PRESS RELEASES AND INDUSTRY NEWS FROM CONCORDE AUTO CENTRE
The place to find press releases from Concorde Auto Centre and what's new in the automotive services industry

Used Car Values Update

Published: Thursday 9th of May 2013 | Author: Katie | Category: Industry News

The latest Used Car report from leading vehicle auction company, British Car Auctions (BCA) shows that year-on-year values were up by over 17% in March, although prices declined marginally by 0.7% when compared to February, 2013, according to thisissouthdevon.co.uk.

Simon Henstock, BCA's UK Operations Director commented: "Although average values continue at near record levels, prices are high largely as a result of the constricted supply rather than strong demand”. It’s a very fragile balance that can affect the timing of buying and selling a used car dramatically. While retail demand is expectedly muted by economic uncertainty and subdued consumer confidence, there is adequate activity to justify continued stock purchase, says CAP. (CAP Black Book, the benchmark guide to used car prices)

March, 2013, recorded the fourth highest average monthly value since BCA's reporting began in 2005. However, post-Easter, BCA has seen buyer demand weaken with conversion rates falling in the first week of April, suggesting there will be some pressure on values in the weeks ahead.

Typically this time of year witnesses a softening of demand, but it remains to be seen whether this will be the case in 2013. We can already see a notable reluctance for trade buyers to bid as strongly on poorly presented vehicles. “Values for cars requiring any significant degree of cosmetic work were hit the hardest”. (thisissouthdevon.co.uk)

Due to the ever-changing nature of the used car market used car buyers are even shunning high cost, economical diesels in favour of more affordable petrol cars, say remarketing experts. "Vehicles such as the Peugeot 107 and 308; Toyota Aygo and Yaris; Kia Picanto and Rio; and smaller [petrol] models from the likes of Ford, Mazda and Suzuki are continuing to gain ground”, according to businesscar.co.uk.

Used car values across the board averaged £7,000 last month, down by £56 compared to February but significantly ahead of March, 2012, by £1,026 (17.1%).

Concorde Auto Centre advises motorists to bring your car in for a regular Car Service from only £60. Plus get a FREE MOT when you book a scheduled service! 

Concorde also offer:

Brakes from only £30 

MOT for only £20

Clutches from only £78

Tyres including fitting from only £25!

Call our new Leicester branch on 0116 366 0555 or visit http://concordeautocentre.com/branches/leicester 

Call 01733 340212 for Concorde Peterborough or visit http://concordeautocentre.com/branches/peterborough

Call 01945 582252 for Concorde Wisbech or visit http://concordeautocentre.com/branches/wisbech

About Concorde Auto Centre

With branches in Cambridge,   Coventry,   Leicester,   Milton-keynes,   Northampton,   Norwich,   Oxford,   Peterborough,   Swindon and Wisbech,   Concorde Auto Centre offers a wide range of professional services with highly trained auto technicians always on hand to fit new parts or to offer advice to our loyal customers. Call us today to get the best prices on new car tyres fitted, winter car tyres fittedwheel alignmentcar exhaust systemsair conditioning rechargesreplacement brake pads and discsbooking in your car for its MOTcar servicingcambeltsshock absorbersengine rebuildsvehicle diagnosticsclutchesbatteriestow barsturbo inspection and  car gearboxes


Request a callback from our customer support team

CUSTOMER FEEDBACK

"Had two front tyres done on the wife's car it was quick and easy to book, price was competitive. The service at the garage was efficient and friendly. I will use them again over kwik fit any day. The Peterborough branch was easy to get to, clean and the staff were great. "

CLIVE - 12 Aug 2013

Choose Concorde Auto Centre for replacement Brakes, Pads and Discs with prices from only £30

Book your next service with Concorde Auto Centre from only £60

Concorde Auto Centre fit tyres from leading brands with prices from £25

Book your next MOT with Concorde Auto Centre for just £20


 

Concorde