Top quality second hand cars are predicted to sell for high prices in the New Year as availability of stock dwindles.
According to CAP consumers looking to trade used vehicles with well maintained car parts can expect enthusiastic offers from dealers looking for fresh stock.
This is positive news for motorists following other figures from the CAP Used Car Price Index which revealed a fall in second hand car prices compared to last year in December.
Although three year old cars in most sectors have been trading at lower prices this year than their exact equivalents a year before, this gap has reduced in recent months.
“The New Year will be a good time to trade in a high quality used car,” said Mike Hind, CAP spokesman.
“Our research shows that dealers are currently paying very strong prices to keep their stock levels up and that is unlikely to change any time soon.”
In September the market was 6.6 percent lower than last year, while December stands at just 4 percent lower indicating the market has taken a step forward.
The typical small family car now trades at around five percent less than last December and a large family car at just 4.1 percent lower.
The 4×4s however continue their high performance to end the year with the average second hand model worth almost 10 percent more than in December 2009.
Second Hand Car Parts
If you are looking to sell your car and could do with getting as much money for it as possible it may be worth giving it a bit of a makeover before offering it to traders.
You can buy new or second hand spare parts to replace old or worn ones online for affordable prices which will give your motor an instant lift.
Filed in: Car Regulatory News, Car parts News


