Used car values set to stabilise
19 June 2019
Used car values are set to stabilise following a period of market correction which has seen petrol values fall more than diesel after reaching a peak 12 months ago.
Speaking exclusively to Auto Retail Agenda, Andrew Mee, head of forecast at Cap HPI, said: “We think the fall from last year’s peak has pretty much run its course and are not far off the point where prices will stabilise for both petrol and diesel. We won’t see the fluctuations up or down we’ve had over the past 18 months.”
Meanwhile, BCA’s latest Pulse market report has seen overall auction values in May rise slightly after “moving through some typical pricing realignment during April and May”.
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