Industry group predicts used car prices will fall

Motorists who like to buy second-hand autos and then spruce them up may be pleased to hear one industry group expects used car prices to fall in the coming months.

Glass's has predicted drivers purchasing older models will benefit from a drop of between two and four per cent.

It pointed out prices have already started to stabilise and they are likely to start decreasing in the final quarter of 2009.

Although the drop will not counteract rises of 30 per cent seen on some models in the last 12 months, the group claimed it would still probably be welcomed by motorists in the market for second-hand vehicles.

Managing editor Adrian Rushmore commented: "The balance of power may be starting to shift from seller to buyer."

He continued: "The market is not set to destabilise, but there is now the threat of price falls for the first time this year."

Meanwhile, drivers who like to personalise their used autos may find they can secure a good deal on modified car insurance online.

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