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Used car prices fall in Q4 2016

Average used prices fell back slightly in Q4 2016 on the back of higher average age and mileage.

jon

Jon Mitchell, Autorola UK’s group sales director.

Latest figures from Autorola UKs online remarketing portal show the average price fell £228 to £8,983 in Q4 from £9,211 in Q3, with the average age increased to a 2016-high of 34 months.

During 2016, Q1 recorded the lowest average used price of £8,798 while Q3 saw the lowest average age at 31 months.

The fall comes as Autorola reports its best-ever December, helped by strong consumer demand and good quality stock.

Talking to dealers, they had a good Christmas period and used demand has continued into January 2017, said Jon Mitchell, Autorola UKs group sales director.

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Natalie Middleton

Natalie has worked as a fleet journalist for 14 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie works across the magazine portfolio and updates the company websites with daily news, interviews and road test content.