{"id":1050,"date":"2014-10-03T14:57:54","date_gmt":"2014-10-03T14:57:54","guid":{"rendered":"https:\/\/dev.lnetdev.uk\/thevra2026\/?p=1050"},"modified":"2014-10-03T14:57:54","modified_gmt":"2014-10-03T14:57:54","slug":"used-car-trade-values-slip-volume-set-keep-growing","status":"publish","type":"post","link":"https:\/\/dev.lnetdev.uk\/thevra2026\/used-car-trade-values-slip-volume-set-keep-growing\/","title":{"rendered":"Used car trade values slip as volume is set to keep growing"},"content":{"rendered":"
\n

Values in the used car trade market are now slipping and underperformed in September compared with the same month last year, according to CAP Automotive.<\/strong><\/p>\n

Ongoing strong demand from retail used car buyers has helped to prevent the worst downward pressure from a rise in supply that still has some way to go, says CAP.<\/p>\n

Volumes of cars in stock at auctions are reported by CAP as well in excess of this time last year and only sale conversion rates of around 76% have been preventing values from falling more rapidly.<\/p>\n

The analysis comes in the latest market commentary from CAP\u2019s Black Book Live, the real-time trade car price trending and benchmarking tool.<\/p>\n

Demand in the retail and trade markets has been strong throughout the summer and CAP\u2019s observers were surprised by the level of interest in sourcing used car stock at auction from franchise dealers in particular, during September.<\/p>\n

Generally, franchise dealers tend to be focused on retailing part-exchanges taken during a new registration month, rather than seeking stock in the open market.<\/p>\n

However, there were signs of demand slowing in the final days of September, which CAP says may herald further softening in trade values.<\/p>\n

Black Book Live senior editor Derren Martin, said: \u201cOur editors attending auctions have been consistently reporting problems finding a parking space and that is always a sign that supply and demand are high.\u00a0 And when you also take into account the increased popularity of bidding on-line,\u00a0 demand has certainly been strong.<\/p>\n

\u201cThis has certainly been particularly welcome because our analysis of supply shows an increase of around ten per cent on last year.<\/p>\n

\u201cIn general, trade values in Black Book Live have dropped this month, but only by a small percentage.\u00a0 In most years this would be considered a normal market dynamic but last year the September change was a small upward movement in our reported values.<\/p>\n

\u201cCaution is now advisable because we still await the main influx of used cars generated by recent retail sales and fleets swapping into a 64 plate.<\/p>\n

\u201cNonetheless, the retail scene still looks good for the time of year with franchise dealer footfall a little higher than at this point a year ago.<\/p>\n

\u201cWe now expect volumes of used cars to increase over the coming weeks and the key to trade price patterns will be retail demand.\u00a0 There is no sign of that dropping away at this moment but if it does, the balance will inevitably sway toward more rapidly reducing values.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Values in the used car trade market are now slipping Read More…<\/a><\/p>\n","protected":false},"author":4,"featured_media":79,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[30,139],"class_list":["post-1050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-remarketing-news","tag-cap","tag-used-cars"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/1050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/comments?post=1050"}],"version-history":[{"count":0,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/1050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/media?parent=1050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/categories?post=1050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/tags?post=1050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}