F&I Management & Training

Used car values increased in August for the first time in months according to Auction4Cars, the fee-free car auction website.

A price hike of £177.49 between July and August saw average used car values rise marginally to £2,587.74 (equivalent to a 7.36% increase)

Used cars values have been falling since April, gradually cancelling out the highs of the previous year - bringing them more in line with those of 18 months ago.

Auction4Cars sells 15,000 plus part-exchange vehicles exclusively to the trade. Prices range from £100 to £20,000.

Says Neil Prescott, Group Disposal Manager: "Used car values seem to be holding their own at the moment, despite August traditionally being a quieter month because of the new plate change. We would expect the final quarter of the year to remain similarly unstable."