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Car finance news: Demand for fuel-efficient cars remains steady

Car finance customers may be interested to learn that a new report has shown that demand for fuel-efficient vehicles continues to be "steady".

Car finance customers may be interested to learn that a new report has shown that demand for fuel-efficient vehicles continues to be "steady".

According to Manheim's Market Analysis study, the average price paid for all cars sold in June stood at £6,584, £184 lower than during the previous month.

However, despite this slowdown in the overall market, the company noted the fuel-efficient super-mini sector saw the average price rise by £140 last month.

Mike Pilkington, managing director of Manheim Auctions & Remarketing, said: "The tougher market for wholesale used cars first reported in May looks set to continue for some time yet but we are encouraged by the fact that the conditions do not seem to be affecting all market segments or all sectors."

In related news, it may have come as some relief to motorists whose cars aren't the most fuel-efficient that chancellor Alistair Darling announced this week the increase in fuel duty scheduled for October has now been postponed.

Making the announcement, Mr Darling acknowledged recent petrol price increases and said the decision would help motorists.


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