Used-car market boost by increases

New used-car owners could have been left searching for

Motor auction house Manheim Remarketing revealed that average car values rose by £77 to £6,813 during the month, which represented a recovery after the 0.7% drop in September.

While this is good news for the motoring market, consumers might be left counting the costs as used-car owners have to fork out for other expenses such asbreakdown cover, as well ascar insurance.

All three vehicle sectors were boosted by October's figures, with average fleet values rising by 1.7% to £6,036, part-exchange values climbing by 0.5% to £2,231 and manufacturer stock increased by 1.1% to £12,188.

But despite the recent upturn in fortunes, average prices are still 5.2% lower than they were at the start of this year.

The fleet sector saw a significant increase in the value of superminis, up 9.2% (£299) to £3,535, while 4x4s rose 6.7% (£784) to £12,427.

Large family and executive cars showed the strongest recovery in dealer part exchange prices, up by 6.1% (£103) and 7.5% (£236) respectively, while small hatchbacks were the big winner in manufacturer stock values with an increase of 6.4% (£523).

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