• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

November wholesale used car sales reached 70% of typical month, reports Aston Barclay

James Batchelor by James Batchelor
December 14, 2020
0
Home News

November used car sales reached 70 per cent of what would usually be expected for the month, Aston Barclay has said.

The remarketing firm reported that despite car showrooms being shut, dealer, fleet and OEM vendors still bought ‘thousands of used cars and vans’ online.

Aston Barclay says overall prices softened or remained static during November as vendors held cars back until dealers were open again for business.

That was a ‘sound strategy’, says the firm, as it’s seeing used car demand and prices already improving in December.

It saw the average price of 24-60-month ex-fleet stock falling by 9.5 per cent (£881) in the month to £10,638 – a ‘short-term blip’ reckoned Aston Barclay as it is already seeing values and conversions improving.

Average prices of late and low stock remained static at £16,486 as demand was high but supply remained very low, the firm said, with the market eagerly waiting for daily rental companies to reveal their replacement policies for 2021 to see if supply improves.

The budget part exchange sector (older than 126 months) rose in November by £60 to £1,312.

Prices of younger part exchanges (55-78 months) fell by 9.9 per cent (£765) due to a lack of supply and variety of stock, while older part exchanges (79-126 months) fell back by £183 to £3,517 due to average mileage increasing by 2,500 to 79,000 miles.

The used car industry would love some consistency to return in 2021

EVs and hybrids experienced a price fall in November of £1,341 (9.1 per cent) as they moved closer to equivalent petrol and diesel models.

Aston Barclay believes the trade is anticipating a strong end to December and start to January.

But while the market looks nicely set on all fronts entering 2021 there are still a number of factors out of the market’s control that may affect its progress according to Aston Barclay’s MD – customer, Martin Potter.

‘Overall, we were very positive about how November performed compared with the first lockdown, but how Brexit may affect the used car market is still unclear,’ he said.

‘The likelihood is that it will impact the new car market more readily. Consumer confidence is still in the balance moving into 2021 with the unemployment rate continuing to rise which is countered by the positive news that the vaccine programme will start before Xmas.

‘What I know is that the used car industry would love some consistency to return in 2021.’

  • Register as a Car Dealer member and get more out of the website here
  • Car Dealer Mag issue 153 is out now – Read it here
  • Join our breaking news WhatsApp group – Click here to join now
Previous Post

Nissan has no ‘Plan B’ for Sunderland factory in case of no-deal Brexit

Next Post

Grand draw for £31,000 Mercedes-Benz CLA 180 turns into a grand fail at dealership

Related Posts

Designer Gerry McGovern joins JLR board
News

Designer Gerry McGovern takes seat on Jaguar Land Rover board of management

January 27, 2021
Used car market stronger than ever as August sees sales up by nearly 50 per cent for Big Motoring World
News

Customers around the world shun public transport with 1 in 2 intending to buy a new car in next 12 months

January 27, 2021
A Peugeot e-208 on the road
News

Top 20 most searched for used electric cars revealed as Auto Trader predicts EVs to overtake combustion models by 2025

January 27, 2021
The Peugeot Partner electric van charging
News

Jan 27 round-up: 50,000 more Covid deaths possible; First private space crew; Holocaust remembered; Peugeot e-Partner

January 27, 2021
Stratstone reveals multi-million-pound plans for redevelopment of BMW sites in Derby and Hull
News

Stratstone reveals multi-million-pound plans for redevelopment of BMW sites in Derby and Hull

January 27, 2021
News

Lamborghini London celebrates delivery of two super-rare Sian hypercars

January 27, 2021

Want to receive the latest news?

Sign up to the Car Dealer daily news briefing for the latest news and advice during these unprecedented times.

Subscribe Now
Video: How do you buy a used car online and get it delivered to your house? We put online car dealer Carzam to the test
Car Dealer Live

Video: How do you buy a used car online and get it delivered to your house? We put online car dealer Carzam to the test

January 23, 2021
Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs
News

Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs

January 6, 2021
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

January 20, 2021
Car Dealer Live: Data shows there are buyers out there and they want new cars via click and collect, say What Car? team
Car Dealer Live

Car Dealer Live: Data shows there are buyers out there and they want new cars via click and collect, say What Car? team

January 20, 2021
Stellantis: What is it? Which brands does it have? And what does it mean for customers and dealers?
News

Stellantis: What is it? Which brands does it have? And what does it mean for customers and dealers?

January 26, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 15, 2021
Car Dealer Live: Top tips for car dealers to keep business and spirits high during national lockdown
Car Dealer Live

Car Dealer Live: Top tips for car dealers to keep business and spirits high during national lockdown

January 23, 2021
Car Dealer Power

The best car dealer suppliers named in the Car Dealer Power Awards 2020

November 26, 2020
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C