Agent009 submitted on 8/12/2011 Auto Spies Photos Timestamp: 7:29:02 AM
Views : 6,316 | Category: Misc News | Source: | SOURCE: latimesblogs.latimes.com
Normally, the value of a new car plunges as it's driven out of the dealership by its new owner. But slumping auto sales and leases in recent years have changed that axiom by creating a shortage of late model year used cars, according to auto price information company Kelley Blue Book. The average value of a 1- to 3-year-old used vehicle has increased from $15,000 in 2008 to more than $23,000 in 2011, an annual average increase of nearly 16%, Kelley analysts said.BimmerFest East 2011 Photo GalleryBMW i3 and i8 Concept Photo Gallery2012 Mercedes-Benz C63 AMG Coupe Black Series Photo GalleryFull 2011 Comicon Photo GalleryWaterfest 2011 Photo GallerySPIED! FIRST Look Next-Gen Ford Escape Photo GalleryAutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on FacebookRead Article
Normally, the value of a new car plunges as it's driven out of the dealership by its new owner.
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"Normal is an illusion. What's normal for the spider is chaos for the fly."— Agent009 (View Profile)
"Normal is an illusion. What's normal for the spider is chaos for the fly."
— Agent009 (View Profile)
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