![]() What's happening in the used car market is a classic case of supply and demand. "Through the first three weeks of March, wholesale prices increased 2.5% to 3% per week, and are now 5% higher than their previous all-time high recorded back in August 2020." “The used vehicle market continues to heat up as we transition into the spring market," says Jonathan Banks, the vice-president of Valuation Services at J.D. It's currently a seller's market for used cars, and you can get additional value from your used car sales or trade-in if you move quickly. ![]() Used car values have surged to record highs due to temporary market forces, and they won't stay there forever. If you've been thinking about selling your car, now is a great time to do it.
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