USED VALUES HOLD STEADY

THERE was no change in the value of the average used car between October and November 2010, according to new figures from BCA.

November values were down £111 year-on-year and remained at £5,792

There was a slight increase in the volume of used vehicles reaching the market in November, but not enough to provoke any change. A seasonal lack of interest on the market is to blame for the lack of fluctuation as well as travel difficulties created by the cold weather, according to BCA, and the drop off in demand is likely to remain into December.

“Retail used car business levels tend to be slower at this time of the year and the reality is that not many motorists find a replacement used car in their pile of presents on Christmas morning," said BCA Communications Director, Tony Gannon.

"Consumers prefer to get Christmas out of the way and look for a car in January, perhaps with a pay review or bonus under their belt.”

By By Press Association