Motorists in Britain are experiencing an ‘unprecedented’ rise in the price of used car sales, invoking memories of the late 1980s boom – with vehicles fetching up to £6,000 more than they did only eight months ago.
But if any modern-day Boycie is expecting to flog an old banger nowadays, they can think again – with trading today more focused on newer and upmarket models, many of which fit a criteria of eco-friendly targets.
Used car prices have shot up by more than 30 per cent over the last eight months, meaning a car bought for £20,000 in spring is now worth £26,000, with the Mercedes A-Class and Audi A1 among the top ten most popular.
Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.