Overcast

Overcast

max temp: 12°C

min temp: 9°C

Search

Deals on wheels as used values fall

09:00 01 November 2015

Buyers can find some good deals with used car values dipping as the end of the year approaches.

Buyers can find some good deals with used car values dipping as the end of the year approaches.

supplied

With Christmas approaching, the end of year slowdown is starting to have an effect on the used market with most values down 2-3%. So, if you’re looking to change your car for a new used model now is a good time to seek out an attractive deal.

Gavin Amos, head of valuation services at My Car Check Trade, said: “The clocks going back usually marks the start of a steady decline in used car sales in the run-up to Christmas. Especially compared to the artificial spike caused by September’s new registration plate, activity really dwindles during October. We have reduced most car values by 2-3% for November, with only super strong performers, such as Range Rover Evoque and Audi Q5, holding their ground.”

My Car Check Trade is the trade valuations arm of CDL Vehicle Information Services. Based on cutting-edge industry data and feedback from independent and franchised dealers, it can highlight the most significant trends in the UK used car market.

“Switched-on dealerships take advantage of the steadier footfall by going the extra mile for existing customers and prospects, for example, by delivering cars for people to test drive, and by speaking to service and repair customers about the benefits of switching vehicle. Sitting back and waiting for orders is no longer the norm.

“Unlike virtually all other sectors, 4x4 values always strengthen through autumn and over the winter period. Main dealer forecourts look noticeably more crowded with clean 4x4 stock up to eight or nine years old. We recently saw one main dealer offering a mint condition 57 plate Range Rover.

“Rare as they may be, dealers certainly shouldn’t be overlooking these profit opportunities. Properly prepared, with warranty for peace of mind, such vehicles are also great news for used buyers on a limited budget.

“At the other end of the spectrum, we are seeing an abundance of pre-registered vehicles. It is no surprise as we approach the end of the year, having just had the latter of the two new plates. The lack of clarity continues as to how many units manufacturers have pre-registered, but this year seems worse than ever.

“Some dealerships are saturated with pre-reg and ex-demo cars which limit profit, drag away new car buyers and hinder the ‘real’ used car operation.”

My Car Check Trade provides buyers and sellers with all the vehicle price data they need by entering the registration and mileage to get an accurate valuation and additional information in an instant. Once signed up you can check as many vehicles as you like at no extra cost.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ipswich Star visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ipswich Star staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ipswich Star account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

A man and a teenage boy were stabbed this afternoon in Ipswich at West Meadows near the Whitehouse Interchange.

As the build up to Christmas gathers steam, we asked our iwitness members to share their photos of the approaching festivities.

A nursing home in Hadleigh has been ranked inadequate by a health watchdog for failing to keep its residents safe.

We’ve all done it – remembered a vital last-minute purchase needed to save Christmas or New Year and wondered when Lidl, Aldi, Asda or the Co-op will be open.

Through our iwitness24 site, readers are able to share their photos of Suffolk’s top beauty spots, of landmarks and of some of our amazing wildlife in action.

A primary school in Martlesham Heath has been awarded Ofsted’s top rating of Outstanding in its latest report – and held a two-day festival of learning with parents to celebrate.

The tourism industry is already worth hundreds of millions of pounds to the local economy in Suffolk, and that figure is growing, year-on-year.

Thousands fewer people are playing sport in Suffolk since London 2012, an “alarming” new report has shown.

The A14 Whitehouse sliproad in Ipswich has reopened after it was closed by police late into the night following a double stabbing at the town yesterday afternoon.

Suffolk Police have launched a double murder investigation after two men died after being stabbed in Ipswich on Thursday.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24