Monday, February 12, 2007
Used car market buoyant says Manheim
MANHEIM AUCTIONS says the UK's used car market remained buoyant throughout 2006.
Used car stability continued into the last quarter of 2006 against a particularly strong wholesale market from June through to September 2006.
Volumes in Q4 2006 fell in line with seasonal expectations, but were still a good way above the level seen in the same period in 2005.
Overall average values in Q4 remained at the highest level seen, hovering just under £6,200 (up £588 on the same period in 2005), whilst the % retained against Cost New remained extremely strong at 39.7% (up 3.2% v Q4 2005).
Age and mileage of used cars remained virtually unchanged in Q4, averaging 39 months and 51,000 miles respectively, confirming the true buoyancy of the market in this period.
DATED: 12.02.07
FEED: AW
Used car stability continued into the last quarter of 2006 against a particularly strong wholesale market from June through to September 2006.
Volumes in Q4 2006 fell in line with seasonal expectations, but were still a good way above the level seen in the same period in 2005.
Overall average values in Q4 remained at the highest level seen, hovering just under £6,200 (up £588 on the same period in 2005), whilst the % retained against Cost New remained extremely strong at 39.7% (up 3.2% v Q4 2005).
Age and mileage of used cars remained virtually unchanged in Q4, averaging 39 months and 51,000 miles respectively, confirming the true buoyancy of the market in this period.
DATED: 12.02.07
FEED: AW
