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"Glimmer of hope" for used car industry
Feb 20 2009Car Finance customers may have been partly to thank for the improving values of used vehicles sold at auction recently.
British Car Auctions (BCA) has reported an upturn in used car sales, with January proving to be the best on record.
The firm sold more vans and cars last month than in any other January in its history, signalling a "glimmer of hope" for the used car industry.
"Used car values fell sharply in 2008 but the rate of decline slowed in November and December and in January this decline was completely turned around with a significant upswing in demand and prices", commented BCA's UK managing director Andrew Hulme.
He added that the positive figures showed that consumers are opting for used cars because of the excellent value they offer.
Tim Naylor, PR manager at BCA, recently commented that vehicle buyers can currently take advantage of a wide range of used cars.
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Created Mar 29 2011
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Japanese Disaster Hits Toyota Badly
Created Mar 28 2011
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