\n
\n
BCA has warned of price pressure on late-plate vehicles because of the number of pre-registered cars in the market and the competitive deals on offer on new cars.<\/p>\n
\u201cThere is pressure on the values of late plate vehicles due to the attractive deals available on new and PCPs and the availability of pre-registered vehicles in the marketplace,\u201d said Simon Henstock, BCA UK chief operating officer remarketing.<\/p>\n
BCA also said that older cars were coming under pressure.<\/p>\n
\u201cValuing older and poorer quality cars accurately is crucial to tempt the buyers.\u00a0 The price of scrap has fallen and this has effectively removed the safety net for these low value vehicles.\u201d<\/p>\n
\u201cThe relatively mild weather has also meant that the seasonally strong performance for the 4\u00d74 sector hasn\u2019t really reached expectations.<\/p>\n
\u201cJanuary saw a well-balanced marketplace in terms of supply and demand, with plenty of appetite for used cars across the board.<\/p>\n
\u201cHowever, average prices dropped slightly compared to the back end of 2015 and while there is a lot of demand for good retail quality stock, there are challenges at the extremities of the market.\u201d<\/p>\n
Average values for dealer part-exchange cars improved in January following two months of decline.\u00a0 Values rose by 1.6% to \u00a34,316.<\/p>\n
The average value of a used car in January fell 2.1% to \u00a37,877 compared to December.\u00a0 Year-on-year, average values were down by 1%.<\/p>\n","protected":false},"excerpt":{"rendered":"