Used car prices ‘look set to fall’
Prices of used cars have reached their peak and are set to fall from October onwards, according to experts.
A shortage of used-cars meant values had been increasing, but a surge of nearly new models is set to hit the market after the introduction of the new 59-registrations next month, said valuation expert Glass’s.
Managing editor at Glass’s, Adrian Rushmore, said: “The improvement in prices this year was largely due to the much lower level of used-car supply.”
He explained that prices are levelling out now as the “correction is complete”, and said the “trade price of a car, plus a dealer margin, now equals the retail price that customers are willing to pay”.
Mr Rushmore said prices will start to fall as some dealers make their margins smaller in a bid to attract buyers.
Glass’s predicts there will be fewer vehicles coming onto the market compared with previous years, but prices will be affected.
Copyright © Press Association 2009
RAC Homepage – http://www.rac.co.uk/
Glass’s – http://www.glass.co.uk/index3.php
Driving Schools & driving instructors in Bedford : http://www.bedford-driving-schools.co.uk
Driving lessons in Bedford : http://www.txt-drive.co.uk
Related posts:
- Txt-Drive a Bedford driving school is cheaper than national driving schools Txt-Drive, a driving school in Bedford, is cheaper than national...
- Prices : driving lessons in Bedford Txt-Drive driving school in Bedford offer cheap driving lessons in...
- Txt-Drive driving school cheaper than BSM and AA – save over £185!! Recent price comparisons have revealed that the Bedford driving school...
- Txt-Drive gets mentioned on the Bedford-Driving-Schools.co.uk blog Bedford driving school Txt-Drive, is mentioned on the Bedford-Driving-Schools.co.uk blog....
Related posts brought to you by Yet Another Related Posts Plugin.
Leave a Reply