Posts Tagged ‘Car Prices’
Shortage of Supply Leads to Increased Value for Second Hand Cars
Fewer used cars has led to an increase in their value during 2009. Vehicle valuation data provider CAP Motor Research Ltd., responsible for providing vehicle valuation data to the motor industry, has revealed that the normal 15% per year depreciation in used car prices has been reversed.
Normally there is a steady depreciation in the prices for used cars. But 2009 has seen used car prices actually increasing month to month by about 3.5%. This is resulting in significant increases in used car valuations.
This is good news for those wishing to sell their cars but not so good for people looking for a bargain. The price rises for used cars in 2009 have been completely unprecedented. Some used car prices have increased by as much as 25 to 30%.
Some are saying that the effects of the car scrappage scheme will be short-lived. When funding for the car scrappage scheme ends in October it is likely that we will see a reversal in this trend.
The car scrappage scheme was introduced to boost the ailing motor industry by incentivising the purchase of new cars. For some car manufacturers the scrappage scheme has been a big success. Government incentives have encouraged those considering a replacement car to choose a new model.
Earlier in 2009 it was reported that some new cars were actually cheaper than second hand ones in the UK. This was caused by a falling demand for new cars due to the recession and fewer used cars coming onto the market.
There has also been a shift in the way that UK drivers are financing their transport needs with many opting for cheap car leasing deals or attractive van leasing deals rather than outright purchase.
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Get a Used Luxury Auto for Less at Auction!
Posted on May 8th, 2009 by Lindsey Harper
Hello! Its Lindsey Harper here, and I’d like to show you a fantastic deal I found on a used luxury car.Most of us love cars like the Mercedes, the Jaguar and the Porsche, but we can’t afford their price tags. However, that’s not the case if you’re willing to drive a used car.
One of the things I love about used car websites are the deals that you can find. For example, take a look at this 2000 Jaguar I found pictured above. This car is a four door sedan. It has power steering, power brakes, anti-lock brakes, air conditioning – everything that you would expect in a luxury car.
Would you like to know the price tag? It’s only $6, 995! Unbelievable.
I found this terrific deal at Government Auction Network. We know that Government Auction Network is known for showing you great deals that the government provides. However, it’s important to note that the company’s bottom line is saving you money. If they can do that with used car deals that do not have to do with the government, they will.
Government Auction Network has teamed with one of the used car websites to give you spectacular deals, whether you are looking for a used luxury car or a non-luxury car. You can’t beat car prices that can be found at a site that list everything from high to low.
How do you get started so that you can find out more about this car and more?Just join Government Auction Network! I’ve stated this before, and I believe it now more than ever, once you get used to Government Auction Network, it will become your one stop shopping place for great car prices and much more.
Click on “About Lindsey” and then “Just Ask Me” if you have any questions.
Government Auction Network – used car websites – used luxury car – car prices