Tag: October

car mechanics

Average dealer profit rises 40% to £7,000 in October

In the 12 months to October the return on sales was 1.3%, well down on the 1.47% achieved in the 12 months to October 2014, according to dealer profitability specialist ASE. The fall is a result of a 7.5% fall in year to date profit being exacerbated by a 3.9% rise in turnover levels. October

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car mechanics

Average used car prices up 0.9% in October

The average sale price of a used car increased slightly by 0.9% to £5,441 from £5,263 in October, according to the National Association of Motor Auctions (NAMA). NAMA’s monthly report shows sales volumes for October rose by 2.4% in comparison to September 2015. In terms of a year on year comparison vehicle auction sales rose

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car mechanics

Average used car values reach record levels in October

The prices of used cars sold at auction reached record levels in October, the monthly BCA Pulse report has revealed. The headline value increased by £290 (3.7%) compared with September, to £7992, while year-on-year average values were up by 3.1% to £244. The average age of the used vehicles has remained static compared with last

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car mechanics

Used volumes build and residual values slip in October

Average used values dropped by 2.2% with an expected seasonal slide, according to the latest figures from CAP. Derren Martin (pictured), senior editor at CAP Black Book, said: “Based on Black Book Live movements in October, this year is following the same trend as last year. Last year saw decreases of over 5% in the

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car mechanics

Diesel used car values outperform petrol cars in October

Values of diesel cars fell by less than petrol cars in October despite the scandal surrounding Volkswagen and its diesel emissions cheating software. This was the finding of CAP Black Book Live, which monitors price movements on an ongoing basis. It said where particular VW diesels dropped in price, the prices had been dropping prior

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