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
The last few years had taught at least some manufacturers that there were greater profits to be made from reducing supply and keeping new vehicle prices high. However, when supply was cut substantially during the pandemic, many car makers found that they were able to make equivalent or greater profits despite selling fewer units. Reduced volumes meant that they could keep prices higher.
All BCA Forecourt Ready vehicles are enhanced to be better than a Grade 1 cosmetic condition, and all also have a clean Assured mechanical report. Every vehicle has recently passed a MOT – with BCA rectifying any mechanical and safety issues - and all vehicles have been serviced. This new offering will generate a sustainable source of retail quality stock that is expected to meet the approved used vehicle selling standards of most UK retailers.
Many of the network’s 1,300-plus dealers already have the relevant regulatory permissions to sell RAC GAP Insurance but now a pioneering arrangement has been made for the remainder to offer the product using a third party.
The demand for well-specced luxury SUVs in popular colours between £20,000 and £50,000, has heavily influenced this month’s index with dealers happy to do battle to secure the right vehicle.
The now Bristol Street Motors Motornation site was acquired in December 2021 and has undergone significant refurbishment ahead of its opening. This includes an overhaul of soft furnishings, new signage and a state-of-the-art service centre for servicing and repairs.
While the sector remained quite buoyant, the market peak had now probably been passed, caused by factors such as the cost of living crisis and more competition for spending as the pandemic hopefully came to an end.
New car prices having risen (47% of consumers) is the number one factor mentioned behind a developing trend for buying used rather than new, followed by not being able to afford a new car (25%) and used cars offering better value than new (24%).
Motonovo’s latest wave of its long-term, independently undertaken research shows that the research phase of a car purchase by consumers is dominated by online marketplaces and other online search tools, but the position is reversed entirely in the final decision-making processes.
In some cases, CAZs will see daily charging for non-compliant vehicles, while there will be no charge in others. In Scotland, the four LEZ city centres will see such vehicles banned entirely. Rather than a non-compliance charge, the LEZ will see owners of ineligible motors issued with a Penalty Charge Notice.
