Thursday, February 08, 2007
Used car prices differ by up to 14% across
UK SECOND-HAND cars command a higher asking price in the south east of England than anywhere else.
A new study by EurotaxGlass's of almost 200,000 used cars offered for sale throughout the UK via Auto Trader, has found that the average asking price of a second-hand car in the SE is £10,400. That is 14% more than in the north east, the area with the lowest recorded regional average, at £8,900. The study was carried-out in the final quarter of 2006.
Scotland commanded the second highest average used car price, at £10,000. The third highest ranking region fluctuated during the quarter between the north west, midlands and Wales, with the north west fractionally higher in most weeks. The average in the north west over the period was £9,700 - 7% lower than in the south east.
"Variations in average asking prices can partly be attributed to the uneven distribution of cars by market sector in different parts of the UK," said Adrian Rushmore, managing editor at EurotaxGlass's. "In the north east the proportion of smaller, more affordable vehicles such as superminis represents around 26% of the total in the region - higher than anywhere else in the country. At the other end of the price spectrum, higher-priced luxury saloons, sports cars and convertibles are available in proportionately much greater quantities within the south east."
DATED: 08.02.07
FEED: AW
A new study by EurotaxGlass's of almost 200,000 used cars offered for sale throughout the UK via Auto Trader, has found that the average asking price of a second-hand car in the SE is £10,400. That is 14% more than in the north east, the area with the lowest recorded regional average, at £8,900. The study was carried-out in the final quarter of 2006.
Scotland commanded the second highest average used car price, at £10,000. The third highest ranking region fluctuated during the quarter between the north west, midlands and Wales, with the north west fractionally higher in most weeks. The average in the north west over the period was £9,700 - 7% lower than in the south east.
"Variations in average asking prices can partly be attributed to the uneven distribution of cars by market sector in different parts of the UK," said Adrian Rushmore, managing editor at EurotaxGlass's. "In the north east the proportion of smaller, more affordable vehicles such as superminis represents around 26% of the total in the region - higher than anywhere else in the country. At the other end of the price spectrum, higher-priced luxury saloons, sports cars and convertibles are available in proportionately much greater quantities within the south east."
DATED: 08.02.07
FEED: AW
