Residual values remain unaffected by Iraq war

THE war in Iraq had no effect on residual values, according Glass's Information Services.

Adrian Rushmore, managing editor at Glass's, said: 'The view was that the war had no appreciable impact on consumer buying patterns. The important fact is that year-to-date retail sales are slightly ahead.'

Glass's concurs with the Society of Motor Manufacturers and Traders and April edition of CAP Black Book which claimed used car values were holding firm, despite widespread fears of economic uncertainty, fuelled by the conflict in Iraq.