Average age of used cars 'rising'

Second hand cars going under the hammer during the economic meltdown were older and had higher mileage, new figures have shown.

According to leading vehicle remarketing firm British Car Auctions (BCA), half-year values for 2010 were lower in comparison with those in the second half of 2009, but were higher by 3.5% than the same period last year.

The auction specialist said the rise in the average age of vehicles is largely due to the declining number of new cars sold over the past two years.

Meanwhile, the Government's "cash for bangers" car-scrappage scheme - under which many of the new vehicles went back into private buyers' hands - also led to the rise, BCA added.

An older used car with a higher mileage may require adequate breakdown cover, due to its worn out condition.

BCA said: "This may become a fact of life for the used cars market over the next two or three years, as the available car parc becomes 'older', due to the lower numbers of new cars being sold."

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