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Used car differentials 'significant'

The value of the average used car varies by as much as 14 per cent between different UK regions, a new study reveals.

The value of the average used car varies by as much as 14 per cent between different UK regions, a new study reveals.

A report from car industry analysts EurotaxGlass's shows that the average price of a car in Britain's most expensive used car region - the south-east - is significantly higher than in the country's cheapest area for second-hand vehicles - the north- east.

A used set of wheels cost an average of £10,400 in the south-east, while the mean value for a second-hand vehicle in the north-east stands at a comparatively paltry £8,900.

"The variations in average asking prices can partly be attributed to the uneven distribution of cars by market sector in different parts of the UK," Adrian Rushmore, managing editor at EurotaxGlass's, commented.

"For example, in the north-east the proportion of smaller, more affordable vehicles such as superminis represents around 26 per cent of the total in the region – higher than anywhere else in the country.

"At the other end of the price spectrum, higher-priced luxury saloons, sports cars and convertibles are available in proportionately much greater quantities within the south-east."

The UK's second most expensive region for used cars is Scotland, with second-hand cars there costing £10,000 on average. The north-west, the Midlands and Wales are marginally behind the Caledonian nation when it comes to used car prices.


track© Adfero Ltd

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