Analysis
Jigsaw Finance’s Nigel Hawkins gives his observations on the PCP market
– For the first time in more than 12 months commentators from the auction houses reported a fall in the prices of used cars, between February and March in the region of 6%. However, they also state that the 2013 market will not reflect the price rises experienced during 2012 with the market still depressed.
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– Blame for this fall has been attributed to the change in mix of used vehicles being sold at auction as a result of the increase in the volume of dealer part exchanges. This practise is not uncommon for this time of year as the registration plate changes.
– Most age sectors have seen a reduction in value apart from vehicles under 18 months old. This sector has seen an increase in values over the past 12 months with a rise in sales of about 65%.
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