Used car values are rising

Updated



The auction group, BCA, says that used car values are going up.

It says that the reduction in new car sales over the last few years has meant fewer cars coming to auction, and therefore rising prices. It might seem a paradox that used car values rise in a recession, but it is all a question of supply and demand – the fewer the number of new cars sold, the more they are worth when they are two or three years old.

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