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Used car prices soaring

IoM feeling knock-on effect of UK surge

The surge in the price of used cars in the UK is having a knock-on effect in the Manx market.

Figures produced by the AA show the prices of the most popular models have risen sharply in the past year - some by more than 40 per cent.

The rise is being fuelled by a shortage of new vehicles rolling off production lines.

Paul Burnett of Ballaugh based Fastlane, told Simon Richardson he fears the situation could get worse:

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