After Prime Minister Boris Johnson announced third national Lockdown starting from January 5th,2021, the AA warned drivers to keep their vehicles serviced, and MOT’d during the Lockdown 3.
Contrary to a decline in used cars prices with age, this year we saw an unusual rise in their value mainly due to pandemic. The demand for secondhand cars increased owing to people avoiding public transport. Moreover, people who had the jobs and money had used it to buy vehicles because they couldn’t go on holiday. Considering this situation, we advise you to stay vigilant with vehicle enquiry and run a car check before selling or purchasing a used vehicle.
Used car prices soared gradually since the start of the initial lockdown, back in March. Early reports hinted at a lack of demand because most people had to remain in their homes. However, the used car market dealers soon started reporting a surge in sales.