2:27 am, December 12, 2010
AUCTION4CARS has said that November experienced average used car prices rising slightly.
New figures from the car auction website revealed average prices had risen to £2,782, a jump of 1.4 per cent, evidence that prices are leveling off after a series of recent price hikes.
Dealers on the search for used stock is keeping up sales volumes, say the firm. At the moment, the site is selling a vehicle every 20 minutes.
Neil Prescott, group disposal manager at Motorpoint, said: ‘It is clear from our latest figures that sense is sense is returning to the marketplace with prices levelling off in the run up to Christmas.
‘We expect this trend to continue into 2011, inspite of the continued shortage generally of used quality cars.’
