Question

Article on depreciation of values in the society

Answer 1

THERE can be few more sobering thoughts than knowing you are sitting on an asset suffering the sort of depreciation that makes the stock market look a good bet. But that is what happens to thousands of drivers as soon as they drive their new cars out of the showroom. According to new valuations by experts at Glass’s Information Services, authors of the trade price bible, some owners are being forced to settle for rockbottom resale values.

Models in the large car segment characterised by the Vauxhall Omega and Peugeot 607 models, for example, fetch less than a third of their original showroom price after three years. That translates into an £18,000 executive car, full of electronic goodies and boasting super comfort and performance, going…

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