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Accurate data important in slipping used car market

Date: 08 December 2014   |   Author: Daniel Puddicombe

The state of the current used car market is underlining the importance of accurate data, according to automotive data expert Glass's.

The firm said used car values have slipped in the final quarter of 2014 before hitting a low in December, as the firm claims to have predicted in September.

Meanwhile, remarketing giant BCA claimed average used car values climbed in October to reach their second highest point on record to £7429, with its year-on-year values remaining ahead by £574, or an 8.0% uplift.

Across all sectors, used values have been increasing, with the average price falling slightly from July (£8001) to £7748 in October according to BCA's latest Pulse report.