November used car value increase
Last month (November) the motor industry saw the average value of use cars increase by 4%. The news was taken from a report by the British Car Auctioneers Association. It is thought that the price increase is the result of a well balanced supply of vehicles mixed with a current demand by customers.
Values rose by £238 on average, a figure that is the second highest on record since 2009, certainly a good omen for vehicle providers and dealerships such as Ford car dealers. If you are thinking about investing in a new car than you will be pleased to know that you can get more for your money now by part exchanging.
November saw an increase of 7% (£409 in value) compared to the same month last year and 5% back in 2009, showing a slow but steady increase for used cars. There has never been a better time to visit used Ford car dealers: by receiving more money for your current vehicle you can stretch your money even more!
Image Credit: jns001 (Flickr)