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Some makes and models are actually rising in their resa... Some makes and models are actually rising in their resale value (Hugo90, Flickr).
Everybody’s looking for that good deal when buying a new car. But the search for “the deal” is not just restricted to finding a new vehicle at a reasonable price. It also means getting good money for your trade-in.
 
The good news for car shoppers is that used car resale values increased by about 20 percent over the first half of 2010, according to Black Book, which tracks both the wholesale and retail values of used vehicles. This is mostly due to the fact that new car sales plummeted to about 10 million units in 2009, down from the 16 million range the previous couple of years. That means there were fewer trade-ins coming in to car lots, which created a higher demand for used vehicles, which in turn increased their value. So, if you’re pondering whether to buy a new vehicle, this could be a good time to act.
 
The size of your windfall will depends on what you’re driving, as resale values of some models increased more than others. Here’s a tip: If you’ve been driving that gas guzzling SUV wishing there was some way you could sell it and buy something more fuel efficient, well, your ship may have come in.

Selling Or Trading In Your Car? Start Here!

We’ve selected some of the vehicles that have experienced the biggest percentage increase in recent months, between February and July, and seven of the ten are crossovers or SUV’s. For the purposes of this list, the resale-value data provided by Black Book was for used 2007 models, as of July 1.

“Right now, the 2007 models are a steady piece of the used car market, as far as sales volumes are concerned,” explained Ricky Beggs, vice president and managing editor at Black Book. “They’re a good guideline because an ’07 is old enough to significantly differentiate from the new models, pricewise, but recent enough that they don’t have too many miles on them, and are mostly still in good shape.”

Black Book provided a price range for each vehicle, which will depend on factors like what features it’s equipped with, the vehicle’s overall condition, and the total mileage. For a slightly older or even newer model, you’ll have to adjust your pricing expectations accordingly. Comments by Beggs are in italics.

> View Gallery: Top Ten Vehicles With Rising Resale Values


Top Ten Vehicles With Rising Resale Values
Ford Edge GMC Envoy Chevrolet Equinox Suzuki Reno Dodge Durango
Dodge Grand Caravan Ford Explorer Dodge Charger Suzuki XL-7 Chevrolet Trailblazer


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  • 26 Comments
      • 5 Months Ago
      http://www.intelliprice.com is the best place for used car trade values. They are the people that make the BLACK BOOKS. They show you a range of similar cars and what they are selling for, unlike most sites which show you one price.
      • 5 Months Ago
      I totally agree with zintrepid97, and I personally drive a Supercharged Toyota 4Runner SUV, and although sometimes I get frustrated at the gas pump, it's my choice to drive an SUV and my right as a person who lives in a free country. I can't stand people who give me S#$t about my choice of car. I don't give you a hard time about owning a Prius! Global warming is a farce and oil prices are not driven by Bush or even by Exxon but rather by foreign oil producers that hate America. We have enough oil in this country to supply 100% of our own oil, but we cannot drill for it in places like Alaska and Montana because of the tree huggers.
      • 5 Months Ago
      I had a 1986 Cavalier Z24 for about 5 years untill i crashed it. That car i had nothing but problems with it then i got my 1990 toyota pick up that was my best car i have ever had. Then of course i had kids so i had to get a bigger car so i decided to get a 1998 used pontiac trans port montana minivan again with my other GM car nothing but problems at all. Then i went with dodge which was a lot better than the GM but not the toyoyta.
      • 5 Months Ago
      i would like a pick up turuck if i could drive
      Sue
      • 5 Months Ago
      People have always loved this older version of the dodge mini van, the Germans ruined and stole Chrysler's money, I hope Chrysler emerges from the mess the German's left behind, remember this America paid for the new Mercedes glass house in Germany. Screw you, and God Bless the United States of America!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
      glennwarne
      • 5 Months Ago
      I have as yet to find any used car going up in value unless it was one I was trying to trade up to! Same for selling a used one, only went up in value two weeks after I traded it in and it was on the dealer"s lot! The rich drive the BMW and the Mercedes without caring about the money for gas, they are rich, I do not think the economy is anything to do with their resale value. The poor drive whatever will run, doesn't matter who gave it to them or how bad a shape it is when they paid for it, as long as it runs! Once again the economy does not have a bit of pressure on these cars as they are junkers that only the poor want them because they run,not how they look or how many miles on them.(affordable) Only when the middle class comes back and has a job will all the other things the SUV, and luxury class vehicles have make these cars more affordable and desirable , then the value will go up!
      • 5 Months Ago
      Used cars are junk, ultra high mileage and not knowing how it was driven or what kind of service it had. And not knowing were it came from .Used cars and trucks for sale ads are almost as much as a new cars without the warranty, trying to get that little old lady cream puff is impossible to say the least, or someone in your lucky family mybe. If you have all the time in the world and a ton of money you might find a "good deal" as for us working grunts good luck! Better buy new if you can afford it! Roll the dice mybe your payment might be lower than parts and labor at your local garage for that great used car you got a good deal on !!!
      switzarch
      • 5 Months Ago
      'ZIN' Wasn't the point of the C4C program to trade in your old clunker and get some extra cash for it so you could buy a new car. Maybe your friend was BROKE and couldn't afford to trade in, regardless of political incentives or values or excuses? Maybe he was stuck with it 'cause nobody would take it and even as a 'clunker' the work required to put it out of it's misery was worth more then the car itself, a future classic for sure. I bet we'll see one of those at a Barrett-Jackson sometime soon, eh
      diagd1
      • 5 Months Ago
      loptroz31: so what is the deal? Who are the real racists in the country, when we have a black U.S. attorney general (Eric Holder) who has made a policy that there will be no prosecution of black on white crimes? That is his stated policy to his staff (thus the decision to drop the voter intimidation case of the New Black Panthers). Also, are we to keep quiet when Obama continues to make catastrophic policy decisions that will most certainly bankrupt and threaten the security of our beloved USA? He and people like you will continue to blame ********* is time for Obama to man-up and take things on the chin. His constant whining about the previous administration makes him look weak and thin skinned. His legacy will be that he was the most thin-skinned president in history. In the meantime, citizens are scared at the crazy course he is setting us on, yet afraid to speak up and say the truth for fear of being called a racist by people like you! Because Obama is black he is spared the same criticism that EVERY president in history has had to endure, because it is so easy for people like you to label any criticism as "racism". If the race card continues to be constantly played then perhaps there won't be any more minorities voted into office. Every president has to expect to be harshly criticized.
      fwlawrence
      • 5 Months Ago
      1967 chev. comaro coup
      • 5 Months Ago
      Good idea but in California we have "SMOG" inspection for 1974 cars and newer every outher year $50.00 + if all systems are not working to factory specks. your car will not pass and you will need to get it repaired to specks to get your registration, this can be very expensive for a "Cash For Clunker" program car. If Obama wants me to buy a new car even a GM car, a nice stimulus check for around $5,000 would do me fine. I will spend it, I will not save it, I will put it back in the economy!
      • 5 Months Ago
      Mr Keven Ransom: how could I get a "BLACK BOOK"
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