4:05 am, May 17, 2012
USED car values saw little change in April over the previous month, says Dealer-Auction.
Overall, average used car value was £3,019 – down slightly on March which stood at £3,058. The firm says this was mostly due to the increase volumes seen throughout the month.
However, profit per vehicle increased on the previous month to £162.41 per vehicle, a 5.38 per cent uplift in profit per unit. Cap clean performance was a healthy 97 per cent.
Average vehicle values for premium models were £5,735 – an increase of 1.5 per cent from the previous month. Premium models also enjoyed an increase in profit per vehicle of £182.45, which was represents an uplift of 3.2 per cent.
Gavin Smith, co-founder and director of Dealer-Auction explains: ‘The increase in volumes that we have seen particularly at the beginning of April has pushed the average values down very slightly, and the Easter break eased the demand a little.
‘However, towards the end of the month, we have seen the demand building quite rapidly and the number of vehicles achieving reserve prices on first time listings considerably higher. The confidence of buyers is also building month on month, as they become more accustomed with bidding and buying online.’
