What Car? has launched a free car valuation application powered by data from dealers, private sales, auctions and classified advertisements across the UK.
Average used car values increased by 9.7% (£547) year on year in July, and increased 3.6% compared to June 2012.
Part-exchange values are outperforming “premonitions of doom” during the summer months with average selling prices rising by 4.3% in July, from £2,374 in June.
Analysis of searches on an online classified advertising site has revealed the 10 most popular soft-tops for dealers to stock.
The head of a UK motor auction company has warned of a potential price rise in used cars this September.
Glass’s has gone live with its new valuations system, G2, that it has developed to give greater accuracy and insight to customers.
Average used car prices fell by 5% to £8,620 in Q2 due to an abundance vehicles over 10 years old entering the market as new car demand increases, according to the latest Auto Trader Retail Price Index.
Auto Trader says its Market Tracker online analysis tool is one of the systems dealer group Peter Vardy is using to boost its used car operations this year.
The RMI’s National Association of Motor Auctions (NAMA), the trade body representing auction companies has launched its new Code of Practice.
The DVLA is allowing superstitious customers to avoid having 13 on their number plates when they buy a new car in March.
The latest figures from the Vehicle Remarketing Association (VRA) show the used car market remains “consistent and stable” with book values for July only reducing by 1% whereas the last couple of years trade values have been marked down by up to 3%.
Wholesale used van values rise year-on-year despite average age and mileage also increasing, reports Manheim.
Editors from used car valuation company CAP are on an auction roadshow to speak to dealers about pricing.
Valuations specialist Glass's is set to launch a new service in late summer based on significant changes in the way it values used cars.
New price data from BCA shows that while volume diesel cars continue to enjoy a substantial average price premium over petrol in the wholesale market, their retained value is actually lower over a forty month cycle.
Aston Barclay Group’s Westbury operation has won the Quarter One 2012 Best Performing Car Auction Centre Award given out by LeasePlan.
Consistent prices of around 97% of CAP Clean were being achieved during May for ex-fleet cars, while the buoyant light commercial market saw prices average 100% of CAP Clean.
Used vehicle sales experience a seasonal summer lull, but Shoreham Vehicle Auctions Alex Wright believes certain segments will still move positivley in the period before September.
As the wholesale van market enters its summer slowdown, Manheim says the challenge of unsold stock must be addressed head on.
Peter Vardy Limited (PVL) has reported first quarter profits of £2.2 million following a year of restructuring the business.
