FORT WAYNE, Ind. (Indiana's NewsCenter) --- If you're looking for a used car these days, make sure you have a little extra cash on hand, as prices are climbing along with interest in the pre-owned market.
Rising prices for used vehicles are not necessarily a bad thing for consumers.
The economy is showing signs of rebounding, which, of course, means a lot of things are going to cost more.
Used cars are at the top of the list.
It's partly a supply issue, but also people in the business say you get more for your money than you used to.
Bob Rohrman's Used Car Store on Illinois Road is reporting solid sales.
Used Toyota Camrys are in high demand, as well as fuel-efficient vehicles like Mini-Coopers or the Toyota Prius.
But it's not just about fuel economy.
Americans bought 40 percent fewer new cars during the recession starting in 2008, and they aren't trading as often.
Statistics from 2011 show the average car had been on the road for 11 years, compared to 8 and a half years back in 1995.
That has an impact on price.
Bo Nahrwold/Rohrman's Used Cars: " They're built so much better now. If they last longer, there's better value and people are holding on to them, and that's where our shortage of quality pre-owned cars is coming from."
That can work in the consumer's favor.
When you're looking to buy new, you can probably count on getting better trade-in value on the car you're getting rid of, which can take a little of the sting out of that new car purchase price.
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