Car owners urged to cash in

May 21 2009 Motorists are being called on to cash in their existing vehicles this year because the price they can now get for a used car is set to grow.

Webuyanycar.com has pointed to recent figures from the market suggesting the value of used cars is set to increase over the months ahead, meaning 2009 could offer a prime opportunity for people thinking of selling their car.

The used car market has seen a surge of interest during the first months of 2009 as the impact of the global recession has forced many drivers to consider buying a second-hand vehicle rather than splashing out on a brand new one.

"After a period of uncertainty when people were happy to stick with their cars, we’re now seeing more and more motorists cashing-in," a spokesman for the organisation commented.

Recent figures from Glass's and the British Car Auctions (BCA) organisation have suggested the average value of used cars will continue to rise during 2009, with Glass's predicting average values will be higher by the end of the year than they were at the end of 2008.

The BCA has pointed to strong growth in used car values during the first quarter of the year as evidence of the buoyant market despite the economic downturn.

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