The overall average age and mileage of used cars going under the hammer has risen during the recession and car values have recovered significantly, new figures have shown.
A report by vehicle auction company BCA found that half-year used car values for 2010 increased by 3.5% year-on-year.
As fewer new cars were sold during the past two years, the average age of vehicles is rising. Many of the new vehicles that were sold went to private buyers backed by the scrappage scheme.
"This may become a fact of life for the used market over the next two or three years, as the available car park becomes 'older', due to the lower numbers of new cars being sold," said BCA.
© Press Association 2010