Used car market slows
The origins of the downturn in the used car market can be seen in a new Report published by BCA.
The BCA Used Car Market Report, now in its 18th year shows that used car volumes and values fell last year when the uncertain economy and rising household bills were only beginning to affect consumer confidence.
Annual used car volumes fell by 384,000 units to 7.1 million in 2007.
Despite this, UK motorists spent £33.3 Billion on used cars last year, down by £0.6 billion on 2006 but still the second highest figure ever recorded.
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One Comment
I must admit that the 70 limit on M-Ways is totally outdated, and assumes - as does the Highway Code with regard to stopping distances - that we all still drive Ford Anglias. EVO Magazine a few years ago tested the performance of an E-Type Jaguar from 1965 against a 1.6 Ford Focus. Crucially, and notwithstanding all of the pro-active crash protection in the Focus, the Ford stopped from 70mph in half the distance the Jag could.
Raising the limit to 80 in line with our European neighbours is sensible. We live in a world of “speed dating”, “next day delivery”, “high speed broadband”, “instant messaging”, yet personal mobility seems to be subject to slowing down.
Odd.