Supply And Demand

Keith Griffith of About.com discusses used vehicle prices.  From his blog:

• The average wholesale price in November was $9,519, a 9.3-percent year-over-year gain and a 0.6-percent upswing from the previous month.
• The Bureau of Labor indicated that the used vehicle consumer price index was up 2.3 percent year-over-year in October -- which is the most up-to-date government data available -- and this marked the first year-over-year jump in the index in 16 months
• Average prices for trucks were up 15.7 percent from November 2008, while car prices climbed 3.7 percent from a year ago.
• The retail side of the used-car market saw a 34.2-percent increase in sales from the prior month, which helped to mute the 41-percent decline in October
• Certified pre-owned sales dropped 18.4 percent year-over-year and were off 14.3 percent from October.

 Here is a picture of lemon meringue pie.

When there are only so many pieces to go around, the cost of each piece goes up.  Thus it is wise to obtain your portion early.

We're open until 5pm today.

The stats in this post are US based.