Blog: Used cars – a nice little earner
Dave Leggett | 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 delaying fleet replacement and the scrappage scheme is taking cars off the road. Earlier this year it was reported that some new cars were cheaper than used ones. Bonkers. So there you have it. If you have any spare cash, maybe put it in used cars. The old maxim that by the time you read about the business opportunity it's probably gone, may well not apply in this case. The UK's scrappage scheme has just been extended and most big companies running fleets are still financially traumatised.
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