Entries in Kelley Blue Book (2)


Used Cars in High Demand; Prices Up 30 Percent Since 2008

Comstock/Thinkstock(WASHINGTON) -- Used-car prices are up almost 30 percent from December 2008, fueled in part by people looking for more fuel-efficient cars. In April alone, prices for these vehicles rose 20 percent over what they had been in January.

"If you own a small or midsize car, your car is probably worth a lot more than you think," said Jonathan Banks, an executive auto analyst at NADA Used Car Guide. "Trade-in values are at an all-time high."

The Toyota Prius is at the top of the list. A three-year-old Prius is worth $4,100 more today than on Jan. 1. Mini Coopers and Camrys are not far behind.

And it's not just fuel-efficient vehicles. According to the Kelley Blue Book, a three-year-old Ford Explorer sold in 2007 would have gone for about $7,000. Today an Explorer with similar mileage on it could be sold for more than $14,000.

Supply is a big reason for the used-car revival. Americans bought 40 percent fewer new cars during the recession and held on to those cars longer.

This year the average car has been on the road for 11 years. In 1995, it was just 8.5 years.

The earthquake and tsunami in Japan triggered a huge shortage of new cars and parts as well -- even affecting U.S. plants -- as did the 2008 financial crisis, when credit tightened and car companies cut back on leasing. 

Copyright 2011 ABC News Radio´╗┐


Nissan Leaf Tops the Top 10 'Green' Cars of 2011

Nissan Motor Co(IRVINE, Calif.) -- With gasoline prices inching up towards a national average of $4 a gallon, Kelley Blue Book’s just-released ranking of the most fuel efficient vehicles for 2011 couldn’t come at a better time.

The list includes standard gas-powered vehicles, hybrids and all-electric cars.  In compiling the list, the editors at Kelley Blue Book say they not only examined fuel efficiency, but also which “green” vehicles they actually enjoy driving and would recommend to others.

The top-ranked car is the Nissan Leaf, an all-electric vehicle that the EPA says will deliver 73 miles per charge, and the equivalent of 99 miles per gallon.  But fuel efficiency isn’t the only thing “green” about the Leaf -- it also features materials made from recycled items such as old home appliances and plastic bottles.

Here is Kelley Blue Book’s Top 10 Green Cars of 2011:

1. 2011 Nissan Leaf, 99 mpg equivalent
2. 2011 Chevy Volt, 93 mpg equivalent
3. 2011 Toyota Prius, 50 mpg (51 city, 48 highway)
4. 2011 Lexus CT 200h, 42 mpg (43 city, 40 highway)
5. 2011 Honda Insight, 41 mpg (40 city/43 highway)
6. 2011 Ford Fusion Hybrid, 39 mpg (41 city/36 highway)
7. 2011 Volkswagen Golf TDI, 34 mpg (30 city/42 highway)
8. 2011 Hyundai Elantra, 33 mpg (29 city, 40 highway)
9. 2012 Fiat 500, 33 mpg (30 city/38 highway)
10. 2012 Ford Focus, 31 mpg (28 city/38 highway)´╗┐

Copyright 2011 ABC News Radio

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