Used car prices

can rise and fall for various reasons:

Historically, the cheapest time to buy a used car would be in February or August. The reason for this is that these are the months when new models are released. The new cars come out and as such the older cars lose their value.

Another reason for varying used car prices is the amount of consumer spending at the time. When consumer spending slows the car manufacturers have to take action in order to maintain their sales figures. They typically do this by cutting car prices so that consumers are inclined to buy.

More recently, cuts in used car prices were made due to UK consumers being made aware of the lower prices across the rest of Europe. Although this is caused by varying tax rates UK buyers do not want to be paying excessively more than their counterparts in the EU.

The Culture of Car buying in the UK has also changed. Whereas before buyers were more inclined to buy from the first dealer they visited, now they are asking, what are the lowest used car prices I can get. They will shop around for a bargain until they find something of real value. This has caused much competition between various parties with used car prices falling as a result.

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