In another sign of how deeply this Great Recession has impacted our economy and people's spending habits, the price for used cars has soared. 

If you are in the market for a used car, join the crowd—and be ready for some sticker shock.

Used car prices are expected to soar an unbelievable 30% over last year!

There are several factors to blame.  First is the increased demand for used cars as consumers continue to tighten their belts and balk at buying an expensive new car.  Second is the Japanese tsunami and earthquake.

Higher used car prices is bad news if you are in the market for a car, but can be welcome news if you have a used car to sell or trade in.

Daria and I recently decided that we really didn't need a second car (and haven't missed if for a minute!).

The timing is perfect if you're in the market to sell a used car you don't need or are ready to trade up for something new.

Notice that we said "trade up" not "trade in" a used car.  That's because we believe that you will, generally, get more from a private sale than trading it in at a dealership.

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