Used car sales in trouble?
Posted on April 6th, 2008 by Michael
Used car sales have fallen during the year of 2007 however despite this cars aged 5 years or older did see an increase in sales. Cars aged between 5 and 7 years saw an increase of 3.3% which was more than any age group.
It seems as though this increase could be due to the fact that banks are increasingly rejecting loan applications and also that cars of this particular age are generally cheap.
Sales for used SUV, MPV and sports cars have also increased with older models in these categories doing particularly well. Toyota Celica was the most popular selling sports car as its 6 to 7 year old models saw the biggest growth.
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