STRONG START FOR USED CAR PRICES IN EARLY 2020
Posted on 22nd March 2020 at 12:00
The UK used vehicle market has started 2020 as strongly as it finished the final quarter of 2019.
An 8.4% rise was recorded in the fleet sector with average prices from around £9,036 to £9,799 between the third and fourth quarters of last year. Supported by a fall in average vehicle mileage to around 47,000 miles.
Used diesel vehicles saw an 8.8% price rise between quarter three and quarter four. Whilst used petrol vehicles rose by 6.1% over the same period.
Prices rose by 6.4% overall during 2019 as dealers reported strong demand for 18 to 24 month old used vehicles. This positive trend continued into January with record demand.
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