12:10 am, October 13, 2010
CAR auction website Auction4Cars experienced a 21 per cent rise in sales last month, new figures suggest.
Auction4Cars reports that traders turned to the company to replace their stock as demand for used cars continues to grow.
Statistics from the company reveal that September sales had risen to a six month high, as sales had remained fairly consistent until that point since the start of the year.
However, while demand remains strong, overall used car values are down.
Auction4Cars reports that used car values fell by five per cent in September to £2,453.10, suggesting that traders are less willing to pay the high prices seen in 2009.
Group disposal manager at Motorpoint Neil Prescott, says: ‘It’s been a very encouraging month of sales for Auction4Cars, and is further proof, that buying stock online is definitely the way forward for the trade in this country.’
