Car Prices
4x4 sales help LCV values to rally in December
Model mix helped average LCV values rally marginally in December from November’s low point, as the wintry conditions boosted sales of higher value 4x4 models. Changing model mix was largely responsible for the increase as sold volumes fell by around 25% over the month - with volumes of lower value part-exchange vans falling further than the numbers of fleet & lease vans sold.
New car list price rises ‘slipped in alongside vat rise’, reports CAP
New car list prices were raised by two thirds of motor manufacturers in January, additionally to the increases caused by introduction of the 20% VAT rate.
December used car values climb as weather disrupts supply line
BCA’s latest Pulse report shows that average used car values rose in December in a short month for trading that was also very short of stock. With only three full weeks of trading and business trailing off in the final week before Christmas, entered and sold volumes fell sharply as the markets wound up for the Christmas break and the weather took its toll.
Used car supply constraints will lead to rising trade values
Trade values are expected to rise during early 2011 as supply constraints continue to force dealers to compete in the open market for the best stock, according to CAP.
British Car Auctions top 10 cars of 2010
Leading vehicle auction company, British Car Auctions (BCA) has drawn up its top 10 of unusual vehicles sold during 2010. The company handles handles an enormous variety of vehicles during the year, with the vast majority being the popular makes and models we all drive from day to day.
New Year to see car trade-in values rise, say CAP
High quality used cars will command stronger prices early in the New Year, as availability of stock dwindles according to CAP, the used car pricing experts. It means consumers looking to trade in clean, well-maintained vehicles can expect enthusiastic offers from dealers looking to keep their forecourts fresh.
Budget car market flourishes
BCA’s latest Pulse report shows that average values were flat in November with month on month values averaging exactly the same value as recorded in October.
High residual values for Land Rover vehicles
An industry report conducted by the UK's leading used car valuators, Glass's, has revealed that three Land Rover models are amongst the top ten ranked vehicles retaining the highest residual values over the first three years of ownership.
Winter weather helps boost 4x4 values
Glass’s, the leading vehicle valuation expert, has produced its annual list of 2010’s top 10 three-year old cars with the highest residual values. The key fact to emerge is that seven of the top 10 places were occupied by 4x4s or SUVs. The residual values were expressed as a percentage of original list price for ‘57’-plate vehicles with 37,000 miles on the clock and the following list shows the highest to lowest ranking for each model range.
Glass’s top 10 residual value winners
Vehicle valuations authority, Glass’s, has revealed the top 10 cars that you should have bought three years ago to retain the highest value of the car’s original list price. Deciding what new car to buy can sometimes be difficult, but a big part of any buying decision should be how much the car is likely to be worth in the future, relative to the price you pay for it.
Used Car Expert helps consumers fight rip-off Britain
When used car buyer Alice Austin had her car stolen just four weeks after purchase, her insurance company tried to pay out just 80% of its real market value.
4x4 prices pick-up as the snow falls
Leading vehicle auction specialist, BCA, has reported renewed interest in 4x4s sold at its auction centres around the UK as the winter weather tightens its grip right across the country. For many motorists, particularly those living in rural or remote areas, a 4x4 is fast becoming a necessity in winter rather than a luxury.
Drivers ‘not affected’ by budget cuts
A surprising 62% of British drivers believe that the austerity measures will not affect the way they use their car, research last month by Manheim Auctions has revealed.
Glass’s goes mobile with new vehicle valuation tool
Glass’s has launched a dedicated mobile website giving dealers access to a full range of tools to check and value vehicles while they are away from their desks. GlassNet Unlimited Mobile, which goes live this week, is an extension of the highly successful GlassNet Unlimited system.
Used car values take seasonal shape at BCA
BCA’s latest Pulse report shows that average used car values fell back by £146 in October as the used market continued to settle into a more typical seasonal pattern.