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Loading ...Resale valuations on Used cars in the UK have increased in the first quarter of 2008 according to industry specialists at british car auctions.
The latest information is that the average price has risen by £116 to £6,688 from Jan to Mar 2008 against the previous years valuation.
The Part Exchange quotes offered by dealers has also improved with UK outlets on average improved there offers by £39 over the final quarter of 2007.
This was an unusual increase and may be due to the demand for older user cars expressed by franchised dealers who can no long being able to rely on new car sales as there first income.
Nearly new used cars were much lower in quarter 1 by a 1% reduction to £15,433 average. This is due undoubtely to the vast number of self registered cars dealers have take on that now have to be sold to ‘New car’ Customers.
This continued change is a good indicator that the market is in decline and the credit crunch in the uk is playing a big part in that. With estate agents and other ‘finance’ dependent business suffering as well.