UK used car prices 'defy gravity'
Although the UK used car market shrank by 5.9% in the first half of this year, that was nothing compared to the 26.6% year-on-year drop in new car sales in the first six months of 2009. The show of relative strength began in the first quarter, when used car sales increased by 17% compared with the previous three months, and then, fell back by only 1.1% in the second quarter.
FEATURE: Signs of recovery in UK used car market
15 September 2009
Although the UK used car market shrank by 5.9% in the first half of this year, that was nothing compared to the 26.6% year-on-year drop in new car sales in the first six months of 2009. The show of relative strength began in the first quarter, when used car sales increased by 17% compared with the previous three months, and then, fell back by only 1.1% in the second quarter.
Used cars – a nice little earner
30 September 2009
Used cars in Britain have actually been going up in value over the past year – by as much as 25%-30%. Used car stocks have dwindled to an all-time low and prices may go still higher. Companies are ...
UK: Used car market sees ‘unprecedented’ rising prices
14 September 2009
With a 3% month-on-month rise in used car values in August and a staggering 31% year-on-year increase, according to vehicle auction company British Car Auctions (BCA), average prices in this sector of the economy are showing unprecedented growth.
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