Looking to trade in your used car in York next year? You can expect a more generous deal than six months agoaccording to CAP. The used car pricing experts have said thatprices for used cars will rise in the new year as the availability of quality used stock becomes scarcer. Dealers will be keen to get their hands on well-maintained cars, to keep their forecourt fresh and attract new custom.
Mike Hind of CAP said: The New Year will be a good time to trade in a high quality used car. Our research shows that dealers are currently paying very strong prices to keep their stock levels up and that is unlikely to change any time soon.'Mike Hind of CAP said: The New Year will be a good time to trade in a high quality used car. Our research shows that dealers are currently paying very strong prices to keep their stock levels up and that is unlikely to change any time soon.'
Although three year old cars, from most manufacturers, have been fetching siginficantly lower prices this year compared to 2009, the fall has lessened in recent months. Small family cars are trading at only around 5% less than last December and large family cars are fetching 4.1% less. Thanks to the snow, four by fours have bucked the trend and are costing 10% more now than in December 2009.
In spite of the gloomy economic situation, CAP have said that there is a possibility that demand for quality used cars will continue to outstrip supplyin the new year. The used car market will not be exempt from the tax hike in January though.
Used Car Prices
Used Car Prices on the Rise
