Tag: Part exchange

car mechanics

Average selling price for part-exchanges up – Manheim

The average selling price for part-exchange cars in March was £3,600 – 2.6% (£90) higher than in February and 4.7% (£162) up year-on-year. According to Manheim, the strongest performers at its auctions compared to February were executive cars, which saw prices rise by 13.6% (£836) and superminis, the average selling prices of which increased by

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car mechanics

Unrealistic part-ex values set to hit September trade-ins

Auto Trader warned that nearly one in five trade-in deals during September could fail as a result of breakdowns in part-exchange negotiations between dealers and customers. The warning comes as the online classified giant predicted it would generate 1.2 million used car valuations over the course of the 65 plate-change month and repeated its prediction

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car mechanics

Dealerweb launches iPad part-exchange appraisal app

Dealerweb has launched a new part exchange appraisal application for iPad. DealerwebPro has been designed to bring a thorough, professional and consistent approach to valuing customer part-exchange vehicles and to replace dealers’ paper-based part-exchange appraisal forms. The app allows sales staff to capture numerous images of the vehicle and save them on the app, and

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car mechanics

Part-exchange values drop but dealer demand still strong for ex-fleet cars, says Manheim

Motor auction group Manheim reports that ex-fleet cars rose in price in April however dealer part-exchanges suffered a drop in value. The month-on-month decline in average part-exchange value by £71 to £3,367 was despite stock being younger and having lower mileage than in the previous month. However April’s result showed part-exchanges were still valued £351

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car mechanics

The HM Revenue and Customs’ (HMRC) willingness to challenge sales values used in VAT calculations has been highlighted in a VAT appeal judgement, according to ASE.

ASE’s tax director Michelle Malone said: “The N & M Walkingshaw case considered whether prior to 1992 an over allowance on a part exchange vehicle could be treated as a discount on the sale of the new vehicle. This would have led to a reduction in the amount of VAT that had to be declared

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