WASHINGTON - If you're thinking of trading in your old car for a new one, there may be no better time to do it than right now.
Consumer Reports says the average trade-in price of used small and mid-sized cars has risen an average of $500 since January.
There is another reason to trade-in now: New car prices are rising gradually as automakers cut production to better match market demand.
How well you make out with a trade-in depends on the individual vehicle. If you have a 2009 Toyota Prius, you are in luck. It's value has jumped nearly $2,000 since January.
Follow WTOP on Twitter.
(Copyright 2012 by WTOP. All Rights Reserved.)
A fallen police officer's daughter gets a swarm of support. (Photos)
See George Washington's home through a dog's eyes.
Morgan Freeman can't stay awake during a TV interview. (Video)
She can sing, but can she act? Jewel takes on a famous role.