A new survey has revealed that used car values for the first month of 2007 have witnessed a rise, businesscar.co.uk reports. The study, conducted by Manheim Auctions, showed that for the month of January used car values increased by around 7.9 per cent in the UK.

Hi Berny, this isn't unusual! Dealers always drop prices of cars in December as it's a quiet month and they want to move old sock. In January as it's a new year the prices rise again.