In a counter-intuitive turn of events, the way the market is now, a used SUV can end up costing more than a new one.
Automakers clamped down on SUV and truck production in 2008 and 2009, but now that gas prices are more normal and the economy doesn’t look like it’s getting worse, buyers are snapping up these models.
This isn’t good news if you’re looking through the bargain bin used car deal, but it is good if you’re looking to trade in your old SUV for a new one. Looks like it’s one of the few times where a car has increased in value after it was driven off the dealer’s lot.
For more info on buying a new or used car, check out Consumer Reports car buying advice.