Motor Industry News
MyCarCheck.com top tips for used car buyers November 2014:
Golf GTD, Yeti and Mercedes ML praised as market remains strong
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: Golf GTD Mk6
- Safe bet: Skoda Yeti
- Used star: Mercedes ML
Head of Valuation Services at MyCarCheck.com, Gavin Amos, commented: “Our highly desirable model this month is the Golf GTD Mk6. This car has a loyal following and the GTD is the model of choice. Sporty looks combined with exceptional fuel economy and great build quality mean values remain rock solid. So long as you do 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 – this Golf has a lot going for it.
“In terms of cars that hold their value, safe bets don’t come much safer than the Skoda Yeti. A really strong all-rounder, a Yeti in the right specification will always be sought after in the used market. As always, do your homework and check before you buy.
“For our ‘used star’ this month we’ve chosen the Mercedes ML. Well out of reach for many as a new vehicle, when these hit the used market they offer exceptional quality and value. 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, Amos commented: “We’ve kept most used values steady for November, with only convertibles seeing a seasonal dip of around 2%. Any bargain 4x4s that come into the market will be quickly snapped up, as they’re looking a safe bet as we head towards winter.
“As the clocks go back, values in the used car market historically feel the pinch. Buyers increasingly focus on Christmas, with any disposable income and free weekend time being spent in the shops rather than in car dealerships.
“However, buyers are still out there, primarily thanks to the internet making buying easier than in the past. Even though we are seeing a very slight seasonal dip in values, good used stock will still sell quickly.
“Traders at the sub-£5,000 end of the market continue to widen their horizons when it comes to buying stock. The traditional route of always buying at auction isn’t working as well as it used to, mainly because their profit margin has been eroded by the increasing ‘retail’ presence at auctions. Some keen-eyed trade buyers now prefer to swoop on privately advertised vehicles, often offering close to asking price.”
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