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Extended delivery times shift almost a third of new car buyers to used market

Extended delivery times shift almost a third of new car buyers to used market
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'Unprecedented 'used car demand drives 6.7% May value increase


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Used car prices have risen by 6.7% during May as “amazingly strong” demand resulted in “unprecedented times” for the sector.
That is the appraisal of Cap HPI head of valuations, Derren Martin, in his latest market outlook report, which detailed a rise in the average value of a vehicle of £800 this month.
And Martin has urged retailers to re-price their stock in order to maximise profitability as stock shortages threaten to deliver a sting in the tail .
Last week Martin said he had seen prices go “through the roof” with the market-wide used car values rise set to continue – potentially with another rise of over 6% in June. ....

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