Values at the one-year age dropped by an average of 3.6% in the month, equivalent to c.£1,225, not helped by more late-plate cars and some pre-registration activity. At older ages, values dropped by 4.3% at five years and by 4.5% at 10 years, equating to £550 and £240, respectively.
Albert Parnell’s appointment represents another investment in buyer engagement from the group, following the introduction of Buyer Executives at each site. He will be on site for every EV sale, ready to support buyers with any questions they, or their customers, may have.
Some EV prices are showing signs of being on par with their ICE equivalent for the very first time which makes choosing between petrol and diesel and an EV more straightforward for consumers. The biggest loser in Q2 were hybrids that fell by 5.6% (£1,198) to £18,280 despite average age falling to 47 months and 45,786 miles.
Sixteen out of the top 20 used cars in Aston Barclay’s May desirability index were high value premium models led by the Range Rover Velar. This included the Audi Q7 and A7, Mercedes GLC and GLE and Range Rover.
Following the past 18 months of establishing a new sales team and building the vendor base, Mark Hankey, Chief Revenue Officer, is transitioning to a more flexible working arrangement.
Eight out of the ten used cars in the March desirability index are higher value premium used cars with dealers protecting their cashflow by only bidding on these cars to fulfil sold orders.
Partnership aims to increase the speed at which dealers can dispose of unwanted or overage stock. Once the used vehicle has been electronically assigned to Aston Barclay via Navigator’s vehicle stock management system it will be offered for sale both physically and online at any one of its six auction centres.
Paul Rigby is one of the few family-owned dealer groups left in the UK and runs seven franchised businesses in the UK, two Volvo, two MG, one LEVC, one Hyundai and one Polestar. It expects to sell around 1,000 units through Aston Barclay in its first year.
Aston Barclay identifies the most desirable used cars each month by using three key metrics: web views prior to sale, number of physical and online bids per sale and the sale price achieved as a percentage of CAP Average
With retail demand softening in recent months dealers are proactively adjusting their stocking policies accordingly. They continue to protect their cashflow by bidding on and buying higher value premium cars to order. Many dealers stocked up on higher value used cars after Xmas and have slowly run them down in favour of lower cost, higher turnover stock.
