Used-Car Prices Show Large Rises ; News in Brief

Evening Post (Bristol, UK) › September 25, 2009

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Summary

WITH a three per cent month-on-month rise in used car values in August and a staggering 30.68 per cent year-on-year increase average prices in this vital sector are showing unprecedented growth, says a leading vehicle auction company.

According to the British Car Auctions figures, August 2009 set a new record for average used car values, which rose to Pounds 6,223 - a Pounds 195 increase over July's figures. Average used car prices have risen every month since last November. And year-on-year values are now Pounds 1,458 ahead of August 2008 reflecting how far values fell last year and how significantly they have recovered in 2009.

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Used-Car Prices Show Large Rises ; News in Brief

"The fact of the matter is that the bounce...

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