Latest Channel 4 News:
Row over Malaysian state's coins
'Four shot at abandoned mine shaft'
Rain fails to stop Moscow wildfires
Cancer blow for identical twins
Need for Afghan progress 'signs'

Used cars sales collapse

By Ben King

Updated on 17 December 2008

Ben King reports on how the second hand car market is suffering. A glut of vehicles in showrooms means prices have been slashed.

The car industry is in dire straits, sales of new vehicles fell by a colossal 37 per cent last month. But the crisis has also fed through to used cars as well.

Fears about taxes, fuel prices and falling consumer demand have seen prices slump.

That's good news if you're a cash buyer for a new car, but the collapse of the used car market is making life harder for the new car market.

Send this article by email

More on this story

Channel 4 is not responsible for the content of external websites.


Watch the Latest Channel 4 News

Watch Channel 4 News when you want

Latest Business & Money news

More News blogs

View RSS feed

Faisal Islam on Twitter

How to tweet

How and why to follow the Channel 4 News family on Twitter.

Most watched

image

Find out which reports and videos are getting people clicking online.




Channel 4 © 2010. Channel 4 is not responsible for the content of external websites.