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Used car prices set to fall

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With the recent prognosis for the economy being rather bleak used car prices have been forecast to drop off dramatically.

It has been reported that in the last quarter of 2011 used car values will drop by at least 6 per cent, possibly even as far as 10 per cent. So if you are thinking of selling your car in the next few months, it may be best to do it sooner rather that later.

The motor trade is reporting that there will be a stock shortage in September. Glass’s Guide says that the next few weeks will be the calm before the storm and we can expect dramatic falls across the board.

The general consensus seems to be if your thinking about selling your car do it now. Why not try wewantanycar.com for a free valuation.

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