Used car prices are falling quicker online reports Autoquake.com
Autoquake.com, one of the UK’s leading used car auction sites selling ex-fleet cars, has announced that according to their figures, that used car prices are falling faster online than on dealer forecourts. A car which would have sold for £10,000 on Autoquake.com a month ago is now typically listed at £9,312.
Fredrik Skantze, Autoquake.com’s Co-founder said “After months of rising prices, we’re seeing signs that the used car bubble has burst. Values at auction have begun to slide and our prices are lower than they were a month ago”.
One thing is for sure, when you a buy a car rather than contract hire, you are liable for all the used car depreciation. So before you buy it is worth considering car leasing as an option.
The top ten Autoquake.com average percentage prices reductions last month are below.
| Model |
Avg. % reduction |
Average of Reduction |
| RENAULT LAGUNA |
14.8% |
£532 |
| VAUXHALL VECTRA |
13.9% |
£645 |
| RENAULT MEGANE SCENIC |
12.6% |
£664 |
| RENAULT MEGANE |
12.5% |
£620 |
| VOLKSWAGEN GOLF PLUS |
12.1% |
£907 |
| SAAB 9-3 |
11.8% |
£1,151 |
| TOYOTA COROLLA |
11.7% |
£ 840 |
| NISSAN NOTE |
11.1% |
£636 |
| VAUXHALL MERIVA |
10.9% |
£570 |
| AUDI A3 |
10.6% |
£1,130 |
Tags: audi, autoquake.com, cars, contract, depreciation, hire, leasing, nissan, renault, saab, toyota, used, vauxhall, Volkswagen