stevirobbo
New member
Found the following information and thought I would post it for you because if you are thinking of selling your car I would hold on to it for a little while until prices go up a little .OR go to Belgium
British used car values dropping faster than European average
26.02.01 - The average British motorist’s used car is worth 6.5 per cent less than it was 12 months ago according to the latest EurotaxGlass’s European Used Car Residual Price Index. The Index, which tracks second hand car values in 13 European countries, saw European second hand values fall on average by 2.3 per cent in 2000.
However, the overall index shows that mainly due to the strength of Sterling, the UK still has the highest overall residual prices, closely followed by Portugal. Belgium continues to have the lowest residual prices in Europe.
Commenting on the Index Paul Jarvis, managing director of Glass’s Information Services in the UK said: ‘The changes in the UK are linked to many factors such as availability, customer demand and time of year’.
God help us when we go into the euro !!
British used car values dropping faster than European average
26.02.01 - The average British motorist’s used car is worth 6.5 per cent less than it was 12 months ago according to the latest EurotaxGlass’s European Used Car Residual Price Index. The Index, which tracks second hand car values in 13 European countries, saw European second hand values fall on average by 2.3 per cent in 2000.
However, the overall index shows that mainly due to the strength of Sterling, the UK still has the highest overall residual prices, closely followed by Portugal. Belgium continues to have the lowest residual prices in Europe.
Commenting on the Index Paul Jarvis, managing director of Glass’s Information Services in the UK said: ‘The changes in the UK are linked to many factors such as availability, customer demand and time of year’.
God help us when we go into the euro !!