Used Cars in High Demand; Prices up 30 Percent Since 2008

May 19, 2011 — -- Got a halfway decent car in your driveway? You just might be sitting on a golden opportunity.

Used-car prices are up almost 30 percent from December 2008, fueled in part by people looking for more fuel-efficient cars. In April alone, prices for these vehicles rose 20 percent over what they had been in January.