Used car prices increased year-on-year in April in wholesale and retail markets.
Average used car selling prices increased in March, fuelled by high buyer activity, according to Cox Automotive brands.
Used car prices rose in the wholesale and retail markets in December.
The average selling price for part-exchange cars in March was £3,600 – 2.6% (£90) higher than in February and 4.7% (£162) up year-on-year.
The average selling prices of part-exchanged 4x4s rose at Manheim’s auctions in February.
The average selling price for part-exchanged cars sold by Manheim in October increased by 5.2% (£177) year-on-year.
Values for ex-fleet cars sold by Manheim reached their highest levels for at least 12 months in September.
Motor auction group Manheim reports that ex-fleet cars rose in price in April however dealer part-exchanges suffered a drop in value.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
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