Latest Articles
News Categories
Manufacturer News
News Archive
Used car prices 'reach historically low levels'
Feb 5 2009The current turmoil surrounding the UK car market could prove welcome news for unsecured Car Loans applicants, with a number of bargain deals available.
According to new analysis by Eurotax Glass's, used car prices are now "at historically low levels", prompting many consumers to pay a visit to their local showrooms.
While the market continues to offer bad news for dealers, people looking to buy a second-hand vehicle at a knockdown price could be in luck.
"The good news for consumers is that the falls in trade values are being translated into lower asking prices on the forecourt," said Adrian Rushmore, managing editor at Eurotax Glass's.
Car Finance customers on the hunt for MPVs are likely to find the best discounts, with the sector having been worst hit by the depreciation in values.
However, buyers could also make the most of reduced prices in the lower-medium segment, with vehicles such as the popular FORD Focus having lost an additional 29 per cent in value over the last two years.
The analysis comes after the Society of Motor Manufacturers and Traders revealed more bad news for the new car market, with sales down 30.9 per cent for January in comparison with the same month last year.
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
