News
Manufacturer News
Car owners urged to cash in
May 21 2009Motorists 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.
More from Financial and Loan News
Cheap Car Loans and Fleet Sales are Helping the UK’s new Market
Created Dec 30 2011
Although car sales have taken a beating through much of Europe during the last couple of years, the prognosis for the UK car market in 2012 is considerably less dire, according to experts at Pricewaterhouse Coopers (PwC).
More from Financial and Loan News
Ford Plans to Double its Production in China
Created Jun 22 2011
Ford’s joint venture in China – Changan Ford Mazda Automobile – plans to soon double its annual production of car engines to 750,000 units.
More from Financial and Loan News
Insurance Website Names Most Dangerous Cars
Created Jun 20 2011
The popular insurance website Confused.
More from Financial and Loan News
FSA to Improve Complaints Handling Standards
Created Jun 14 2011
The FSA has announced a range of measures aimed at improving complaints handling standards.
More from Financial and Loan News
Financial Services Authority Cancels Retails Authorisation
Created Apr 21 2011
As most car finance buyers are probably aware, part of the responsibility of the FSA (Financial Services Authority) is to protect motorists against dangerous financial practices.
More from Financial and Loan News
Finance Becoming More Important in Car Purchasing
Created Apr 20 2011
In a recent interview with AM-Online, General Manager at BMW/Mini Financial Services, Joe Pattinson, expressed a number of opinions that are of interest to ordinary car finance buyers.
More from Financial and Loan News
Debt Recovery for Lenders Conference in London
Created Apr 6 2011
Those involved in the UK car finance industry will be interested to know that the FLA will be presenting a Debt Recovery for Lenders conference in London on the 18th May 2011.
More from Financial and Loan News
Duty Cut not Passed on to Drivers
Created Mar 30 2011
More from Financial and Loan News
Motor Industry Reacts to the Budget
Created Mar 29 2011
Reaction from the car finance and fleet industries to Chancellor Osborn´s latest "motorist´s budget" has on the whole been fairly positive.
More from Financial and Loan News
Japanese Disaster Hits Toyota Badly
Created Mar 28 2011
The ripple effect of the recent earthquake and subsequent tsunami in Japan is slowly being felt by manufacturers and auto loan buyers all over world.
More from Financial and Loan News
