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Dealer part-exchange values in November remained strongBack

Latest market analysis reveals good news for the used car industry which has retained strong part-exchange car values at an average of £2,804 throughout the month of November.

Manheim has released its latest findings from recently conducted market analysis, to show that dealer part-exchange values have remained strong.

Analysing the monthly figures in detail, Manheim has reported that the strong values at auction in November have continued, despite a marked increase in both the age and mileage of some used cars from 97 to 99 months and 73,755 to 76,021 respectively.

Manheim believes that the trend reflects the strong used car market which is being boosted by the lack of used cars from private sellers and fleets.

Daren Wiseman, valuation services manager at Manheim Auctions, said: “While the high street is still a tough place to be, motor retailers with the right mix of used vehicles are set to have a good 2013.

“Car buyers are increasingly considering higher mileage vehicles in place of purchasing brand new models, especially as the much-heralded economic revival remains some time off.”

In the current financial climate, buyers are being put off making major purchasing such as buying a brand new car and instead are favouring used cars which can still offer a good specification and reasonable mileage.

The strength of the used car market is strong so if you are thinking about selling, now is a good time to think about part-exchanging your car which can offer you a plethora of benefits.

The most obvious benefit is that the value of your old car will be taken off the price of the new one there and then, so in one visit to a dealership you can effectively swap you car for another one, for a set price. Opting for part-exchange can also be particularly useful if you are considering downsizing your car for a smaller one as a larger chunk of the cost of a new car will be taken out by your older car.

The way to get the best deal on a part-exchange car is to visit a reputable dealer such as the Trusted Dealers as we are in the business of offering our clients the best service possible through our 10 Points of Difference price promise. For further information visit the 10 Points of Difference.

 

Posted by Leana Kell on 07/12/2012