Used car prices moving
December 17th, 2009 by Richard Aucock
USED car prices have yet to settle down reveals BCA’s latest Pulse report – which shows the third month running of falls.
November average used car prices were down 2 percent compared with October.
Even so, values remain way ahead of last year – they’re up by over 22 percent. That equates to a yearly bonus of over £1000.
BCA communications boss Tony Gannon says it’s a sign things are starting to return back to normal, after a dramatic year.
‘In previous years, September was often a peak in the annual price cycle, with values falling slightly in the following months of October and November, and that is exactly what has happened this year.’
Do you think this setting down in the used car market is permanent, or is there more drama ahead in the new year?