Q2 online used car prices set new high, reports Autorola
The firm’s data shows that the average price increased by £201 from £8,641 in Q1 to £8,842 in Q2 2015. The previous highest was £8,641 in Q1 2015.
The average age of used cars sold on the Autorola online portal in Q2 remained at 33 months, while average mileage fell slightly by 416 miles from 21,512 miles in Q1 to 21,096 miles in Q2.
“Generally the used market was strong across Q2 for both buyers and sellers on the back of a strong new car market in March,” explained Jon Mitchell, Autorola UK’s sales director.
“Volumes of part exchanges increased on our portal and we saw some increased volume from our fleet and rental vendors which were swallowed up by the market.
“Some industry commentators are reporting a slowdown in demand and prices, but our stock mix at an average age of 33 months and 21,096 miles is the cream of the used crop for buyers, which is why we believe we are bucking the trend.”
At the end of Q2, Autorola had just over 13,800 used cars and vans on its portal, almost a record high for its UK business.