Trade-in Values Rise in April

"Trade-in values on used cars are expected to peak over the next few weeks, said Jonathan Banks, executive automotive analyst with the National Automobile Dealers Association (NADA) Used Car Guide.

"While prices for all used-vehicle segments will remain stable over the next two months, compact and mid-size cars will appreciate in value and outpace other segments because of rising gasoline prices, shortage of inventory and strong consumer demand for fuel-efficient vehicles," Banks said.

Used values for the compact and mid-size car segments grew by an average of $300, or 2.6 percent, from March to April, and values have grown by an average of $500, or 4.3 percent, since the start of the year, according to the NADA Used Car Guide." [Read more]