Motor Industry News
MyCarCheck.com top tips for used car buyers July 2014:
X-Trail, A5 and Swift praised + musings on Network Q legacy
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: Nissan X-Trail
- Safe bet: Audi A5 2.0TDi Coupe
- Used star: Suzuki Swift
Head of Car Valuations at MyCarCheck.com, Alan Senior, commented: “Our highly desirable model this month is the pre-2014 Nissan X-Trail. It’s a good all year round vehicle that will get you through the snow in winter and tow the caravan in summer. There are plenty available to suit all budgets and they’re not too expensive to run. 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 isn’t still on finance – the X-Trail has a lot going for it.
“In terms of cars that hold their value, safe bets don’t come much safer than the Audi A5. This car oozes class and the excellent 2.0tdi engine is the pick of a good bunch. Because it is such a popular company car there are lots to choose from, and the running costs are very reasonable. Coupes are down on value across the board at the moment, so there are bargains to be had. As always, do your homework and check before you buy.
“For our ‘used star’ this month we’ve chosen the Suzuki Swift. The cheeky looks make this an ideal choice for the young and young at heart, and it is much more reliable than other superminis we could mention. When it comes to negotiating, 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, Head of Valuation Services at MyCarCheck.com/Trade, Gavin Amos, commented: “July brings little change to the used car market. Although demand has tailed off slightly, used values remain buoyant. Only older vehicles have seen a reduction this month, mostly just 2-3%.
“The shortage of good used stock is ensuring that even though enquiry levels may be down due to the summer lull, the right cars are still in demand. With the downsizing trend continuing, Corsa, Fiesta and the Korean competition are thriving as late used cars. A small petrol engine is no issue for these vehicles in a market still dominated by the mighty diesel.
“Auctions are attracting more and more private and overseas buyers who are bidding way over market value for prime retail cars. As always, clean vehicles with full service history go first.
“Dealers are still buying direct from the manufacturers to safely feed used demand, even switch-selling some customers from new cars. This is especially true in long lead-time situations. In some cases, buyers are being asked to wait until next year for a factory build slot.
“Over the last few years the internet has transformed the buying process for retail customers. Vehicles for sale throughout the country are now available to view on-screen via various channels.
“With this has come an element of trust from retail buyers. It used to be very rare for someone to part with their hard earned cash without seeing and driving the car. Now, main dealers are conducting a huge percentage of their used car sales via the internet and telephone.
“This is partly thanks to the exacting preparation standards put in place by the likes of Network Q all those years ago. Manufacturer approved used car schemes offer customers peace of mind. Strangely, the sales process seems far simpler for both parties when the customer never steps foot into a dealership.”
MyCarCheck.com’s parent company, CDL Vehicle Information Services, performs over a million look-ups a day for companies including AutoExpress, CompareTheMarket, Confused.com, Go-Compare, Moneysupermarket, Swiftcover, Tesco Compare and WhatCar?.
It uses up-to-the-minute data from the Police (NPIA – previously known as the Police National Computer or PNC), the Driver and Vehicle Licensing Agency (DVLA), the Association of British Insurers (ABI) and major finance houses including Lloyds TSB and Santander.
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