Used car market strengthening, heads for first monthly increase
The used car market has seen continued positivity over the end of January and early February, according to experts at cap hpi.
Stay updated with breaking news from Cap Live. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The used car market has seen continued positivity over the end of January and early February, according to experts at cap hpi.
January saw used values at the three-year, 60,000-mile point reduce by a negligible 0.1%, equivalent to £90 on average, according to experts at cap hpi.
An end to the phase of volatility the used car market saw between October and December 2023 has ended, according to the latest residual value data from Cap HPI.
January is seeing a relative stabilisation of used car values following a difficult last quarter for the market, according to cap hpi experts.
November has continued to see average used car values decline, down by 4.2% in the month for three-year-old vehicles, mirroring the fall in October.