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Late-model cars put used prices under pressure.

Automotive News Europe,  December, 2001  by Snyder, Jesse

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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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