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10/03/2010
'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.
The overall average value for cars sold in February was £5,959 – a month-on-month increase of £20 (0.3%) compared to January’s figure of £5,939.
CAP performance improved by one and half points to 98.87% in February.
Values remain ahead year-on-year by £388 (a 6.9% increase), although this disparity is reducing sharply as values are now being compared to the recovering marketplace of 12 months ago.
To put that into context, year-on-year figures were ahead by over 15% in January and 29% in December.
Average values rose in two of the three main product sectors: Fleet & Lease values rose by £105 (1.4%) to £7,364 and Nearly-New values improved by £1,085 to £18,922 – a 6.0% rise to the second highest point on record.
Part-Exchange values were virtually unchanged, falling by just £11 to £2,658 with budget models feeling the pressure.
Model-mix prevented the average monthly increase being much higher as volumes in the cheaper part-exchange sector rose by 16% (following a significant 45% increase last month).
Fleet & Lease and Nearly-New volumes were broadly in line with last month.
BCA Communications Director Tony Gannon said: "Supply and demand remains well balanced in the used market, and February has been a much more typical month following the weather-affected start to the year.
"Fleets are the winners this month as values continue to show consistent growth, thanks to limited supplies and strong demand. It was a little surprising to see budget values stutter, but with supplies increasing substantially for the second month running, demand did well to keep up."
(PR)
Average values rose in the fleet/lease and nearly-new sub-sectors, with values falling by just £10 in the part-exchange market.
The overall average value for cars sold in February was £5,959 – a month-on-month increase of £20 (0.3%) compared to January’s figure of £5,939.
CAP performance improved by one and half points to 98.87% in February.
Values remain ahead year-on-year by £388 (a 6.9% increase), although this disparity is reducing sharply as values are now being compared to the recovering marketplace of 12 months ago.
To put that into context, year-on-year figures were ahead by over 15% in January and 29% in December.
Average values rose in two of the three main product sectors: Fleet & Lease values rose by £105 (1.4%) to £7,364 and Nearly-New values improved by £1,085 to £18,922 – a 6.0% rise to the second highest point on record.
Part-Exchange values were virtually unchanged, falling by just £11 to £2,658 with budget models feeling the pressure.
Model-mix prevented the average monthly increase being much higher as volumes in the cheaper part-exchange sector rose by 16% (following a significant 45% increase last month).
Fleet & Lease and Nearly-New volumes were broadly in line with last month.
BCA Communications Director Tony Gannon said: "Supply and demand remains well balanced in the used market, and February has been a much more typical month following the weather-affected start to the year.
"Fleets are the winners this month as values continue to show consistent growth, thanks to limited supplies and strong demand. It was a little surprising to see budget values stutter, but with supplies increasing substantially for the second month running, demand did well to keep up."
(PR)
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Uncertainty over the performance of electric vehicles means reliable future residual value forecasting is currently impossible, CAP has announced. One of the major issues is that battery replacement costs threaten to render commercial electric vehicles in particular worthless after warranties expire, CAP believes.
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Uncertainty over the performance of electric vehicles means reliable future residual value forecasting is currently impossible, CAP has announced. One of the major issues is that battery replacement costs threaten to render commercial electric vehicles in particular worthless after warranties expire, CAP believes.
05 February 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.
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.
14 April 2010
'Value Service' For Punto Drivers
Fiat Punto owners running cars registered before 2006 can now benefit from a range of ‘value’ offers designed to encourage them to use Fiat dealer parts and expertise. Among the offers currently available from participating Fiat centres are an annual service for £89, an annual service with MOT for £129.
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Fiat Punto owners running cars registered before 2006 can now benefit from a range of ‘value’ offers designed to encourage them to use Fiat dealer parts and expertise. Among the offers currently available from participating Fiat centres are an annual service for £89, an annual service with MOT for £129.
22 January 2010
Ways To Keep Motor Value
Unusual body colours, messy interiors, short MOTs, missing paperwork or scratched alloy wheels are just some of the ways drivers are losing hundreds of pounds off the resale value of their cars. Online used car retailer, Carsite.co.
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Unusual body colours, messy interiors, short MOTs, missing paperwork or scratched alloy wheels are just some of the ways drivers are losing hundreds of pounds off the resale value of their cars. Online used car retailer, Carsite.co.
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
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.
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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.
