Originally Posted by
matts1
ALL cars have taken a whack in the last 6 months. The fact is though that a limited run car like the RS will retain decent value in comparision to a bogo mass produced bass model.
?
bit wrong there matey,
i use the biggest car auction group in Europe and heres what the real crack is in used cars.
Visit BCA Europe homepage
Welcome to Europe's largest vehicle auction company > Latest News
view site as text only
Recent News
VALUES RISE AGAIN IN USED MARKET
05/03/2009
BCA Pulse - February 2009
The latest BCA Pulse report for February shows that average used car values have risen for the fourth month running. February 2009 posted a £435 rise against January (up 8.4%), which was itself £300 up on December’s figures.
Performance against CAP continues to improve, increasing by over six points to 103.61% - the highest monthly figure on record for all-sector values since Pulse began reporting. This follows last month’s increase of nearly seven points, which had itself set the highest figure recorded in well over a year. Year-on-year, the CAP performance was over six points ahead of February 2008. This is largely as a result of the market moving faster and more positively than anyone predicted, including the guides.
While average monthly figures remain behind those recorded in 2008, the difference is narrowing – February 09 was just £282 adrift of February 08, while in January the gap was over £650.
Stock from all sources has been even more limited in February than it was in January. The continued high demand from professional sellers combined with the relative dearth of stock has kept sale conversions high - averaging over 90% at BCA in February - and values firm.
BCA Communications Director Tony Gannon commented “There is now little doubt that used values are making a seasonal but possibly significant recovery from the low points of last year. While a seasonal uplift in January and February has been commonplace in recent years, the strength of this has come as something of a surprise in 2009 considering the continuing economic conditions – much as it did in 2008, in fact. Possibly the market is experiencing some deferred demand from last year, as potential buyers held back from any big-ticket purchases as the economic turmoil became apparent.”
Average Sales Data - All Sectors at BCA
All sectors
Age (mths)
Mileage
Av Sold (£)
Av CAP (£)
Vs CAP (%)
Jan 08
53.04
54442
5880
6126
95.99
Feb 08
54.32
54993
5853
6044
96.84
Mar 08
56.55
55666
5400
5657
95.47
Apr 08
56.36
55281
5406
5777
93.58
May 08
55.71
55749
5462
5888
92.76
Jun 08
55.24
55380
5115
5559
92.02
Jul 08
54.58
55623
4949
5484
90.25
Aug 08
54.22
55264
4765
5284
90.18
Sep 08
54.71
54696
4812
5241
91.82
Oct 08
53.93
54916
4743
5217
90.92
Nov 08
51.92
53906
4823
5384
89.59
Dec 08
50.07
52646
4836
5577
90.61
Jan 09
50.84
52426
5136
5282
97.23
Feb 09
53.45
54074
5571
5376
103.61
With four consecutive months of price rises across the widest basket of cars, the BCA Report suggests a recovery in average used prices has occurred.
But the question remains how sustainable is this recovery? Gannon added “While supplies of vehicles are relatively thin in the wholesale market, it is likely that average prices will be maintained at this higher level. With no indications that volumes are going to ramp up hugely over the next few weeks, BCA expects March to remain fairly strong and with a late Easter, April may also be relatively buoyant. The post-Easter period and the run-in to the summer months may prove more problematical for vendors, however, particularly if volumes