Are car prices in the UK about to go up?
I'd normally be looking to trade in my car for a new one in about a year's time when it's three years old. I've heard that UK car prices could rise by as much as 20 per cent this year due to Sterling/Euro exchange rates. If that's right I might consider trading in now to beat these price rises. Does this sound right to you? I'd be looking to buy a BMW 3 Series/Mercedes-Benz C-Class or similar.
Asked on 8 September 2010 by forest59
![](http://images.honestjohn.co.uk/imagecache/file/pad/120x120/media/10703007/dan-h-polaroid.jpg)
Although easing slightly now, Sterling as been at record levels against the Euro for the past 18 months or so and it has pushed car prices up - significantly in some cases (like Ford's): www.honestjohn.co.uk/news/buying-and-selling/2009-...e, www.honestjohn.co.uk/news/buying-and-selling/2010-...s
As for the future - who knows? Car prices have been falling slowly, but a change in the economic situation could force them back the other way. One factor that may push prices up is VAT, which rises to 20 per cent on 1 January. Many people buying now will face that increase, as some waiting lists are in excess of six months. www.honestjohn.co.uk/news/buying-and-selling/2010-...e
As for the future - who knows? Car prices have been falling slowly, but a change in the economic situation could force them back the other way. One factor that may push prices up is VAT, which rises to 20 per cent on 1 January. Many people buying now will face that increase, as some waiting lists are in excess of six months. www.honestjohn.co.uk/news/buying-and-selling/2010-...e
Tags:
car prices
Similar questions
![](http://images.honestjohn.co.uk/imagecache/file/pad/75x75/media/10703009/david-polaroid.jpg)
When do you think second hand prices of petrol and diesel cars will get back to the historical norm when a car lost 50% of its value in the first three years?
![](http://images.honestjohn.co.uk/imagecache/file/pad/75x75/media/10703035/dan-p-polaroid.jpg)
Are car second-hand car prices likely to fall anytime soon ?