Vehicle information expert HPI is urging used car buyers to make sure they factor in the depreciation of a vehicle when considering a purchase, as this could save them thousands of pounds when it’s time to sell it on. Read the rest of this entry »
Vehicle values rally to September 2008 level, says HPI
The latest figures from the HPI Used Car Valuations Index offer the struggling motor industry cause for a small celebration, with a slight increase in month-on-month vehicle values – the third monthly increase in a row. Early indications show that both petrol and diesel vehicles of 12 and 36 months are performing well in May, with the rate of year-on-year depreciation falling from 21.5% to 18.5%.
However, whilst the used wholesale market is still relatively buoyant, the HPI Index also suggests that used car values on the whole are levelling out, with just the 4×4 sector rising in value. Read the rest of this entry »