Vehicle preparation is key to high RV values, says Glass's
18 May 2015
Author: Daniel Puddicombe
Vehicle preparation is key to sellers maximizing residual values over the next few years thanks to used car availability increasing, according to vehicle data provider Glass's.
According to the head of valuations, Rupert Pontin, vehicle condition had been of less importance in recent years because the number of vehicles for sale had been low.
Pontin said that thanks to the availability of used cars being low in recent years sellers had not found it necessary to invest in preparation unless vehicle damage was bad enough for it to affect the value of the car.
"That picture is changing. Stock availability is growing quite quickly and will continue to do so over the next few years. That means more choice for buyers and only the best presented vehicles will reach the desired values," said Pontin.
"We are predicting that there will be greater emphasis placed on vehicle preparation through the remainder of 2015 and into 2016 as sellers look to try and achieve the prices they want in a market that is no longer as receptive to their wares."