NEWS

GLASS’S has warned of ‘dramatic falls’ in electric car RVs unless innovative solutions are adopted. The used car valuation experts warn secondhand values could be well below conventional petrol and diesel models if key concerns are not addressed. These are currently focused on battery life and performance. In-house methodology developed by Glass’s has indicated car [...]

GLASS’S is responding to car dealers snubbing paper Guides for online values with an enhanced internet valuation tool. GlassNet Unlimited launches this month, which will allow limitless car valuations without racking up the bills. Cost? £1 a day for the typical user, reckons Glass’s – which adds the more cars a dealer values using it, [...]

TOYOTA cars have suffered no discernible drop in secondhand values following the recent big recalls. Glass’s says there are no signs of any change as the maker begins to recover after the past few months’ drama. ‘Many Toyota models still boast some of the strongest residuals in the UK used car market,’ said Glass’s car [...]

ELECTION fever will reinforce the regular late-spring slowdown in the used car market warns Glass’s. As buyers become less certain, they curb their retail spending – and this includes cash on new cars. This means May 2010 could be a difficult month for the UK used car industry. ‘In the weeks before and after the [...]

CAR dealers will face a severe shortage of used car stock in 2010 due to plunging new car sales. Supplies of 1- and 2-year-old cars are to face a ‘major reduction’. Scrappage has compounded the problem further, warns Glass’s Guide editor Adrian Rushmore  – 300k new car sales were generated from it in 2009, but [...]

CAP has declared it currently impossible to give an accurate estimate of electric car used values. Uncertainty over their performance means there are just too many unanswered questions to make a judgment. This is why, despite the UK electric cars such as the Nissan LEAF being imminent, dealers are unable to tell customers what they [...]

ONLINE car dealer carsite.co.uk has revealed its list of top 10 blemishes that blight car retained values. It has revealed the list to help drivers avoid costly mistakes – and also help car dealers give the fairest trade-in values. The costs involved will be eye-opening to some car buyers, but no big surprise to dealers. [...]

KIA has wowed the car industry by giving EVERY SINGLE NEW CAR a full 7 year warranty sold from today! The staggering deal instantly makes it the best new car cover offer in the industry. Previously, it was restricted to the cee’d and Sportage. But now, all Kias are getting it – including the smash [...]

FALLING used car prices last month ‘completes 2009’s massive correction in prices,’ says Glass’s. It will allay car dealer concerns that prices have become unrealistically high. Prices are, says expert Richard Crosthwaite, following the same trends as 2006 and 2007 – which will lead to an uplift in values for January. At the moment, demand [...]

CAR buyers are turning from the new luxury car market to the nearly new sector – and saving a third. Motorpoint says that, during the first quarter of 2009, sales of posh used motors are up by 30 percent. This is because of nearly new savings topping 30 percent, says the company. Helping offset evidence [...]

SEAT has, for a while now, been posting some impressive used car market retained value figures. This has continued into April, as the Spanish brand reports a ‘major increase’ in RVs. Some SEATs, says CAP, are worth 14 percent more than a month ago. Models on the up include: * SEAT Ibiza 1.6 SE: +14 [...]

VALUES of small fuel efficient models are for the first time ever outperforming prestige saloons and 4x4s. Glass’s has ranked the value of each car sector according to the strength of their residuals. The latest table reveals that city cars have leapt to the top of the rankings, and are now the slowest-depreciating cars in [...]