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Used hybrid Cars for sale
Lex, the UK’s largest vehicle leasing
company today announced results of its analysis into the used car market
by revealing that until another area of the UK introduces a congestion
charge policy, the south east will be the most profitable area to sell a
hybrid into the second hand market.
Lex believes that London’s congestion
charge will continue to have a distorting impact on the used vehicle
market in the south east, encouraging fleets and dealers to move hybrids
and smaller cars in a bid to maximise used values.
Lex is also predicting that some south
east based vendors may even consider moving their higher powered petrol
engined cars above 2.0 litres to other geographic areas for disposal to
speed up sale times.
And analysis undertaken by the UK’s
leading leasing company has shown that used market trends will continue
to shift over the next two or three years.
“The impending Vehicle Excise duty
changes next year will place further cost constraints on consumers to
discourage them from purchasing high emitting, less fuel efficient
vehicles,” explained Andy Hartley, Director Vehicle Pricing, Procurement
and Remarketing.
“As the availability of credit
continues to reduce, some consumers who previously bought a new vehicle,
will be forced to enter the used market instead, increasing prices and
demand,” he added.
However, Andy Hartley sees this being
countered by the continued increase in vehicle running costs, with fuel
prices increasing by almost 20% in the past year adding considerably to
the vehicle cost of ownership and forcing consumers to reassess their
choices to meet their budget.
Andy Hartley comments;“A typical
ex-fleet three year-old family vehicle now costs a consumer as much to
run the vehicle for three years as it will to acquire when taking into
account fuel, insurance, excise duty and servicing. Used buyers are
currently looking to buy predominantly smaller used diesel vehicles.
Andy Hartley continues; “However, if
the diesel/petrol price gap continues used buyers will question whether
they travel enough miles to justify a diesel car and an extra 10p per
litre, when some of the modern petrol engines return in excess of
40mpg,” he added.
Used hybrid Cars
for sale
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