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References in periodicals archive ?
EurotaxGlass's AG told Reuters it had surveyed used car prices in 30 European countries and found that Volkswagen, Europe's largest carmaker which admitted in September it could have emissions-cheating software in up to 11 million vehicles, was not trailing the market significantly in any one.
EurotaxGlass's forecasts that the From 1 entry model 2WD SE-L will have a three-year/60,000-mile residual value of 45 percent putting it comfortably ahead of its key competitors .
Jason King, Head of Market Intelligence for EurotaxGlass's, publishers of Glass' Guide, said: "We're not surprised to see the Jaguar going head-to-head with the Mercedes S-class, traditionally the industry-leader for these retained values.
However, this unprecedented rate of depreciation is unlikely to be repeated this year, according to EurotaxGlass's because of a combination of circumstances.
The market value of nearly-new cars is likely to hold up better as volumes fall in the wake of collapsing new car sales, according to experts at EurotaxGlass's.
ANALYSIS by industry experts EurotaxGlass's has revealed that the volume of nearly-new vehicles being offered for sale at the end of 2008 is about a third lower than it was during the same period last year when supply far exceeded demand.
According to EurotaxGlass's, publisher of Glass's Guide, the used car market is likely to be the first to recover from the current lows, followed by a steady - albeit modest - upturn in retail sales of new cars.
EurotaxGlass's predicts the XC60 2.4D SE will retain 46 per cent of its new price over the period and estimates a 47 per cent residual value for the D5 SE, at pounds 12,450.
According to EurotaxGlass's, publisher of the car buyers' bible Glass's Guide, a typical three-year-old car today retains around 38% of its list price.
According to EurotaxGlass's, publisher of Glass's Guide, a typical three-year-old car today retains around 38 per cent of its list price, which is two per cent lower than in 1992 when bank base rates were at 15 per cent and inflation was approaching 10 per cent.
Last year a car of the same value would have lost around pounds 200 over the end-of-year period, said EurotaxGlass's, the guide publisher.
EurotaxGlass's reckons that, by presenting a car in prime condition, a private vendor can increase the chance of securing a sale at their desired price and remove the need to deal with low offers and stressful haggling.