RENO, NV - As gas prices plummet, some people are taking another look at car shopping. Low gas prices are driving up sales for less fuel-efficient cars. Week by week, gas prices keep dropping and suddenly, filling up at the pump isn't so draining on your Imagine driving a mainstream Honda with the tech and safety features of $60,000 luxury cars. It’s here now at half the luxury car price. Adaptive cruise control, self-steering lane keeping, collision mitigation and pedestrian braking are all offered on The car rental business is a notoriously tough game with deep discounting. Some cars start at $8 per day in Sun Belt hot spots like Las Vegas, Florida, and Texas. The early results of algorithmic rental cars are in, and Avis Chief Executive Officer Ron A combination of rising gas prices and a disruption of the supply of cars and parts from Japan has added as much as 7% in April for used models like Honda Civic and Toyota Corolla. It is a poor time to buy fuel-efficient used cars but maybe a good time for Used-car prices are sliding, a boon to penny-pinchers, but troubling for new-car sales. The auto industry sales recovery in recent years means millions of used cars, many coming off lease, are starting to flood the market. The result is a decline in used With auto sales recovering from their recession-era slump, the industry's supply of used cars has started to rise again, driving down prices. This in turn will pressure new-car prices and raise the stakes for automakers, which have enjoyed the new-car .
effect of the Great Recession is on display now at car dealerships—where there are more and more used cars for sale, at increasingly lower prices. The used car market has gone a bit haywire over the last half-dozen years. During the height of the On Tuesday I wrote about how a shortage of homes for sale in many areas, combined with an uptick in demand, is pushing prices upward. Something similar is happening in the used-car market. A shortage of used cars - combined with higher demand from buyers NEW YORK (CNNMoney) -- Cars are more expensive than ever, and experts say even higher prices are on the way. The days of big cash-back offers and other incentives that automakers depended on to sell excess cars and trucks have gone the way of manual Last summer, used car prices were sky high -- not as high as they'd been earlier in 2012, but close enough that the price gap between "new" and "new used" cars remained very, very narrow. But oh, what a difference 12 months can make. According to .
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