Motor Industry News
MyCarCheck.com top tips for used car buyers August 2014:
Disco, Mazda6 & Mk5 Golf praised as convertible values slump
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: Land Rover Discovery
- Safe bet: Mazda 6
- Used star: Mk 5 Golf GT Tdi 140/170
Head of Valuation Services at MyCarCheck.com, Gavin Amos, commented: “Our highly desirable model this month is the Land Rover Discovery. The rugged 4x4 has been around in its current guise for some time, and isn’t the best on emissions, yet it remains very much in-demand. 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 ‘Disco’ has a lot going for it.
“In terms of cars that hold their value, safe bets don’t come much safer than the Mazda 6. It might be a little uninspiring but the Mazda 6 has a great reputation for reliability and ticks all the boxes for a modern family car. As always, do your homework and check before you buy.
“For our ‘used star’ this month we’ve chosen the mark 5 Golf GT Tdi 140/170. After all these years this model still looks fresh and even high mileage examples still drive well. As a result, used values remain strong with buyers aplenty. 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 Car Valuations at MyCarCheck.com, Alan Senior, commented: “We are seeing a similar slowdown in retail activity to this time last year. As usual in July and August, consumers are thinking more about paying for their holidays than changing their car.
“As a result, values are down overall by 2%, but for many convertibles it is more like 4-5%. Interestingly, this is not the case for desirable SUVs – a true insight into the changing buying habits of the general public.
“At present you could be forgiven for thinking that we are still in the depths of a downturn in new car sales. The number of franchise dealerships displaying cars with distress stickers plastered down the sides, advertising ridiculously low deposit and monthly payment terms, is quite alarming. It is not just the volume manufacturer dealers that are playing this game. Some Volvo dealers are doing the same thing, which has the effect of cheapening the brand, as the likes of Jeep seem to have done.
“Internet sales continue to gather pace as more buyers demand more choice. They seem to have largely overcome the fear of buying unseen, with more dealers offering a money-back promise if not completely satisfied on inspection of the car. Many dealers are also looking to offer a supermarket style delivery-to-your-door service to stay ahead of the competition. Selling cars in this way is certain to grow even more rapidly over the next couple of years.”
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