Monday, February 1, 2010

I want my clunker back

The ADG today reports that people with older SUVs and small pickups have seen their vehicle assessments shoot up. Older vehicles usually decline in value, of course. But the blame goes back to Cash for Clunkers, according to the article. There are fewer used vehicles available, and that jacks up their price and value. Hence, a higher market value equals a higher assessment.

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