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Online used car prices steady in Q3

The average prices of used cars sold online via Autorola UK’s online remarketing portal remained steady in Q3 2015, falling by just £4 to £8,838 from Q2.

Online used car values have remained stable throughout 2015, with prices fluctuating just £197 between the quarter one average of £8,641 and the Q3 average of £8,838.

The average age of used cars also remained consistent in Q3 at 33 months while average mileages increased slightly from 21,096 in Q2 2015, to 21,325 in Q3 2015.

Jon Mitchell, Autorola UK’s sales director, said: “Demand has remained extremely healthy across the spectrum from with nearly-new cars up to 12 months old and to 3-4-year-old cars, with dealers buying used cars to keep their forecourts busy.

“This year is yet another when the industry has invested time and effort into further developing their used car businesses and they are being rewarded with increased profitability, on the back of growing sales volumes.

“We expect this healthy used demand to continue into Q4 2015, although December can slow slightly as dealers reduce their stock as they complete their financial year end.”

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