The value of dealer part-exchange vehicles
fell 1.3%, January to February, to £2,348, and overall average
values for remarketed values were up by 3.1% to £7,030 over the
same period, according to auctioneer Manheim.
The results are close to
those of British Car Auctions which found the overall value of
second-hand cars up 3.7% to £6,244 and part-exchanges down 2.5% to
£2,847, over the same period.
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Manheim has also announced its Colchester site
will host the largest auction of BMW Group models outside of North
America on 23 March.
More than 1,000 BMW and Mini models will go on
sale, including ex-fleet, exclusive and Alphabet stock, to
franchised dealers,
of which Manheim is seeing more, trade buyers and the general
public.
richard.brown@vrlfinancialnews.com
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