Used car values rose by 0.4 per cent in July driven by strong demand a shortage of stock, new figures show.
Data from Cap HPI showed the small increase in used values, at the three-year and 60,000-mile point, in July was the first upward movement in the month since 2009 and followed an even stronger June.
Average values at the one-year point stayed level and vehicles younger than this dropped very slightly. At all other ages, there has been a small, positive movement, said the firm.
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.