Second-hand car prices surge amid new car shortage
Some used car models are growing in value despite getting older, research by the motoring group suggests. …
Mike Hawes, SMMT chief executive, said that while a buoyant used-car market was “important, as strong residual values support new car transactions”, it was “critical we have a healthy new car market to help accelerate fleet renewal by allowing motorists to replace older, less efficient vehicles with the latest, cleanest models”.
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