Data from the Auto Trader Retail Price Index has revealed the average price of a second-hand car reached £12,853 in September. That is a 5 % increase compared with this time last year.
Furthermore, that near-£13,000 figure represents an increase of 42 percent over the past seven years. The average used car cost just £8,997 in 2011.
Vertu Motors (LON:VTU) is the sixth largest automotive retailer in the UK with a network of 125 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.