(March 21, 2011) IRVINE, Calif. (PRNewswire) — Kelley Blue Book www.kbb.com, recommends that consumers who do not have a pressing need to replace their current vehicle wait for gas prices to come back down.
Since the beginning of the year, fuel prices have spiked 15.3 percent, primarily due to instability in the Middle East that has sparked fears of production halts. With gas prices on the rise, Kelley Blue Book anticipates that fuel-efficient vehicle values will increase, while values for trucks and SUVs are expected to stabilize.