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January 2021 M T W T F S S « Jan 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 -
NMeda: Motor sports is really for every one. Glad to know »
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jd: Reading this I was reminded of the book " »
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John E.: Thanks. Perhaps you should consider "Guest Posting »
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DARPA awards Phase 2 SBIR contract for HEV motorcycle prototype
January 20, 2015 By Neville -
Report: Hyundai to cut price of FCV in Korea to compete with Toyota
January 20, 2015 By Neville -
Nissan LEAF is best-selling EV in Europe for fourth year in a row
January 20, 2015 By Neville -
Ford of Europe designer Stefan Lamm joins VW’s Seat brand
January 20, 2015 By Sean -
Ford’s German production to raise as demand rebounds
January 20, 2015 By Sean
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Used car values are rising

BCA says that, in July, the average used car was worth £547 (9.7%) more than in the same month last year. BCA’s Communications Director Tony Gannon commented, “Supplies reaching the wholesale used car market are quite significantly down on the peak seen four to five years ago. The combination of lower new car sales and the tendency for vehicle owners to extend their replacement cycles simply means less stock is available to be sold.”
This situation might not last for much longer, however. The industry expects a lot of cars to be forced into the UK market in September, as southern European demand has collapsed. All those extra cars are likely to be pre-registered, which will force down the value of nearly new cars. Now might be a good time to sell an old car, and late September could be a very good time to buy a pre-registered new one, as dealers will be desperate to hit their monthly target for the all-important new registration plate.