Used Car Prices Keep Going Up

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.