There are many instances in which used cars could offer drivers better value than new ones. As the quality of vehicles has increased in recent years, motorists can purchase pre-owned models that offer top-notch technology and safety features, which allows them to have an excellent driving experience without putting a major dent in their wallets. However, that doesn't mean all used cars are low-cost – in fact, the average price of these automobiles has gone up slightly in recent years. 

According to the NADA Used Car Guide, the average cost of used cars rose again in 2013, continuing a trend that has been ongoing for several years. At the end of December 2013, the average price was up 0.4 percent from the same time in 2012, marking the fifth consecutive year that the figure has risen.

Much of that growth can be attributed to related factors, such as the improving economy, more affordable gas prices and a smaller supply of used cars for sale. 

"A stronger economy, pent-up demand and favorable credit conditions underpinned used vehicle price in 2013," said NADA analyst Jonathan Banks. "These positive factors helped to balance downward price pressure caused by an increase in the supply of late-model used vehicles, which began to grow again in 2013 following a five-year slide from a falloff in new vehicle sales and trade-ins during the recession." 

Although used car prices have gone up, there are still many opportunities for drivers to find pre-owned vehicles that won't break the bank. At New Jersey State Auto Auction, motorists can browse a wide selection of CARFAX-certified cars, trucks and vans to find an option that could meet their needs.