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Tootle records 16% October rise in used car prices

Gordon Tulloch, chief executive of Tootle, and his team

Tootle has recorded a 16% month-on-month rise in the average value of used cars sold via it online trading portal as mileage and age continue to fall.

The online platform which aims to connect private car sellers with trade buyers has shown that the average price of a vehicle sold via the service rose by £1,685 from September to October to an average selling price of £12,043.

Oli Treleaven, account manager of Tootle, said: “October saw an influx of newer vehicles with lower mileage come to the Tootle platform with prices rising accordingly, and sales continuing to grow.”

A similar trend has been seen year-on-year by Tootle. Digital director Amy Buckley said: “Since launch our offering has resonated with all types of seller, but over the past 12-months we’ve seen strong growth from customers who eschew typical car buying services but really value the simplicity of selling to trade.

“As we build further awareness of our brand it’s expected that we’ll continue to see excellent growth in business from this audience.”

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