The average price of a used diesel car fell by 10.3% between Q1 2017 and Q4 2018. Diesel car values dropped 5% through 2017, on the back of consistent negative news about the fuel, and new data shows that slump continued through 2018 at a near-identical rate. The analysis from car buying comparison website Motorway.co.uk also shows equivalent used petrol prices increasing 10% between Q1 … [Read more...]
VW camper holds strong residuals for “staycations”
Owners of Volkswagen California camper vans are sitting pretty after data from automotive experts reveals that the vehicles are experiencing very little depreciation, making them a much sought after investment for motorists who love life on the road. Based on the 2.0 California TDI BlueMotion Tech Beach 150 5dr DSG model (1767 plat), the depreciation is 3% of its original cost new (£44,022) … [Read more...]
Don’t catch a cold with a winter 4×4, says hpi
As the weather takes a turn for the worse, many motorists may consider buying a 4x4 for the winter months. hpi say that recent models to launch that have seen low to zero depreciation and they are Seat Ateca, Skoda Kodiak and Ford Kuga. hpi recently launched a vehicle valuations service to give consumers the ability to buy and sell cars with utmost confidence offering … [Read more...]
The true cost of buying your next car is explained
A new car loses approximately 20 per cent of its value when it’s driven off the showroom forecourt, and cars lose between 15 - 20 per cent of their value each year, so it pays to have an understanding of deprecation when you’re buying a car. However, the numerous makes, models and colours will all hold and lose their value differently, so a bit of research in advance can make the difference … [Read more...]
Newslines 7 October
The new Ford Mustang outperforms the Porsche Cayman and even Nissan GT-R when it comes to keeping ahead on used value. Experts at cap hpi found the latest generation of the classic US sportscar held onto 99.5% of value over 10,000 miles, well ahead of its rivals, with just over 2,300 registered on UK roads this year. Three new engines have been added to the … [Read more...]
Used car market is becoming saturated, says Glass’s
The used car market is starting to reach the long-predicted tipping point into oversupply with values coming under pressure as a result, reports Glass's. Rupert Pontin, Head of Valuations, said that the volume of vehicles at auction had already increased by 3.7% in 2016 and that a wide range of models were starting to fall in value as a result. "We have been predicting this development for a … [Read more...]