More good news for the motor trade, the average price of used vehicles continued to rise during April 2009, the values at auction increased by over £50 but the rate of increase is slowing. The increase over the price during April 2008 is +4% taking the average vehicle cost to £5641.
With the introduction of the vehicle scrappage scheme and the expectation that the market would begin to falter, the continued increase is particularly welcome news for Car Dealers. In other good news, iQuote Insurance can beat your Motor Trade Insurance Quote if you apply online and state your current premium you could save up to 40% on your motor trade policy.
The market has increased dramatically since the depth of the slump in October 2008 with values increasing by 18% on the values at this time.
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