{"id":1853,"date":"2010-05-25T00:00:00","date_gmt":"2010-05-25T00:00:00","guid":{"rendered":"http:\/\/blog.njstateauto.com\/auto-industry-news\/used-cars-experience-increase-in-value-during-2010\/"},"modified":"2010-05-25T00:00:00","modified_gmt":"2010-05-25T00:00:00","slug":"used-cars-experience-increase-in-value-during-2010","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/used-cars-experience-increase-in-value-during-2010\/","title":{"rendered":"Used cars experience increase in value during 2010"},"content":{"rendered":"<p>While the sale of new cars dropped sharply during the recent collapse of the automotive industry, owners of used cars found that their assets actually increased in value as a result of a fortunate confluence of events.<\/p>\n<p>Last year&#8217;s Cash of Clunkers program incited many Americans to buy newer, more fuel efficient cars, and took many used vehicles off the road, ABC affiliate KFBB 5 reports.<\/p>\n<p>In addition, as many automakers responded to the recession by pulling older models out of production, owners of used cars found that some of their vehicles actually gained value after their purchase.<\/p>\n<p>For instance, Jerome and Patricia Fuller, a South Carolina couple, recently purchased a 2005 <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Dodge\" class=\"dnautolink\">Dodge<\/a> Durango, says CBS affiliate WSPA. According to the National Automobile Dealers Association (NADA), the value of the used car has increased by 16 percent, or roughly $1500, in the last six months.<\/p>\n<p>NADA reports also indicated that used cars that have experienced the greatest increase in value since December 2008: <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Ford\" class=\"dnautolink\">Ford<\/a> Expedition, <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=GMC\" class=\"dnautolink\">GMC<\/a> Yukon, <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Chevrolet\" class=\"dnautolink\">Chevrolet<\/a> Equinox, Ford Explorer, <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Lincoln\" class=\"dnautolink\">Lincoln<\/a> Navigator, Chevrolet Tahoe, Dodge Ram 1500, Ford F150, Chevrolet TrailBlazer and <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Chrysler\" class=\"dnautolink\">Chrysler<\/a> Town &amp; Country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the sale of new cars dropped sharply during the recent collapse of the automotive industry, owners of used cars found that their assets actually increased in value as a result of a fortunate confluence of events. Last year&#8217;s Cash of Clunkers program incited many Americans to buy newer, more fuel efficient cars, and took [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Used cars experience increase in value during 2010<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/used-cars-experience-increase-in-value-during-2010\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Used cars experience increase in value during 2010\" \/>\n<meta property=\"og:description\" content=\"While the sale of new cars dropped sharply during the recent collapse of the automotive industry, owners of used cars found that their assets actually increased in value as a result of a fortunate confluence of events. 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