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Used car values remain 'strong'

The value of used vehicles has remained steady through the first quarter of this year, according to a new study reported by Auto Industry.

The value of used vehicles has remained steady through the first quarter of this year, according to a new study reported by Auto Industry.

Industry valuer CAP says that consumers are keen to buy used cars and so both retail prices and resale values have stayed strong in recent months.

Superminis are the group tipped to keep their value the best, with CAP reporting that the resale value of a selection of these smaller vehicles grew just under six per cent over the quarter.

Furthermore, the valuer insists that the concerns some have expressed over the resale value of used 4x4s is overstated; although CAP admits that there is more supply than demand in this area, it rejects claims that 4x4s are going to substantially lose value.

Buying a used car is probably the most affordable way to drive away with the car of your dreams.

Combine the value of a used car with a competitive car loan to bring the costs of car finance right down.


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