 | Search: |
Increase in Used Car Sales
| News by Staff ReporterCompared to new vehicle sales in the last quarter of 2011
Used vehicle sales were to seen to increase in the fourth quarter of 2011 when compared with new vehicle sales, driven by price inflation at a two-year low, according to Fin24. This is according to the latest vehicle pricing index (VPI) released by TransUnion Auto Information Solutions, which stated that used vehicle price inflation dropped to 0,7% while new vehicle price inflation increased to 4% - up 2% over the previous quarter.
Fin24 said, “Annual new vehicle price inflation for 2011 dropped to 3.4% (2010: 4.7%), while used car inflation fell to 2.7% (2010: 4.4%) for the year.
The VPI is published quarterly and measures the year-on-year price inflation of a market weighted basket of new and used vehicles.”
To read the full article on Fin24 click here.
Source: www.bizpremises.co.za
Article Tools
 Print Article |
 Email Article |
|
Share this article 
 | |
 Auctions |
 Calculator |
 RSS |
 |
 Map Search |
 Info |
 Mobile |
|
© bizpremises 2004-2010 | Sitemap | Advertising | About Bizpremises | | |||||||