Fleet News

Used price fall

USED car prices are continuing to fall in the UK with a 2.2% decline in the year to October, according to EurotaxGlass's European Fleet Index.

However, residual values in the UK are still 2% higher than the Euro currency zone average. The latest report from EurotaxGlass's confirmed the decline over the last 12 months, but also showed a 3.6% fall from August to October compared to the previous quarter – below the European average.

Average residual values of all three-year-old cars in the 12 European cars measured by the index have fallen by 0.1% compared to 12 months ago, but the overall European trend in the three months to October 2003 was a rise of 0.4%.

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