Motor Industry News
MyCarCheck.com top tips for used car buyers: Three wise buys of 2014… Q5, Octavia VRS and XC60
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 our used car experts reveal significant trends in the UK market and suggest three wise buys — this month, the best of 2014.
- Highly desirable: Audi Q5
- Safe bet: Skoda Octavia VRS
- Used star: Volvo XC60Š
Head of Valuation Services at MyCarCheck.com, Gavin Amos, commented: “Our highly desirable model of 2014 is the Audi Q5. Years after its introduction, this brilliant crossover is still a top performer, with used values remaining super strong. Audi scarcely puts a foot wrong in terms of being an inspirational brand and everyone seems to want four rings on their drive. 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 — the Q5 has a lot going for it.
“In terms of cars that hold their value, safe bets don’t come much safer than the Skoda Octavia VRS… and you get some serious performance too. Forget the badge, the VRS offers a sporty, practical alternative to the usual choices, with a great driving experience and fantastic fuel economy on the diesel. As always, do your homework and check before you buy.
“For our ‘used star’ of the year we’ve chosen the Volvo XC60. Depreciation tends to hit these hard in the initial months, making secondhand examples a great used bet. The five-cylinder diesel engine has plenty of character, spec levels are generous and as a used car package it represents a tempting alternative to its German rivals. 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: “The festive season is upon us once again. It is traditionally a time when buyers are out shopping for presents rather than cars. However, the days between Christmas and New Year can see reasonable showroom activity as families opt for some retail therapy after the main event.
“Generally, there is a relative shortage of prime used stock, so traders are still paying quite strong money for the right cars. We have therefore made only a minor downward adjustment, in the region of 1-2% on trade values, based on the time of year and the slowdown in showroom traffic.
“4x4s values have firmed up pretty much across the board, although there is concern about the extent to which the weather influences this sector. Two years ago, the market was caught out by severe conditions across the country. Demand went through the roof for even the most tired four-wheel drive vehicle. As a result, many in the trade geared up by buying stock early last year, but the weather remained mild and the anticipated sales didn’t happen.
“Suzuki has just unveiled the all new Vitara and is preparing to take on the likes of the Nissan Juke. While unlikely to rival the Juke in terms of sales, it expects to grab a reasonable slice of the important SUV sector.
“Interestingly, we have seen more main dealers willing to retail 10 year old plus, low mileage cars of late. There has been a trend towards retailing cars which would have previously gone straight to auction, but here we are talking about much older cars. One example was a trader who retailed a 14 year old Land Rover Defender, earning a significantly higher margin than you’d expect on newer stock.
“We wish you all an enjoyable Christmas period and a prosperous 2015.”
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