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There's a thriving second hand market for motability cars, and PIP is likely to see this diminish too.
"This will have a direct impact on the second hand market and contribute to the overall health of the housing market with increasing transaction volumes and an increase in housebuilding for the industry and Taylor Wimpey".
Saturdays in this upscale neighborhood are famous for the second hand market at Portobello Road.
"Extending NewBuy to the second hand market should create churn in the market place and drive up sales across the Board - including for new homes.
These cars are typically driven longer than average distances, until they are traded in the second hand market after a few years.
The majority (64 per cent) get a new lease of life via the second hand market — with the largest portion (41 per cent) being traded in or sold privately, and around a quarter (23 per cent) handed down to others.
Similar(52)
Italy has been too long the great second-hand market.
The same is true for the second-hand market for private-equity stakes.
"We don't have a second-hand market for used equipment that exists yet," Barnhart said.
Few other consumer-goods industries depend so heavily on a thriving second-hand market for their products.
Around 500,000 bicycles are stolen in the UK each year and the second-hand market in parts is huge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com