– Matthew Tumbridge, UsedCarExpert.co.uk editorThese regional price fluctuations are due to local economic conditions impacting on pricing.
The relative prosperity and wealth in the North East is keeping prices inflated while in the South West, the struggling economy has the lowest used car prices that we have ever seen.
The South West is the cheapest place to buy a second-hand car in the country. While buyers in the region are now paying an average of only £6,951 for a second-hand car, those in north east England are having to fork out as much as £10,805.
Used car prices are now at their lowest for 15 months. The average price for a used car is now £8,540 - the lowest figure since September 2011.
Prices of second-hand vehicles dipped by an average of 1.71% between November and December last year.
As motorists face rising prices in insurance and fuel, it certainly pays motorists to shop around to get the best used-car deal - which will probably be in the South West.