I'm guessing this had largely to do with the recession? People weren't buying new cars and so the supply for used cars dropped (I remember dealers calling me b

I'm guessing this had largely to do with the recession? People weren't buying new cars and so the supply for used cars dropped (I remember dealers calling me begging me to sell my Ford Edge) but the demand increased exponentially because it made more sense to buy a used car, then to get a new one. This is turn increased the price to many models and in some cases, a lot. Hybrids and electrics shot through the roof because people were trying to save money on gas. More reliable models from Honda, Toyota and Subaru also went way up in value.