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News out today reports that the ‘banger market is booming’ according to leading motor trade organisation Glass’s.
Despite a rise in the purchase of newer cars due to lower PCP deals, Glass’s reports that the banger market is continuing to flourish with values and volumes of sales steadily rising.
Rupert Pontin, head of valuations at Glass’s reports that since the start of 2013, the number of cars over 10.5 years old being sold at auction has increased by approximately 50% due to large numbers of buyers selling their old bangers in favour of low-cost new and used car PCP deals.
This has caused prices of used cars to increase substantially, with the average 10.5 year plus car rising from £725 in June 2013, to £875 in June this year, ensuring the banger market remains in excellent health.
Pontin cites the reason for the increase as partly down to the quality of older cars on sale improving all he time. He said; “We see many bangers going through auction in excellent condition at very reasonable prices and, for many people, they make extremely sensible purchases.
“It is very much a case of ‘The banger is dead. Long live the banger!’”
At Trusted Dealers, whilst we don’t have a heap of old bangers to sell, we’ve got a wide selection of used cars under £2,000 ready to be snapped up. In celebration of the banger, we’ve listed a few of our latest bargains available to buy today, so why not check them out!
The Citroen C3 is an excellent city car that’s cheap to buy and cheap to run, yet is neither lacking in comfort or refinement. In fact, if you’re looking for a used car with distinctive looks, a reliable badge and decent fuel economy, it is an excellent choice. This week we have a grey 2006 plate Citroen C3 1.4i Desire for sale at just £2,000. Fuel economy is impressive at 46.3mpg and with an insurance group rating of 6, you’ll pay a low £145 in road tax. An excellent chance to grab a great deal – call 0113 427 0323 for further information.
Fancy a supermini at a super price? The latest 53 plate green Skoda Fabia 1.4 Comfort on sale with Trusted Dealers offers drivers an excellent deal on sale for just £2,000. The Fabia has the benefit of offering buyers a whole lot more car for your cash than other rivals. Furthermore, it’s a good drive and is solidly built, sharing engine qualities with the popular Volkswagen Polo. So, don’t be a badge snob – pick up this excellent deal today by calling 012223 459 063 for further information.
The Ford Focus Edge was the best in its class to drive at the time of release, and 10 years on, it still offers buyers an excellent deal. The Focus pretty much has it all, and even though it was built in 2005, this green 54 plate Focus 1.8l offers impressive fuel economy of 37.2mpg, low mileage of just 45,654 miles. Reduced from £2,195, here is a chance to grab a bargain by contacting 01752 948 377 today.
Last but definitely not least on our choice of used cars under £2,000 is the iconic Rover 45 Club. This current 2005 green 1.4 petrol hatchback is on sale for just £1,695 and offers buyers low mileage of just 46,313 coupled with a reliable and well performing petrol engine. Fuel economy is decent at 40.3mpg and features include air conditioning which is rare on a 10 year old car. For more information, call 01724 781 391.