The value of used engines stabilize in 2009, experts say car value.
EurotaxGlass's, Publisher of the glass's Guide to car values, said that the new and used car markets were synchronous in 2008 due to a peak in the new vehicle registrations in late spring.
"Used car demand [was] completely out of step with the growth in the supply said Adrian Rushmore, editor in Chief at EurotaxGlass's.""As a result, prices fell at a faster rate than at any time in living memory, beyond the decline in the early 1990s."
Earlier this week predicted the society of motor manufacturers and traders that new car sales by a further 1.78 million units would go back in 2009.
Rushmore said that the decline in new registrations to absorb less part exchanged for the used market would produce car.
EurotaxGlass's also prophesied that one with almost 40% drop in the care of new cars in a year second-hand dealers focus to sell affordable cars in demand.
But while used car values are expected in 2009 to stabilize, Rushmore said that an improvement in demand was unlikely and would drop prices further.
"Prices for used cars have not yet taken low and will probably continue on a downward path for much of 2009", he said.
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