According to BCA used car values rose in April to make it six months out six, this is quite incredible and in my 14 years in the industry I have never seen this happen before. In fact after speaking to a personal friend of mine who happens to be a dealer too, he seems to think that he has never seen such oddness in 40 years, yes he is getting on a bit, but I’m sure he can remember that far back.
Well what does this mean for you the buyer? It means that you should be happy, as although you’re house isn’t going up in value, the car is………weird. Basically if you want to change you’re car it’s a good time too, with so many deals on new or nearly new and values on older models high, it means the gap between you and a new motor should be smaller than ever.
Categories: Industry news