High Demand, Low Supply Hikes Used Car Prices
Demand for used cars is up and so are the prices, according to a study by <em>Kelly Blue Book</em>. When the economy was really bad, car companies didn't produce as much. So now there are fewer 2008 and 2009 used cars.
NPR's David D'Arcy reports Sotheby's auction house is lowering the commission fees it charges sellers. Three weeks ago, Christie's made a similar announcement. Both auction houses are under investigation for price fixing and the added attention may cause trouble for the annual spring art auctions.