UK: Vehicle over-production pushes UK residual values to lowest in Europe
Car makers have reduced the values of used cars by sending more new cars to the UK in response to falling demand in mainland Europe and the high value of the pound, Glass's Information Services claims. The vehicle valuation specialist says that the UK now has the poorest residual values in Europe with a typical two-year old car worth 59% of the original cost new. In Germany and Spain the value is 69% and in France 73%.
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