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Average used car prices have risen to their highest level for six months according to Auction4Cars.
The car auction website said its average prices increased by 11 per cent in October to £2,745 which it said was evidence of a shortage in the trade for good quality used stock.
The site said sales volumes remained high with a record number of dealers using the service to source stock.
“There is clearly a shortage of good quality stock available in the marketplace at the moment, which is why we have seen prices rise sharply last month. However, we expect things to level off at the end of the year,” said Neil Prescott, Group Disposal Manager at Motorpoint.