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Why Are Used Cars So Valuable?

Used car sales
AP Photo/Reed Saxon

Right now is a terrible time to buy a used car. But it’s an excellent time to sell a used car, especially here in Seattle. Sales of new cars plunged between 2008 and 2010, and that’s caused a shortage of used cars. According to Forbes, Seattle is the second worst city in the country to buy a used car. So why here? We'll get some answers from Micheline Maynard. She covers business and the automobile industry for Forbes and other publications.

Also this hour: state lawmakers heard this week about a proposal to overhaul retirement plans for public employees. Senate Bill 5856 would end pensions for newly hired state workers and current state employees under age 45, and shift them to employee investment plans. We talk it over with Paul Guppy of the Washington Policy Center and Jeff Johnson of the Washington State Labor Council. Plus, we'll spend a day in the life of a sound effects artist during the golden age of radio, and get a lunch recommendation from Sara Dickerman.