New Car Sales January 2016

Average Used Car Price Increase During July 2016

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Luxury cars pricing and used car sales helped to bolster the used car market which increased by a slight 0.1% in July, according to Motors.co.uk.

The online website recorded the change through its transactions throughout the month, with the average price of a used vehicle rising slightly to £12,472.

The wholesale market at Manheim’s auctions saw its average selling price drop by 3.4% month-on-month, but within that figure the luxury segment saw selling prices up by 6.5%.

A spokesman for Manheim said: “While the average wholesale selling price was largely affected by the 3.9% decrease in ex-fleet car values, which fell to £9,822, it was bolstered by a slight rise of 0.5% in the average selling prices for part-exchange stock, which rose to £3,529.”


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