UK: Car depreciation rates worsening

The current economic uncertainty, coupled with green taxes, are making car depreciation rates worse, according to motor industry analysts.

Analysts Eurotaxglass’s have told the BBC the value of used cars will fall by an additional 8% this year.

Big family cars, which traditionally lose most value, and four-wheel drive vehicles are worst affected.

By comparison, say the experts, fuel efficient cars and smaller vehicles are holding their value better.