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Used, hybrid cars witnessing value increases

Posted On Tue, March 27, 2012

Kelley Blue Book recently reported that many consumers may be witnessing prices rise for used and hybrid vehicles.

The Book Market Report for 2012 showed that used compact cars increased 1.3 percent during February. In addition, hybrid vehicles witnessed an approximate price valuation increase of 3.6 percent. Fuel-efficient compact vehicles, which were used, experienced a 0.4 percent jump in valuation.

"Dealers have been aggressively bidding on fuel-efficient vehicles at auction as consumer demand increases in response to rising gas prices," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. "If the past is any indication of things to come, Kelley Blue Book could see values of used fuel-efficient vehicles increase more than 20 percent during the course of the next few months."

Those consumers who are afraid they are going to have difficulty funding their new car payments may want to look for affordable items in other areas. One way could be to save on auto insurance. There are many affordable auto insurance rates available online, and a person could benefit from comparing quotes.

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