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Marshall Motor Holdings Plc

Used car values rise in July for first time since 2009

Used car values rose by 0.4 per cent in July driven by strong demand a shortage of stock, new figures show.

Data from Cap HPI showed the small increase in used values, at the three-year and 60,000-mile point, in July was the first upward movement in the month since 2009 and followed an even stronger June.

Average values at the one-year point stayed level and vehicles younger than this dropped very slightly. At all other ages, there has been a small, positive movement, said the firm.

Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.