15/07/2024
But in general, the availability of these vehicles has come down from other sourcing points as well, they add.
What it means for potential buyers is that they will end up paying 10-30 per cent higher on their model choice than if a similar deal had been made in October or November. Throw in the higher insurance rates they need to pay on their vehicles – many used car vehicle sellers are not offering free insurance perks – and the cost of ownership has jacked up quite a bit.
For the UAE’s secondhand car dealerships, it all adds up to…
Used car prices tumble again in December – but will begin to stabilize in 2024 – Car Dealer Magazine
18/04/2024
Used car prices in 2024 are likely to begin to stabilize after the dramatic drops seen in the last three months.
Revealing a 2.1% fall in trade used car prices for December, Cap HPI director of valuations Derren Martin gave Car Dealer his predictions for the year ahead.
The December fall means trade used car prices have now dropped 10.5% in the last quarter of 2023.
Speaking to Car Dealer in an exclusive video interview (above), Martin said the December figures were among the worst on record, but were still a significant improvement on the previous two months.
Martin said:…