Nearly half of motorists (46%) could soon be eyeing a used car following substantial price falls, according to Startline’s latest monthly Used Car Tracker.
When told that used car prices have fallen by an average of almost 20% in the last year, 21% said that it would make them a lot more likely to buy and 25% a little, shows March’s Startline Used Car Tracker.
Paul Burgess, CEO at Startline Motor Finance, said: “Used car prices started rising quite dramatically thanks to stock shortages and high demand following the pandemic, and largely peaking sometime in early-mid 2023.
“However, since then,