One in five nearly-new cars are now selling at more than their brand-new equivalents, as disruption to supply chains continues to push used cars to record values.
The closure of forecourts because of Covid and an ongoing shortage of semiconductors are the main forces behind a major mismatch of supply and demand, which has been worsening over the last few months. The average price of a used car on Auto Trader’s marketplace has increased 29% over the last year, according to its latest figures. Average prices are up more than £4,200 in just six months.
