These 5 used cars' trade-in values are skyrocketing
Fox News
Car dealers are paying 20% more for trade-ins than they were two years ago and consumers are getting much larger payouts than expected amid the new car shortage.
A new survey from Cars.com found that the trade-in values for used cars and trucks from 2018-2021 remain high amid the ongoing vehicle shortage, with a third of dealers paying over 20% more than they were two years ago.
"Eager for quality inventory, dealers are making lucrative offers for popular vehicles maintained in good condition with low mileage," Cars.com editor-in-chief Jenni Newman explained.
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