Used car prices jumped another 4.3% in February, the highest increase since a 4.4% increase in 2009. Why? Dealers are selling more cars than they are buying, and they can't replace their inventory because there isn't enough supply in the market. Dealers find a good share of their inventory at car auctions, and right now auction prices mean dealers are paying more than book value for inventory. This means you'll pay more to buy a used care from them. So here are some tips to help you extend the life of your car so that you can avoid purchasing a new-to-you used vehicle until inventories increase and prices come down:
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