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Most people think that a car's value depreciates over time.
But analysts discovered that the average used-car price is up 10% versus last year, thanks to tight supply and high demand.
Hyundai was the brand with the greatest increase in used prices at 22%.
As for increase in models, the Chevrolet Camaro came in at the top, seeing a $2,312 or 16% increase versus the year before.
The second-place finisher, the Ford F-150, was up 14% over last year.
While used-car buyers will likely feel a pinch when they buy, both new and used buyers will see a benefit if they're trading in a car for their next purchase.
The higher the used car prices go, the more attractive it becomes to buy a new car since the price difference is less.
If you're the type of car shopper who never considers buying new, now might be the time to at least comparison shop.
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