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| Fall in used Rover prices |
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Privately advertised used Rover prices have fallen by up to £313, slashing an average 7 per cent off the asking price.
This information comes from used car database, Cardata.co.uk, which also reports that April also saw a 4 per cent increase in the number of Rovers being offered for sale in the classifieds.
Analysis by Cardata.co.uk shows the asking price of Rovers has been on a rapid downward spiral. A more realistic pricing culture has seen values fall by almost a third in the past twelve months. Older models, like the Rover 220, have witnessed dramatic drops - some by as much as 16% - in the past few weeks alone as sellers struggle to find a buyer.
With the increasing choice of Rover's now flooding the market, this downward trend is inevitable, says Andrew Sobell of Cardata.
"It really is a buyer's market out there at the moment. If you hunt carefully, there are some great bargains to be had, especially with people trying to sell newer models which no longer have the safety of a manufacturer backed warranty."
He added: "Those concerned over parts supply needn't worry, given the huge parc of Rover vehicles on the market. Similarly, aftermarket warranties can be purchased for peace of mind from independent insurers for those picking up 3 year or younger vehicles." |
