NEWS

BCA has joined CAP in reporting a decrease in used car prices after analysing recent auction results.
The ‘real world’ fall shows dealers are willing to pay less for stock at car auction.
An average used car is now worth £5784: the fall is a modest quarter-percent, but it is a fall nonetheless.
Particularly as it affects [...]

CAR dealers are freeing up more time to spend chasing sales opportunities thanks to online sourcing services.
Being able to secure fresh car stock without leaving the office is proving a big advantage during tough trading conditions, says ecommerce specialist epyx.
The firm’s business development head Ken Trinder says even those who insist on seeing the [...]

MANHEIM has reported average used car values fell by almost 5% in June 2010, with fleet cars leading the decline.
Fleet sector prices fell by 7 percent, with dealer part-exchanges only just behind on 6.5 percent.
Manufacturer stock helped stemmed the decline, with a lesser fall of 1.9 percent. Despite this, though, used car values are less [...]

PRIVATE buyers who don’t get an inspection done can face pricey repairs within weeks warns one car dealer.
Carsite.co.uk’s independent RAC inspector says that those buying privately are not protected legally – and many are finding the risk to be a costly one.
Government MOT stats show a large number of models are being sold on [...]

AUCTION4CARS says CAP has not gone far enough in reducing used car values following its latest move.
Group disposal manager says used car values have fallen for the second month in succession – and is frustrated the Black Book is lagging.
Stats from Auctio4Cars auctions show values have fallen 8 percent since January.
However, the June Black [...]

FORD has scooped two CAP used car of the decade prizes with the Focus and Ka both triumphing.
The Ford Ka has been voted small car of the decade by CAP, while the Ford Focus has claimed the overall used car of the decade prize.
It was a unanimous vote for the Focus too, says CAP. Why? [...]

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 editor Jonathan [...]

FERRARI says it now boasts the most reassuring official used car warranty support package on the market.
The firm reports it is seeing a big upturn in interest for used stock following its extended used car warranty announcement.
This sees Ferraris aged up to 8 years covered by a full 2 year used car warranty underwritten by [...]

CAP Black Book reports another month of used car price stability for April as supply and demand continue in balance.
This is because the new car sector remains fragile, which is ensuring there is no risk of used market oversupply.
Short-cycle business in particular is ‘dramatically’ down say the used car experts. This stability is set to [...]

VAUXHALL once again claimed top slot in the used car honours for 2009 with the Corsa supermini.

It beat its arch-rival, Ford’s Fiesta, and also knocked the 2008 champion – the Vauxhall Astra – off its leading position.
Car Dealer Magazine lists the full top 10 below – along with the top 10 used car sellers in [...]