• 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

Used car price falls slow

Car Dealer Magazine by Car Dealer Magazine
December 15, 2008
0
Home News

Used car price falls slowAUCTION prices for used cars fell again in November – but the rate of decline in the market has slowed.

Manheim Auctions reported that the average used car selling price was £5905. This was 1.6 per cent down in November, and 15 per cent down on 2007.

This compares to a 4.4 per cent decline the month before.

Furthermore, while auction prices of cars in the manufacturer and dealer sector continued to decline, values in the fleet sector actually increase.

Fleet sector’s rise of 3.4 per cent contrasts with a steep decline of 10 per cent the month before.

Declining sectors included large family vehicles in the dealer sector, which fell by 9.2 per cent, or £130. Small hatchbacks in the manufacturer sector declined by £146, or 2.1 per cent.

However, there were gains in the fleet sector:

•    Superminis up 3.7 per cent (£111)
•    Medium family cars up 2.7 per cent (£119)
•    Soft Roaders up 2.8 per cent (£152)
•    Off Roaders up 5.7 per cent (£570).

Mike Pilkington, MD at Manheim, said: ‘Following the fall in average sales values in October, and the gloomy economic outlook, the fall in average values of just 1.6 per cent in November was less than expected.

‘Although conversion rates are lower than previously recorded at this time of year, demand from buyers has remained strong.

‘With the continued decline in new vehicle registrations, there is still evidence of dealers concentrating on profit opportunities through used vehicles.’

Used car sales crash

Dealer bucks used car trend

Used car price rise ‘illusion’

Related Posts

Volkswagen Passat GTE plug-in electric car being charged
News

VW suffers post-tax profit drop of 37 per cent but says that was better than expected

February 26, 2021
Supercar graphic
News

Moving on up: Here are the top 10 used supercars to buy if you want to see a return on your investment

February 26, 2021
Subaru sign via Newspress
News

Subaru adds three dealers to network with plans for at least 15 as part of restructure that will see 10 leave

February 26, 2021
G3 Motorhouse in Failsworth from Google
News

Car dealers must pay out thousands after Trading Standards investigation found they’d clocked cars

February 26, 2021
Mike Hawes
News

SMMT calls for dealers to open ‘ideally before April 12’ as car production levels slump to 12-year low

February 26, 2021
Online car sales on an iPad
News

Fifth of car buyers think online sales will overtake those in showrooms by 2025 – but many think it’ll never happen

February 26, 2021

Want the latest news?

Sign up to Car Dealer's daily news email updates

Subscribe
How many car dealerships does each manufacturer have in the UK? Car Dealerships Locations List 2021 revealed
News

How many car dealerships does each manufacturer have in the UK? Car Dealerships Locations List 2021 revealed

February 24, 2021
Used Car Awards with Mike Brewer and James Baggott graphi
News

Who won what at the Used Car Awards 2020? Mike Brewer reveals our winning car dealers

February 11, 2021
Car Dealer issue 156 front cover and Used Car Awards
Online Magazine

Out now: Car Dealer issue 156 features our Used Car Awards, H.R. Owen CEO Ken Choo and lots more

February 23, 2021
Used car market stronger than ever as August sees sales up by nearly 50 per cent for Big Motoring World
News

Opinion: Here are 10 reasons why I think there’ll be a rapid recovery in car sales when lockdown ends

February 16, 2021
Trophy Cars forecourt
News

Investigation: Meet the hyper-specialist car dealers making their money from weird and wonderful motors

February 11, 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 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

February 10, 2021
Bitcoin ATM terminal
News

Will car dealers in the UK accept Bitcoin for payment? Dealers speak out after Tesla plans to accept cryptocurrency 

February 18, 2021
  • 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