Dealer Auction reports ‘very strong demand’ for franchised dealer part exchanges offered online throughout August.
Average used values were down slightly on the previous month, from £3,361 in July to £3,120 in August. However, profits per vehicle increased by £24.47 (from £176.60 to £201.07) over the same period and performance against Cap Clean remained strong and stable, at 99%.
For premium brand trade stock, average vehicle values were down slightly, from £6,215 in July to £5,720 in August. Average percentage profit against the vehicle value was 4.8% (£274.56 per unit), an increase of £20.54 on the previous month. Overall the premium sector remains healthy, with performance against Cap at 98%.
Gavin Smith, director of Dealer-Auction, commented: “The conversion rate for first time listings has continued to be strong.
“Although average values have seen a slight decrease this has been largely due to an increased number of slightly lower value part exchanges.
“The demand for trade stock, and particularly those generated from franchised dealers, is as strong as we have seen for quite some time.”
Figure 1 All Part Exchange Stock
Figure 2 Premium Brands