Values of the used cars reached a stable point after going through a turbulent twelve months.  According to CAP’s Black Book Guide, which is regarded as a benchmark for pricing in this market sector, January to April has set upturn after sustained negativity in the year 2008.

The organisation said that the trade prices have “clawed back” some of their lost value and returned to levels last seen in last November. It cited a shortage of stock as one of the main reasons for the period of stability.

Stockturn has also seen considerable improvements, typically reducing from 90-45 days, CAP explained. “It is now noticeable that those franchise dealers who are not constrained by manufacturer standards rules are routinely displaying multiple brands on the forecourt”.

The body generates statistics by using the figures from 1.5 million motor industry transactions that make place every year.  After a long time of instability, now more efforts are being made to save on car insurance also by most of the motorists.

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