Used car prices are set to come under pressure in September as higher volumes of ex-fleet and dealer part-exchange vehicles hit the wholesale market. Values fell back slightly in August with each sector recording a decline compared to July, according to BCA.<\/p>\n
Simon Henstock, BCA\u2019s UK operations director said: \u201cThe short term prospects suggest that volumes will rise from mid-September onwards as greater numbers of dealer part-exchange and ex-fleet vehicles begin to reach the wholesale markets.<\/p>\n
\u201cWhile the best quality stock \u2013 the condition one and two cars \u2013 will continue to attract a lot of buyer attention and achieve strong prices as they have done all year, it is the poorer presented vehicles that typically feel the price pressure.<\/p>\n
\u201cIf the market conditions tighten then these vehicles will need to be competitively priced if they are to be sold.\u201d Manheim said average part-exchange values were up 1.7% month-on-month in August, and year on year were up 9.4%.<\/p>\n
Daren Wiseman, valuation services manager at Manheim, said: \u201cDespite some talking down of the used vehicle market at the end of July, we saw a strong month of sales in August, with values trending positively. \u201cWe may see lower growth in values as volumes increase over the next four to six weeks as expected.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"