Motor Industry News
MyCarCheck.com top tips for used car buyers March 2014:
A-Class, Superb and 5 Series GT praised as 4x4 values dip
MyCarCheck.com - the UK’s No.1 consumer vehicle data provider - has saved millions of people from making an expensive used car mistake. In these monthly bulletins its used car experts reveal significant trends in the UK market and suggest three wise buys.
- Highly desirable: Mercedes-Benz A-Class
- Safe bet: Skoda Superb
- Used star: BMW 5 Series GT
Head of Valuation Services at MyCarCheck.com, Gavin Amos, commented: “Our highly desirable model this month is the Mercedes-Benz A-Class. Still fairly new, the latest A-Class cars really look the part. So long as you carry out a history check to ensure the one you’re looking at is what it claims to be – for instance, that it hasn’t been clocked and isn’t still on finance – then this is a tempting way to get the prestigious Mercedes badge on your drive.
“In terms of cars that hold their value, safe bets don’t come much safer than the Skoda Superb. Having all but overcome the badge snobbery issue, this roomy family car ticks all the boxes for more rational buyers. Stacked with tons of equipment as standard, it’s a great way to get a quality VW product without paying premium prices. There are more of them about now so used buyers can afford to be picky. Do your homework and check before you buy!
For our ‘used star’ this month we’ve chosen the BMW 5 Series Gran Turismo. The GT’s looks aren't to everyone's taste and this quirkiness ensures that even good, clean examples lose bucket loads of value in the first couple of years. Compared to list price, the 5 Series GT is a real used car bargain. When it comes to negotiating on price, bear in mind that the audience for this car is somewhat limited. Remember, as well as revealing a car’s history, MyCarCheck.com also provides vehicle valuations – a great tool for haggling with dealers or private sellers.”
As to market trends, Amos commented: “A new registration month is upon us once again. Usually in March the trade eagerly await part-exchange gems to restock their forecourts. This year might not be quite so straightforward. The well-publicised shortage of good, clean retail stock continues.
“Some large dealer groups are continuing to push their ‘non franchise’ used vehicle pitches. Older and previously auction-bound cars find their way here. There are, however, issues with this approach. The ‘non franchise’ vehicles are not prepared as part of a manufacturer backed scheme. As such, they are frequently not up to the same standard.
“On the whole, demand remains strong and, as a result, values remain stable. Many prestige brands, such as Audi, experience supply issues due to the huge demand for new vehicles, this keeps values very strong on low mileage examples.
“The lack of blizzard-level snow has had a slight impact on 4x4 sales. Some dealers stocked up in anticipation of adverse weather. It hasn’t happened so some values are starting to drop, but only by 1-2%. A lot of the 4x4s that are out there are the ‘fashionable’ examples, such as Evoque and Q5. These are immune to weather-related trends due to constant demand.”
Over the last couple of years, MyCarCheck.com, MyMotorCycleCheck.com and MyTextCheck delivered around 4.5m consumer checks including those via AutoExpress and WhatCar?.
We use up-to-the-minute data from the Police National Computer (PNC), the Driver and Vehicle Licensing Agency (DVLA), the Association of British Insurers (ABI) and major finance houses including Lloyds TSB and Santander.
Our information is trusted by the UK's leading brands. MyCarCheck.com’s parent company, CDL Vehicle Information Services, performs around two million look-ups a week for companies including CompareTheMarket, Confused.com, Go-Compare, Moneysupermarket, Swiftcover and Tesco Compare.
To help UK consumers make the right choice, MyCarCheck.com can confirm in seconds whether your potential pride and joy has ever been scrapped, stolen or written-off, has any money owing on it, has had a plate or colour change and much more.
Know what you’re getting into: MyCarCheck.com