Used car dealerships are making more money from part-exchange vehicles as British buyers prepare for the summer with fresh purchases.
The latest statistics from Manheim UK show that February saw a marked increase in the typical price for which a part-exchange vehicle sold, helped largely by the fact that drivers are now switching to new vehicles with greater regularity.
Last month the average part-ex price was £3,536, while the age of vehicles sold in this manner fell to 102 months on average, along with the mileage dropping to just 78,225.
Manheim analysts put this trend down to the impending arrival of summer and the fact that drivers are keen to buy a new or second-hand vehicle now in preparation for the warmer weather.
Report spokesperson Daren Wiseman said that the changing seasons had a marked impact on buyer behaviour in the used car market.
The study covered a number of specific car categories to assess the extent to which values were increasing, with superminis being the biggest winners in this respect.
Further improvements in the market are expected this month and beyond, with the introduction of new number plate registrations always helping to boost new sales and thus flooding the used market with an array of more recent second-hand stock. It is a good period for buyers and dealers alike.
About G5 Cars
G5 Cars is a used car dealership based in West Yorkshire, where it has operated successfully for almost a decade. It houses some of the best used cars for sale Bradford drivers will be able to buy and also provides servicing, MOTs and other repairs to customers.
Contact: For further information please contact —
First Name: Paul
Last Name: Bainton
Business Name: G5 Cars
Address: 45 Bradford Road
County: West Yorkshire
Postcode: BD19 3LA
Country: United Kingdom
Phone No.: 01274 892031
Email: [email protected]
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