Used car prices RISE in February - but can it continue?
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- Опубликовано: 16 июл 2024
- For the first time in nearly a year, used car prices have seen an uptick, marking a significant turnaround from the declining trend observed at the end of 2023. In this exclusive interview, Cap HPI’s valuations director, Derren Martin, delves into the February 2024 data showing a 0.7% increase in prices for three-year-old cars.
Chatting to Car Dealer editor James Baggot, Martin explains the factors driving this change, including dealer strategies and reveals his market predictions for the coming months.
Martin also shares insights on the overall stability of the used car market and what consumers and dealers can expect in the coming months. For the latest on used car pricing subscribe to our channel for monthly interviews with Cap HPI. 
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It's not just a minor increase; it's like car prices are on a rocket to the moon in 2024. Makes buying a new car quite a financial puzzle. More like a mortgage payment and not being able to use loan
Tell me about it. I was thinking of upgrading my ride, but the prices have me reevaluating my choices.
I feel your struggle. One thing that's helped some folks is consulting a finance expert. They can help navigate the financial maze and find smart ways to deal with the rise in car prices.
I am 52 and from texas, i have been investing with Nathan Travis Cook and i have made a gross income of 1.2 million since i have started and paid off my debt. Would begin investing in real estate soon
I am 52 and from texas, i have been investing with Nathan Travis Cook and i have made a gross income of 1.2 million since i have started and paid off my debt. Would begin investing in Vintage cars soon.
I know of his expertise, i have seen a return on investment averaging 18% over the past year. Even with crazy car prices, we've managed to make smart financial moves.
Prices always recover slightly going into Spring! Don't see it as a sign of the market has 'bottomed out' or is 'on the rise again' Too early to say IMO
My diesel Disco sport is showing a £14k drop (AT) since purchase in later April 23 so not feeling very posttive
You should also quote volumes as percentages only tell half the story
Everything is going up. Not just cars. Rent! Food. Everything. Not going down fellas good luck
Thanks guys
Is he talking about trade prices? The cars I've been viewing on auto trader have all dropped in the last month. I'm only looking at the cars I like not the whole market,
Yes these are trade prices
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What a waste of time speculating and conversations on 1% changes in price.
🤔 - Just waiting to call “house” - as this sounds like a Bingo card report 🤣. 👍