Demand has been skyrocketing, and the result is a used-car market where you can pay more for last year’s model than a new one from this year.

New and used vehicle prices are not following the traditional rules these days. The average new-car price hit $41,044 in July, a jump of 17 percent over the year before and, more important, the highest average ever recorded, according to data from J.D. Power and LMC Automotive Forecast.
…
Read more