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Price goes up for second hand cars

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Price goes up for second hand cars

By: James Williams | Business News | Wednesday September 5 2012 10:44

 

Second hand car prices are up.

Turners Auctions half yearly sales data shows people are paying up to 15 percent more compared with the same time last year.

It says the average price of used vehicles has risen sharply with cars sporting mid-sized engines subject to the greatest increases.

Turners' chief operating officer Todd Hunter says the new regulations around the age of imported vehicles are certainly having an impact on vehicle cost.

He also believes an increase in the number of late model ex-rental vehicles being sold at auction has helped to push up prices.

Photo: stock.xchng

 

Related Subjects

vehicle | Car price |

 

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