Used car prices at historic low
Wednesday, 16 February 2005
Used cars have reached “historic” levels of affordability after the average price fell below a fifth of the annual gross wage, research by Cap has claimed.

An ongoing slide in used car values has been caused by an oversupply of new cars putting downward pressure on used car prices. Cap said that in 1997 the average used car value was over 28 per cent of the national average wage and it now stands at just under 20 per cent.
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