News_Stig Posted May 16, 2005 Report Share Posted May 16, 2005 [ QUOTE ] Rover used prices tumble in private market Privately advertised used Rover prices have fallen by up to £313, slashing an average 7% off the asking price since the manufacturer closed its doors, according to used car database, Cardata.co.uk. The demise of Longbridge in mid-April also saw a 4% increase in the number of Rovers being offered for sale in the classifieds. Analysis by Cardata.co.uk shows the asking price of Rovers has been on a rapid downward spiral. A more realistic pricing culture has seen values fall by almost a third in the past twelve months. For example, the advertise price for the Rover 75 has plummeted an incredible 36%, dropping from an average of £10,883 to just £6,912 (e.g. an 02 Rover 75 1.8 SE Club with 34,000miles could be picked up for only £7,400). Over the same period, the Rover 25 has fallen 15% from £5,164 to £4,387. Older models, like the Rover 220, have witnessed dramatic drops – some by as much as 16% - in the past few weeks alone as sellers struggle to find a buyer. With the increasing choice of Rover’s now flooding the market, this downward trend is inevitable, says Andrew Sobell of Cardata. “It really is a buyer’s market out there at the moment. If you hunt carefully, there are some great bargains to be had, especially with people trying to sell newer models which no longer have the safety of a manufacturer backed warranty.” He added: “Those concerned over parts supply needn’t worry, given the huge parc of Rover vehicles on the market. Similarly, aftermarket warranties can be purchased for peace of mind from independent insurers for those picking up 3 year or younger vehicles.” Canny buyers who are looking for a Rover can visit www.cardata.co.uk. [/ QUOTE ] source: newspress.co.uk Discussion HERE Link to comment Share on other sites More sharing options...
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