Sunday, July 29, 2007
Bad summer for used car prices says Glass's
PRICES FOR the majority of mass market 3-year-old cars have been falling at an above average rate in recent months, according to EurotaxGlass's.
Prices fell by over 3% in both April and May. This drop was followed by a 2.5% decrease in June.
The SUV sector has continued to suffer to a greater extent, with 3- to 5-year-old mainstream models being under the greatest pressure.
"A downturn in used car sales activity during the summer months is normal," said Adrian Rushmore, managing editor at EurotaxGlass's, "but price movements over recent months have generally been slightly more severe than those of the same period in 2006.
DATED: 29.07.07
FEED: AW
Prices fell by over 3% in both April and May. This drop was followed by a 2.5% decrease in June.
The SUV sector has continued to suffer to a greater extent, with 3- to 5-year-old mainstream models being under the greatest pressure.
"A downturn in used car sales activity during the summer months is normal," said Adrian Rushmore, managing editor at EurotaxGlass's, "but price movements over recent months have generally been slightly more severe than those of the same period in 2006.
DATED: 29.07.07
FEED: AW
