Nissan has reported a $479 million profit for the last quarter, a reversal from the loss it racked up a year earlier.

Used car prices are up 20.8% in the Detroit market over the past year. Nationally, used car prices have increased 16.8%, or $3,926, over the past 12 months, compared to most years when they remain constant.

Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected, so it’s financial results will improve.