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The report shows that overall in January:
Auction activity strengthened in January as dealers bought stock to fulfil increased demand from consumers, who are opting in favour of used cars instead of new.
Whilst diesel cars are holding their own in general, the premium sector – particularly large premium German brands, have struggled to achieve prices that are in line with vendors expectations.
This, coupled with the large volume of cars that were offered throughout the month, led to overall hammer prices being more subdued than would normally be expected in January. However, as the month progressed, prices began to strengthen.
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