AM Online

Rover used prices tumble

Rover used car prices have fallen by up to £313, an average reduction of 7% off the normal asking price, after the last British mass carmaker closed down.

According to used car database, the demise of Longbridge in mid-April also saw a 4% increase in the number of Rovers being offered for sale in the classifieds.

The advertised price for the Rover 75 has fallen by 36%, dropping from an average of £10,883 to £6,912 (e.g. an 02 Rover 75 1.8 SE Club with 34,000miles could be bought for £7,400). Over the same period, the Rover 25 has fallen 15% from £5,164 to £4,387.

“With the increasing choice of Rover’s now flooding the market, this downward trend is inevitable,” says Andrew Sobell of Cardata.

“It really is a buyer’s market out there at the moment. If you hunt carefully, there are some great bargains to be had, especially with people trying to sell newer models which no longer have the safety of a manufacturer backed warranty.

“Those concerned over parts supply needn’t worry, given the huge parc of Rover vehicles on the market. Similarly, aftermarket warranties can be purchased for peace of mind from independent insurers for those picking up 3 year or younger vehicles,” says Sobell.

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