Demand for used cars is likely to surge once the car scrappage scheme comes to an end, vehicle website Carsite has claimed.
The coming end to the initiative has seen the value of high-quality used cars rise to levels seen prior to the scheme's introduction, with the trade vale for vehicles worth between £4,000 and £6,000 rising by as much as £200 between February and March.
Carsite sales director Alistair Jeff said: "The scrappage scheme may be in the final stages but its effects will be long lasting. The market is still healthy with buyers but many are working with restricted finances.
"Cost-conscious consumers looking to invest in a quality vehicle within budget will find buying used a more accessible route. Demand for these value vehicles will increase but supply is still restricted and so prices in the sector will rise. We're looking at a new era for the second-hand market."
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