As gas prices continue to soar, demand for fuel efficient small cars continue to climb.
Dealers are having a hard time keeping up with demand for compact cars. Auto auctions have dealers aggressively bidding against each other to win these cars for their customers who demand them.
With more car shoppers in the market for compact cars, prices for these vehicles are reaching record highs.
With higher fuel costs, prices for used SUVs and trucks are down as demand has dropped off.
Used Hybrid vehicles are seeing the highest price appreciation with the Toyota Prius leading the pack.
When gas prices eventually drop off, so will demand for small economy cars.
Unfortunately, there is no telling when gas prices will start sliding. As a result, if you are in the market for a late model compact car get ready to experience some sticker shock.