Sales of second-hand cars fell sharply last year, industry figures show.
It’s reported that a shortage of parts following the pandemic meant fewer new cars were produced, resulting in people hanging on to their cars longer.
Some 6.9 million used cars changed hands in 2022, down from 7.5 million in 2021, according to the Society of Motor Manufacturers and Traders (SMMT).
However, it said the situation was starting to ease.
Autotrader figures show the average price of a used Fiat Panda was £5,765 in January – up 18.7 per cent compared to a year ago – while a Toyota Avensis cost £5,825 – up 17.9 per cent.
The price of a second-hand Suzuki Vitara was £14,786 – down 9 per cent – while a Skoda Yeti cost £9,893, down 9.4 per cent.