Used Prices Are On the Increase

Summary


IF you didn't buy a used car back in February or March, then it looks as if you've missed the bargains bus. At this time of year, there's a traditional fall in the values of second-hand vehicles - but not so in 2009.

Trade valuation experts everywhere are reporting a rise in forecourt prices, with the latest - the HPI Used Car Valuations Index - reaffirming that values have crept up for the fourth month in a row. HPI says this is due to a scarcity of quality used stock in the wholesale, auction and retail markets, leaving dealers short of inventory and therefore able to command values slightly above the usual levels for June.

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Extract


Used Prices Are On the Increase

June's used-car increases saw year-old vehicles up in value by 0....

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