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Why your used Ford Focus could be worth more than a new one
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It used to hold that only classic cars were an investment, but now the same is true if you own a Ford Focus.
Shifting secondhand motors is now a “nice little earner” as Cockney wheeler dealer Arthur Daley would have put it in the TV show Minder, with prices surging 30% in the past year thanks to the ongoing shortage of computer chips stalling new car production, according to figures from the website Motorway.
And last month one in six nearly new cars (aged up to 12 months old) were priced higher than the brand-new version, separate data from the Auto Trader marketplace shows.
The traditional rules of motoring, including that a car starts to shed value as soon as you drive home from the dealership, no longer hold true as the supply of new cars
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