car news headlines
Used car values dropped again in October but the rate is slowing, a report suggests.
The monthly figures released by British Car Auctions (BCA) show that used car prices fell to £4,743 - down £69 - despite a small rise in September.
It means a fourth consecutive month of average auction values at lower than £5,000, and secured Car Loans customers may therefore find more affordable deals as they scour the market for their next used vehicle.
BCA's Tony Gannon said that despite the difficult economic conditions, some operators were continuing to perform well.
"Feedback from our auction buyers suggests that retailers selling affordable budget stock are finding a steady demand from retail customers," he explained.
According to the Automotive Technician Accreditation (ATA), owners can maintain the safety and resale value of their current used cars by having them regularly serviced and keeping the vehicles in good working order.
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