Limited supplies props up small car values | Motor Trader Magazine ...

Friday, 2 September 2011

Values of little cars in the second-hand marketplace are investment up healthy as demand rises for cheaper-to-run vehicles.

Depreciation on cars is inferior now supposed it was a day ago, normal to the newest information as of CAP Used Car Price Index.

It divide so as to depreciation in the City Car sector recognized by June and August was now 0.9 per cent better by means of 7.5 per cent throughout the similar era in 2010.

Superminis are too investment completely worth improved supposed a day ago by means of standard depreciation of 4.1 per cent in excess of the history quarter, better by means of 8.3 per cent a day ago.

Lower average cars contain depreciated on standard by 3.5 per cent at what time previous existence shape was 6.4 per cent.

CAP supposed principles are existence form propped up by restricted second-hand car volumes lady by successive existence of low new car sales.

Mike Hind of CAP said: œœThe CAP Used Car Price Index confirms so as to demand is usually strongest at the smaller end of the marketplace and petroleum has resulted in grainy depreciation petroleum summer.

œWith no financial revival on the horizon it earth sure so as to smaller and additional inexpensive cars determination carry on to depreciate additional slowly supposed ˜petrol guzzlers as organization costs overtake image in the priority catalog for second-hand car buyers.

œThe additional important issue influencing second-hand car management in universal is comparatively low volume, construct is partly a consequence of the ,fall down in new car registrations in excess of the history inquisitiveness years.