Are Used Car Prices Going UP?

I've been adding real-time listing of cars for sale on eBay to carbuyersinfo.

Used car prices definitely seem a lot stronger than they were this past winter and supply seems a bit short.

I suppose it makes sense. If car sales have been down since the winter of 2007 there must be less near new cars for sale from rental companies and less part-exchanges from retail customers. Plus the scrappage scheme means anything is worth at least £2,000. The fact they really are being scrapped means less supply.

So less supply means prices will go up if the demand is there.

You'd think deeply discounted new cars would put a lid on used car prices rising. However the weak value of the pound has seen new car prices rise 3-times this year.

Food for thought. I wouldn't hold on in the hope cars will get cheaper.

Here's my latest real-time eBay listing.

Regards
Ralph