Used car values up for the fifth month

Whilst positive news is thin on the ground in the Motor Trade at the moment, there has been an increase in used car values (at auction) for the 5th month in a row. As the market for new cars falters car dealers are experiencing an increased demand for second hand cars and vans.

In comparison to auction prices at this time last year, there has been a 3% increase in the average cost of a vehicle at auction. The only cloud on the horizon is that the rate of growth is slowing. But any good news for Motor Traders should be welcomed with open arms in the current economic downturn.

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