Good News For Motor Traders: Used Car Values Are On The Up

    SITTINGBOURNE, ENGLAND, March 07, 2009 /24-7PressRelease/ -- Good news for the hard pressed Motor Trader, used car prices are on the rise. Used car dealers are reporting strong used car prices, due to an increase in demand. This demand is a direct result of the weak demand for new cars. Dealers are reporting an increase of GBP500 for 3 year old vehicles so far this year.

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The CAP black book indicates that there is strong movement in used vehicle prices. Industry insiders said that for used vehicles the footfall in to dealer showrooms and sales were at their strongest for 2 years. However in a cautionary note - the economic downturn will continue in 2009 and dealers should make the best of strong sales whilst the opportunity lasts.

Areas of the market that performed very strongly, were 4x4's and the small executive car sector. Both these areas saw an increase of over 5%; very much against the current economic trend.

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Source: iQuote Insurance
Website: http://www.iquotemotortradeinsurance.co.uk

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