Strong demand drives up city car values in UK
Prices for used vehicles in the city car segment in the UK increased by 1.3% in August, for vehicles at the three-year, 60,000-mile mark, report automotive data experts cap phi.
The increase, due to strong demand, saw increases of 3% for the Skoda Citygo (12- ) and Hyundai I10 (14- ). The Toyota iQ (09-15) rose 2.9% and the Peugeot 108 (14- ) increased 2.1 %.
“The city car sector is dominated by petrol derivatives and the lower volumes of nearly new vehicles witnessed this year have been a significant factor in their performance”, says James Dower (pictured), senior editor of Black Book at cap hpi.
Image: cap hpi