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Used hybrid values 'fragile'

Date: 15 October 2013   |   Author: Jack Carfrae

Second-hand hybrids are taking a hammering on the used car market. That's the view of experts at valuation specialist CDL Vehicle Information Services, who claim that fears about high repair costs for lesser-known technologies are deterring used buyers and hampering the cars' performance in the marketplace.

Head of car valuations, Alan Senior, said: "Values [in general] have remained relatively stable for October. Values for hybrid models are the exception, however, and values are becoming very fragile.

"The new car buyer is far more willing to embrace new technology as they have the assurance of solid manufacturer warranties. But used car buyers have become very wary about potential high repair costs and are unwilling to pay a premium over existing and trusted technology.

"Also, the financial benefits of running a hybrid are minimal as real-world fuel consumption is little better than a conventional petrol or diesel set-up."



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