A shortage in supply of used cars is causing their prices to rise rather than fall, according to an industry research company. It says the government scrappage scheme is contributing to the shortage in supply.
Second-hand cars are gaining rather than depreciating in value due to a shortage in supply, an industry-wide research company has found.
CAP Motor Research Ltd, which provides valuation data to the car industry, said the usual 15%-a-year depreciation of used car prices has been reversed.
