Friday, 6. November 2009
After a year of successful growth in used car prices we are now starting to see prices level and, in some cases, slightly fall in auction. With fewer new car registrations, a reduction in rental car fleets and cars being scrapped the supply chain of used cars reduced significantly through the year. Businesses started to buy used cars instead of new as well as hold onto their lease cars by extending contracts turning the Read more »
Tuesday, 23. December 2008
Used cars through auction in November saw a little upward glitch although the general trend, according to British Car Auctions, is a downward one with prices set to continue to struggle through 2009. Whilst the average price rose to £4,823 in November, the highest since July, the year on year value is down by £689. The interesting thing is that we all hear about the state of the used car market and we often hear of friends or friends of friends who manage to get a real bargain but where are these giveaways when we want one? Read more »
Monday, 17. November 2008
CAP who provide vehicle valuation guides based on achieved auction prices have said that they are about to launch a significant downward price review based on the continued drop in prices achieved by fleet sellers in auction. This will have the affect of putting up lease rates unless the leasing companies can counter this with greater bonuses from the manufacturers. And be dismal news for those who Read more »