People who have bought fuel-efficient vehicles may be finding that their cars are able to withstand the test of time in terms of investments, as some individuals are turning a profit when selling a fairly new environmentally friendly vehicle.<\/p>\n
The New York Times reports that used car values are increasing dramatically for fuel-efficient automobiles, as there is a high demand from American consumers due to the rising gas prices.<\/p>\n
For example, compact cars that are between one and five years old are now worth 30 percent more than they were six months ago, according to the news source.<\/p>\n
"There's just so many things hitting the market all at once," Alec Gutierrez, manager of used-car pricing at Kelley Blue Book, told the news provider. "For those really hot, in-demand cars, we're seeing one- and two-year-old vehicles that are selling for very close to [sticker price.]"<\/p>\n