car news headlines
The number of people spending their Car Loans on used models may not increase significantly over the coming months as the industry is going through a difficult period.
According to research by Experian, sales in used models have fallen by 2.4 per cent recently, marking the biggest decline since 2005.
Kirk Fletcher, managing director of Experian's automotive division, commented: "The recent media attention on high CO2 emissions and the imminent increases in the costs of running a car mean that it is highly likely consumers will continue to spend cautiously."
He went on to state that dealers were having to work extra hard to draw in customers who can see the value of buying a used model rather than a new one.
Meanwhile, auto industry analysts EurotaxGlass's recently claimed that used car residual values could be adversely affected by the chancellor's plans to ramp up vehicle excise duty costs on some models.
More from Motoring
Used car sellers told to be careful
Oct 7 2008People putting their used cars up for sale have been advised to ensure their number plates are not visible in their advertisements.
More from Motoring
Car finance news: Internet changing car-buying process
Sep 30 2008The way people buy cars is changing, as a growing number of people are being influenced by the internet when searching for new cars for sale, it has been claimed.
More from Motoring
Used car buyers warned about insurance write-offs
Sep 17 2008Car buyers have been advised not to be "taken in" by the appearance of a used car but to be wary of whether the vehicle is actually an insurance write-off.
More from Motoring
Car finance news: Aston Martin teams up with Bang & Olufsen
Sep 15 2008Aston Martin has announced a new partnership with Bang & Olufsen that will see a new audio system feature in the marque's DBS sports car.
More from Motoring
Used car values fall in August
Sep 8 2008Used car values continued to slide last month, according to the latest figures from British Car Auctions (BCA).
More from Motoring
Used car market has "underlying strength"
Sep 3 2008Although the used car market is experiencing a downturn, one expert has suggested that it is likely to recover.
More from Motoring
Used car valuations "difficult"
Aug 29 2008Being able to accurately value used cars is proving "difficult" given current market conditions, it has claimed.
More from Motoring
Used car values expected to fall
Aug 7 2008The government's proposals for changing the way vehicle excise duty (VED) is calculated could see used car values fall, according to one expert.
More from Motoring
More visitors view cars for sale at Motor Show
Aug 4 2008The number of people viewing the thousands of cars for sale and new vehicles on display at this year's British Motor Show is expected to be higher than two years ago, organisers have said.
More from Motoring
Tyre advice 'may aid car loan customers'
Aug 1 2008Car loan customers heading off on long summer motoring holidays could be surprised by new figures from the RAC Foundation on drivers' tyre knowledge.
More from Motoring
