City car values continue to decline
Written by: Rachel Limbert
So how are used car values performing in the City Car sector this year? Well, in keeping with last year’s pattern at both 1 and 3 years old, values have performed relatively strongly up until May and have now started to see a steady decline.
In percentage terms, drops in values of City Cars have been heavier than most other sectors of the market, however it is important to note that these vehicles tend to be of a lower overall value. So the actual value of movements has not been particularly high.
The main influences on the prices of these smaller cars has been increased volumes and downward pressure from new car prices. Let’s take a look: