Automotive Industry
Industry: Email Alert RSS FeedLate-model cars put used prices under pressure.
Automotive News Europe, December, 2001 by Snyder, Jesse
Used-car prices are falling across western Europe as supplies of two- and three-year-old vehicles saturate the resale market.
Average retail prices for low-mileage, two-year-old cars are down 0.3 percent from a year ealier. Prices of high-mileage, three-year-old cars are 1.3 percent lower than a year earlier.
These are the latest results from EurotaxGlass's retail residual value index, produced by eurocarprice.com in Thame, England.
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Eurocarprice.com compiles the index quarterly using EurotaxGlass's used-car transaction data for 40 car models in 13 western European ...
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