Inspections can help used cars sell quicker, says DMN Logistics

Used car inspection cans reduce the time it takes a vehicle to sell and ensure it remains roadworthy, according to DMN Logistics.

The delivery and inspections provider says that as used car stocks become older due to ongoing supply shortages, dealers can use inspections to boost confidence in their stock.

By 2027, the company expects around 15.4 million cars on Britain’s roads will be at least 10 years old, representing an increase of 3.6 million from 2021.

Nick Chadaway, managing director at DMN Logistics, said: “With older cars, it is important to maximise support for your remarketing activities and the best way to do that is through a thorough vehicle inspection process with positive, clear data. Inspections will enable you to monitor the vehicle’s condition and even potentially look at the correct level of refurbishment to improve values.

“Vehicle reliability has improved in recent years but there is no getting away from the fact that older cars are more likely to develop faults, are more costly to maintain and represent a risk to road safety. Once the inspect and repair process is complete the vehicle should sell quicker, minimising days to sale and importantly remain roadworthy.”

Older cars present a range of issues, so it is important that dealers do their due diligence before selling or purchasing a used car.

The RAC said used car dealers will need to offer a high level of reassurance to ‘vulnerable’ buyers as used cars become older and more expensive in 2023.

Vehicle inspections offer an effective way to minimise days to sale, helping to improve cash flow and budgeting needs when remarketing vehicles. This way, both sellers and buyers gain a clear understanding about the condition of the vehicle and this in turn supports the correct pricing at the earliest opportunity.

Used car prices have continued to climb, reaching the 34th month of consecutive growth, according to Auto Trader.

It’s latest Retail Price Index shows the average retail price of a used car has reached £18,119 – up 2.7% year-on-year. Last month, prices grew by 3.4%.

Since May 2020, average used car prices have rocketed by more than £4,000.