All articles by Tim Naylor
Tim Naylor
Used car values
Average used car sold values fall in April both fleetlease and part-exchange sectors saw price falls.
Fragile confidence leads to volume and value falls at auction
In line with latest statistics published in Motor Finance, BCAs Tim Naylor offers his analysis of Aprils price moves at the auction block A cursory glance at the figures by body shape for April suggests a fairly bullish marketplace, with plenty of demand and rising month-on-month prices.
A mixed month for the used car market
Overall, February was a mixed month for the used car market, with the month starting brightly as the residual demand from January kept prices firm, but with demand seeming to dwindle later in the month which is not unusual as the markets tend to draw breath in advance of the plate change.
Bad weather sees 4×4 sales up 5%
Despite BCAs latest Pulse report showing that average values were flat in November month on month values were exactly the same at £5,792 across the board there were plenty of price movements at the body shape level.
BCA figures: Price movements by body shape
Tim Naylor, who edits the monthly Pulse report, looks at the latest set of BCA figures for Motor Finance in terms of the wider market BCAs latest figures show used values rising in August as supply reduced and professional buyers prepared for the busy autumn period.
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Price movements by body shape
Tim Naylor, who edits the monthly Pulse report, looks at the latest set of BCA figures for Motor Finance in terms of the wider market A number of different factors have come into play in the used car market over recent weeks, all of which might conspire to confuse the real picture of market conditions.
Premium fleet car sales lift average value
Significant shift in model mix mitigated wider price pressure at auction houses in June. Against all expectations, used car values at BCA showed a modest increase in June, with average values recovering most of the loss sustained in May to reach £5,802 a £146 improvement over the previous months figure of £5,656
Model has big influence on price
Tim Naylor, who edits the monthly Pulse report, looks at the latest set of BCA figures for Motor Finance in terms of the wider market Average used car values fell by just over £200, from £5,871 to £5,656, while performance against CAP Clean fell by one and a half points
April brings price pressure
Tim Naylor, who edits the monthly Pulse report, looks at the latest set of BCA figures for Motor Finance in terms of the wider market In many ways, the used car market is assuming the mantle of normality, but in the context of what we have seen over the past 24 months or so, the figures almost feel contrary to what we should expect. Used car price patterns in 2008 generally down and 2009 generally up have been potentially confusing to market watchers
Databank: Monthly Snapshot
BCA is providing Motor Finance with a new price table going forwards, split by body type rather than individual make model This allows BCA to examine data from a basket of circa 25,000 vehicles monthly and draw more robust conclusions about market trends