Best time to trade in your car is now

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.

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