Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to prevent unreasonable cost mark-ups on second hand cars.
In a competitive market such as for new and used cars, it is for businesses to decide the market worth of their products and to price accordingly. It is Government policy not to intervene when markets function normally, and people considering the purchase of a used vehicle should visit various vehicle selling sites, including auction sites, to get the best price possible.