Second hand cars at their lowest price in 15 months

Second hand cars at their lowest price in 15 months

If you're looking to buy a used car, the time to do so is now, according to expert Matthew Tumbridge, as the prices of second hand cars are the lowest they have been since September 2011.

Currently in the UK, the average price for a used car is £8,540. This price dropped by 1.71% in December 2012. However, this does not mean that you should expect this sort of price in every part of the UK. The cheapest region to buy a second hand car is in south west England, where the average for a used vehicle is £6,951. Further up the country, and we see the current highest average prices in north east England, at £10,805.

Prices have dropped in most regions of the UK over the last few months. Scotland has seen used car prices drop by 6.2%, south west England by 6.31%, and East Anglia by 5.31%. However, some regions have seen prices rise. The average price for a used car in the West Midlands have risen by 6.45% (to £8,087), north east England by 2.59%, and the East Midlands by 1.59%.

With the economy in the south west straining compared to the north east, prices are sure to be low in that region for a while, so it would be best to shop around. You can find a car dealer in southern England using our dealers section here.

---

---