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Are used car prices about to spiral down?

CAP – the used car price specialists – are warning that used car prices, particularly ’almost’ new car prices, are set to tumble as nearly new cars hit the market. The car market in the UK has proved amazingly resilient to the general malaise in the economy, with new car sales continuing to rise strongly and used cars seemingly immune to big depreciation drops. But CAP – who gauge used car prices for the motor trade – are warning that this could be about to change as the impact of recent trading in new cars is about to start impacting on used car prices, particularly prices for cars less than a year old.

BMW M750d & M650d on the way

BMW M650d & M750d on the way BMW are planning to offer the new tri-turbo diesel from the new M550d in the 6 Series and new 7 Series. Paris launch likely. The BMW M Division range of cars – the power of ‘M’ with the frugality of diesel – officially arrived at this year’s Geneva Motor Show, offering performance almost on a par with BMW’s M cars but with the joy of frugality when you aren’t in the mood to drive like your hair’s on fire.

USED CAR BUYER CONFIDENCE “UNLIKELY TO IMPROVE” IN 2011 SAYS RAC

USED CAR buyer confidence is unlikely to improve significantly in 2011, meaning that demand for safety net products such as extended warranties will remain strong, says RAC Warranty. The company points out that at the end of 2010, used car warranties are still being enhanced – by both length of time and depth of cover – at around the same rates as during the worst parts of the recession, indicating that the mood of consumers remains cautious. Ian Simpson, sales and marketing director, said: “Next year, the measures that the coalition Government has undertaken to reduce public spending will really start to bite and that will have a definite impact on general confidence.