Car Prices
Cool prices on convertibles despite soaring temperatures
The sunshine usually sees the price of convertibles soar, along with the temperatures. However, according to British Car Auctions (BCA), prices on soft tops have remained cool in recent weeks, despite record temperatures and the driest April in years.
Used car values fall as market slows
BCA’s latest Pulse report shows that average used car sold values fell in April, with both volume sectors of fleet/lease and part-exchange vehicles experiencing price falls. Sold volumes also declined month on month and conversions fell dramatically.
Price is right for motorists
Motorists are foregoing style, size and colour when it comes to buying a car, opting instead to search for the most economical car within their budget, research by Carmony.co.uk has revealed. Interestingly, petrol electric hybrid cars proved very popular with searches increasing by 32% year on year.
Mobile valuations ramp up as dealers ditch print for online
Dealers can reap the benefits of online valuations more affordably, more easily and access greater and more accurate data, with the latest online valuations package from Glass’s. GlassNet 200 offers 200 vehicle valuations and up to 400 VRM look-ups per year, as well as access to GlassNet through a dedicated mobile website.
Super Saturday two at BCA Belle Vue
Lex Autolease and Black Horse offered 366 convertibles sports and prestige cars at BCA Belle Vue on Saturday 9th April, and over 92% of the entry sold, some 335 vehicles generating a turnover of £3.9 million pounds.
Retailer predicts electric shock for plug-in car owners
Electric cars now on sale could plummet in value by two-thirds when they reach the second-hand market in a few years time, predicts a major used car retailer.
Volume increase brings more pressure for sellers
BCA’s latest Pulse report shows that average used car values fell in March, although there was negligible price pressure in the big volume sectors of fleet & lease and dealer part-exchange vehicles.
Used car prices fall by over 8% says Auction4Cars
Average used car prices fell by over 8% last month according to Auction4Cars.
Demand for low-running cost cars accelerates
With insurance premiums rising by an average of 30% over a 12 month period and the cost of fuel at a record high, a Glass’s report reveals an “accelerated increase” in consumer demand for cars with lower running costs.
Mercedes-Benz SLK benefits from more ‘aggressive’ image
Aggressive styling and across-the-board improvements have given the new Mercedes-Benz SLK a significant forecast residual value premium over the outgoing model, according to CAP, the used car pricing experts.
60% of motorists don’t know the value of their car
Getting an instant and accurate used car valuation while on-the-move is now easy thanks to vehicle valuation expert, Glass’s. Its newly-launched iPhone App, which is free to download through the App Store, enables users to get a precise valuation for any car in a few steps by simply keying in its registration number and mileage.
Used car markets still rising but price pressure increasing
BCA’s latest Pulse report shows that average values rose marginally in February, largely due to a richer model mix in the nearly-new sector. Values across the board increased by just £11 compared to January’s figure to reach £5,985 and are at the highest point recorded since December 2009.
Scarcity of eco cars keeps values high
According to the latest AA Fuel Price Index, petrol prices rose in January by the biggest amount in recent times. Although there is considerable Government lobbying to slow down fuel price rises, there appears to be no immediate respite for private motorists.
Used car markets bounce back in January as values rise sharply
BCA’s latest Pulse report shows that average values rose in January following the disruption caused by the Arctic conditions and shorter trading period in December. Both the fleet & lease and part-exchange sectors recorded notable value improvements, with PX values reaching a record level.
New car demand falls in January
New car registrations fell by 11.5% to 128,811 units in January, according to the Society of Motor Manufacturers and Traders (SMMT).