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05/02/2010
January Car Values Fall
BCA’s Pulse report has shown that average used car values decreased in January, following an increase in December, but once again this was largely due to a change in model mix.
Average values actually rose in the fleet/lease and part-exchange sub-sectors, with values broadly flat in the nearly new market.
The overall average value for cars sold in January was £5,939 – a month-on-month decrease of £249 (4.0%) compared to December’s figure of £6,188. CAP performance improved by over one point from 96.11% in December to 97.39% in January.
Values remain well ahead year-on-year by £803 (a 15.6% increase), although this disparity is beginning to reduce as values are now being compared to the recovering marketplace of 12 months ago.
Despite the four percent decrease, average values actually rose in two of the three main product sectors:
Fleet & Lease values rose by £234 to £7,259 (up 3.3%) and Part-Exchange values increased by £120 to £2,669 (up 4.7%).
Nearly-New values meanwhile were virtually flat at £17,837 – down by just £62 or a third of one percent.
Model-mix is therefore largely to blame for the drop in the overall average value, with fleet/lease volumes up nearly 17% and part-exchange numbers rising by a significant 45% compared to the much shorter trading month of December.
In contrast, nearly-new volumes actually fell by 2.5% in January.
BCA’s Communications Director Tony Gannon said: "The January uplift in the fleet/lease and part-exchange sectors suggests the market is aligned to more traditional patterns.
"The continued demand for lower cost motoring is also evident; with the biggest percentage rises seen in the fleet/lease and part-exchange budget sectors."
(PR/GK)
Average values actually rose in the fleet/lease and part-exchange sub-sectors, with values broadly flat in the nearly new market.
The overall average value for cars sold in January was £5,939 – a month-on-month decrease of £249 (4.0%) compared to December’s figure of £6,188. CAP performance improved by over one point from 96.11% in December to 97.39% in January.
Values remain well ahead year-on-year by £803 (a 15.6% increase), although this disparity is beginning to reduce as values are now being compared to the recovering marketplace of 12 months ago.
Despite the four percent decrease, average values actually rose in two of the three main product sectors:
Fleet & Lease values rose by £234 to £7,259 (up 3.3%) and Part-Exchange values increased by £120 to £2,669 (up 4.7%).
Nearly-New values meanwhile were virtually flat at £17,837 – down by just £62 or a third of one percent.
Model-mix is therefore largely to blame for the drop in the overall average value, with fleet/lease volumes up nearly 17% and part-exchange numbers rising by a significant 45% compared to the much shorter trading month of December.
In contrast, nearly-new volumes actually fell by 2.5% in January.
BCA’s Communications Director Tony Gannon said: "The January uplift in the fleet/lease and part-exchange sectors suggests the market is aligned to more traditional patterns.
"The continued demand for lower cost motoring is also evident; with the biggest percentage rises seen in the fleet/lease and part-exchange budget sectors."
(PR/GK)
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10 March 2010
'Nearly-New' Car Value Rise
BCA’s Pulse report shows that average used car values rose marginally in February, increasing by under half a percent compared to January’s figure to £5,959. Average values rose in the fleet/lease and nearly-new sub-sectors, with values falling by just £10 in the part-exchange market.
'Nearly-New' Car Value Rise
BCA’s Pulse report shows that average used car values rose marginally in February, increasing by under half a percent compared to January’s figure to £5,959. Average values rose in the fleet/lease and nearly-new sub-sectors, with values falling by just £10 in the part-exchange market.
14 December 2009
Auctioneer Reports Christmas Confidence
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16 April 2010
Mondeo Improves Residual Values
Ford's new S-MAX and Galaxy, and revised Mondeo boast improved residual values of up to £1,275 according to independent experts. The residual value increases over three years and 60,000 miles reflect enhancements on Ford's new large car range, including styling refinements, new technologies, more efficient powertrains and advanced transmissions.
Mondeo Improves Residual Values
Ford's new S-MAX and Galaxy, and revised Mondeo boast improved residual values of up to £1,275 according to independent experts. The residual value increases over three years and 60,000 miles reflect enhancements on Ford's new large car range, including styling refinements, new technologies, more efficient powertrains and advanced transmissions.
20 April 2010
Chevrolet UK Supports Budding Young Artists
Chevrolet UK will participate in the 2010 Young? Creative? Chevrolet! Contest. For the first time the UK joins the rapidly growing number of European countries that take part in Chevrolet’s successful Pan-European Arts competition open to all arts schools, colleges and universities.
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Chevrolet UK will participate in the 2010 Young? Creative? Chevrolet! Contest. For the first time the UK joins the rapidly growing number of European countries that take part in Chevrolet’s successful Pan-European Arts competition open to all arts schools, colleges and universities.
19 January 2010
Jazz Best At Holding Value
The Honda Jazz is Britain's best car for retaining its value according to Parker's annual depreciation report which surveyed almost 300 model ranges.
Jazz Best At Holding Value
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Northern Ireland WeatherToday:Early mist and fog clearing to leave a dry and mainly sunny day, although patchy cloud possible through County Down. Warmest in the west with light east or northeast winds. Maximum temperature 20 °C.Tonight:Dry and bright at first but some areas of low cloud developing through the evening and overnight, particularly over southern counties and the north Antrim hills. Minimum temperature 10 °C.
