Used cars drawing higher prices

(Nerissa Prest)- According to the consumer automotive experts at Edmunds.com, used car sales are doing pretty well all over the country. Edmunds.com says more people are buying pre-owned vehicles, instead of buying or leasing new ones.

"Yes, used car sales are up. The reason is we're in a down economy and people want to save some money," says Edmunds.com Consumer Advice Associate Ron Montoya.

But Montoya warns high demand can translate into high prices.

"This is definitely a seller's market, since dealers want more cars, more used cars. Since there's a shortage of used cars, they're going to give you a little more money than they would a few years ago, and you can shop that around," Montoya adds. Read more here…