- Van Insurance
- Temporary Vehicle Insurance
- Car Insurance
- Motorhome Insurance
- Motorcycle Insurance
- Home Insurance
- Fleet Insurance
- Tradesman Insurance
- Liability Insurance
- Business Insurance
- Get a Business Insurance Quote
- Shop Insurance
- Hairdressers Insurance
- Office Insurance
- Surgery Insurance
- Residential Property Owners
- Block of Flats
- Commercial Property Owners
- Motor Trade Insurance
- Contractors Combined
- Professional Indemnity
- Manufacturers Insurance
- Restaurants Insurance
- Engineering Insurance
- Distribution Insurance
- Transport Insurance
- Home Workers Insurance
- Warehouses Insurance
- Directors and Officers Insurance
- Commercial Combined
- Tools Insurance
- Minibus Insurance
- Caravan Insurance
- Life Insurance
Car insurance customers have been urged to consider buying a used car as prices drop, according to the publisher of a guide to used car values.
Prices have fallen steadily since October last year as the credit crunch hits and an average three-year-old car will depreciate £700 more in 2008 than it did in 2007, the company estimates.
Adrian Rushmore, managing editor at EurotaxGlass's, which publishes Glass's Guide to Car Values, said: "Consumers looking to buy a used car today are likely to be given the red carpet treatment. The balance of bargaining power has shifted in favour of the buyer."
He added that used car prices are predicted to fall by at least a further three per cent during May with dealers "trying to manage the oversupply of stock".
Glass's first published its guide to used car values in 1933 and has since expanded into the area of commercial vehicles.
Prices have fallen steadily since October last year as the credit crunch hits and an average three-year-old car will depreciate £700 more in 2008 than it did in 2007, the company estimates.
Adrian Rushmore, managing editor at EurotaxGlass's, which publishes Glass's Guide to Car Values, said: "Consumers looking to buy a used car today are likely to be given the red carpet treatment. The balance of bargaining power has shifted in favour of the buyer."
He added that used car prices are predicted to fall by at least a further three per cent during May with dealers "trying to manage the oversupply of stock".
Glass's first published its guide to used car values in 1933 and has since expanded into the area of commercial vehicles.
2008-04-24