Car maker Ford will, for the next four months only, offer to buy back any – diesel or petrol – of its cars built pre-2010 if the owner chooses one if its new models. Because all of the old vehicles will be scrapped this will have an ‘immediate positive effect on air quality’. Over in the US average used car prices have dropped 17 per cent over the last 12 months and 25 per cent of owners are already on average $3635 underwater. The rate of depreciation has increased from 9.5 per cent in 2014.
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