Will the price of used cars drop this year?

Will second hand cars drop in price this year?

Asked on 15 January 2024 by John Byrne

Answered by David Ross
Predicting the price of used cars is far from straightforward, as there are many factors involved as well as the used car market being affected by unpredictable world events such as wars, economic turbulence and natural events. There is nothing to suggest that there will be a significant drop in used car prices this year at this stage.
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