The United Kingdom’s AA Cars said used car prices are increasing at “unprecedented rates,” according to the BBC news. “Research by the motoring group suggests the price of the U.K.’s most popular cars have increased up to 57% since 2019. Three to five-year-old Ford Fiestas, the most popular on its AA Cars website, were now valued at £9,770 (~CA$16,627) compared to £7,448 (~CA$12,675) two years ago,” said the BBC. (Source: BBC) Read the original story…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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