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Used car buyers may want to act quickly

Mon, 09 Mar 2009
Motorists looking at buying a used car may want to act quickly, if new figures are anything to go by.

The latest BCA Pulse report revealed average prices of second-hand vehicles are continuing to rise.

In February, typical values were £435 higher than in January and this is the fourth consecutive month during which the cost of buying a used car has risen.

Despite this, prices are still lower than this time in 2008, but the difference is getting smaller.

People buying a second-hand car in January 2009 were looking at paying an average of £650 less than 12 months earlier.

However, by February, this gap had shrunk to £282.

Tony Gannon, BCA communications director, stated: "There is now little doubt that used values are making a seasonal but possibly significant recovery from the low points of last year."

In other news, the same group recently revealed it would be selling a high-specification Bentley Continental on Tuesday March 10th.

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