car news headlines
New figures from the used car industry have suggested the market is beginning to show some signs of stability following the plunge in average prices at the end of last year and their rapid rise at the start of 2009.
June's edition of CAP's Black Book, the independent benchmark guide to used car trade values, has suggested there exists a better balance of supply and demand than has been in evidence in the used car market over recent years.
The figures are similar to the organisation's findings in May, suggesting the market is returning to normality after the highs and lows over the past 12 months.
"Black Book is also finding evidence that the scrappage scheme is diverting customers away from smaller late plate cars - as CAP originally predicted - some of which are therefore not performing as strongly as the year goes on," the company said.
"Looking ahead to the coming weeks and months there are no signs of significant volume returning anytime soon. With most car buying activity currently focused on the used sector we therefore anticipate a similar picture over the next few months," added Mark Bulmer of Black Book.
Recent figures from Glass's and the British Car Auctions organisation have suggested average used car prices will be higher by the end of 20009 than they were in the final months of last year, when the economic crisis caused a major slump in sales of used cars.
More from Motoring
Car Sales Slowing but Creditplus Car Finance Continues to Grow
Sep 2 2010Throughout the last 12 months, Britain’s car market has exceeded their expected sales, having 12 successive monthly rises since 2009.
More from Financial and Loan Motoring
Fords Explorer launch in 2011
Aug 29 2010Ford has been pretty active in coming out with new models and the good news is that the market has also been responding positively to these models with many consumers buying them outright or through some car finance or car loan scheme.
The Range Rover Evoque
Aug 28 2010The Range Rover Evoque is a very cute and compact SUV and though not many details are clear, it will feature a 2.
Honda’s hybrid introductions
Aug 28 2010Honda in keeping with the consumer shift in sentiment towards smaller cars and particularly hybrid varieties has indicated that it will introduce many models that will focus on speed, lower CO2 emissions as well as affordability.
Honda’s hybrid introductions
Aug 28 2010Honda in keeping with the consumer shift in sentiment towards smaller cars and particularly hybrid varieties has indicated that it will introduce many models that will focus on speed, lower CO2 emissions as well as affordability.
Toyota’s new legal problems
Aug 27 2010Well, what can one say? If a reputed car maker like Toyota which has been setting benchmarks in safety, environment consciousness and high quality is facing so many problems regarding its vehicles, then one shudders what is in store for lesser mortals.
Audi’s phase out of the RS6
Aug 27 2010Though it is now clear that the Audi RS6 is on its way out and this car has had its fair share with many consumers buying it taking advantage of the various car finance credit plans in operation at those times.
Car finance when you are bankrupt
Aug 24 2010It is indeed difficult to pick up the pieces post bankruptcy and your credit history is the one that is hit the greatest.
More from Motoring TOYOTA Financial and Loan
Peugeot’s 508
Aug 23 2010The details about Peugeot 508 have been now officially released and many marketing as well as car experts are touting this vehicle to be absolutely superb with typical French exterior styling.
Nissan facing a marketing battle
Aug 23 2010Turf wars and one-upmanship is quite common in the extremely competitive auto industry and we have had a number of heated marketing battles involving some top brands.
