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Half of all used cars go wrong ‘within a month’

With over seven million secondhand cars purchased in 2012, you’d expect one or two to develop a problem soon after purchase. But rather shockingly, as many as half of all used cars sold develop faults within a month of changing hands. That’s according to a report by the Citizens Advice Bureau, which helped with over 84,000 problems with secondhand motors in the past 12 months.

SEASONAL PRESSURES SEE MARKET SLOW IN JULY

AUCTION house BCA’s latest Pulse report shows that demand for older, lower value dealer part-exchange cars improved in July, but the fleet and lease sector has experienced more price pressure. The headline average used car value declined in July, as would typically be expected at the onset of the summer holiday months. Values across the board fell to £5,633 down from the £5,662 recorded in June – a £29 decrease that was equivalent to 0.5% fall.

McLaren employees killed in crash

TWO MCLAREN EMPLOYEES were killed when the sports car they were travelling in crashed near to the Formula 1 giant's technology centre. The staff members, who were in a blue Subaru Impreza, were pronounced dead at the scene following a collision with a Ford Transit van on the A320 in Ottershaw, Surrey, at 12.10pm yesterday. A man in his 60s who was driving the van was taken to St George's Hospital in Tooting with serious injuries, Surrey Police said.