Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt March sees rise in used car values
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

March sees rise in used car values

Date: 27 March 2018   |   Author: Sean Keywood

Used car values have risen by 0.4% during March.

That's according to automotive data firm Cap HPI, which also reports that average values have increased by 1.2% since the start of the year, compared with a 0.7% fall in the same period in 2017. 

This year's increase is the strongest since the records began in 2012.

Cap HPI head of current relations Derren Martin said: "An increase in average values in March moving into April is not unprecedented. Values have gone up at this time of year in four out of the last five years, with 2017 being the exception.

"However, it is the cumulative increase since the turn of the year that is the main eye-opener.

"The sectors showing the main areas of pricing strength continued to be city cars, superminis and lower medium-sized cars, while convertibles are behaving as they normally do at this time of year, leading up to the spring and summer.

"The increase in demand for smaller vehicles is partly as a result of consumers downsizing but also a desire for petrol vehicles."

Despite adverse publicity surrounding diesel cars, these also increased in value during March, with strong performers including the BMW 3-Series, Volkswagen Passat and some types of Hyundai i40.

Martin added: "There has been a noticeable increase in used car retail activity. While there is still a variety of new car finance offers available, they are not quite as attractive as they once were. 

"The discerning buyer can get a used car deal, either PCP or outright purchase, that more than satisfies their requirements."



Share


Subscribe