Motor Industry News
MyCarCheck.com top tips for used car buyers January 2015:
RR Sport, Sportage and 5 Series GT praised as market picks up
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: Range Rover Sport
- Safe bet: Kia Sportage
- Used star: BMW 5 Series GT.
Head of Valuation Services at MyCarCheck.com, Gavin Amos, commented: “Our highly desirable model this month is the Range Rover Sport. Thanks to a winning combination of luxury and performance, this go-anywhere SUV is both versatile and prestigious. Always in demand, even older examples don’t come cheap. However, 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 RR Sport has a lot going for it.
“In terms of cars that hold their value, safe bets don’t come much safer than the Kia Sportage. Kia were bold with their styling and this has really paid off with the Sportage not looking out of place next to much newer vehicles. There’s more to it than looks though, it is a good all-rounder. As always, do your homework and check before you buy.
“For our ‘used star’ we’ve chosen the BMW 5 Series Gran Turismo. Depreciation tends to hit these hard in the initial months, making second-hand examples a great used bet. While the looks aren’t to everyone’s liking, it has the drive you’d expect from a BMW GT. 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: “With the distraction and financial strain of Christmas behind us, retail demand in the used car market always picks up in January. Proactive dealers have spent the quiet period buying stock, with a view to having a great line-up in place to meet the rising demand.
“At the time of writing, the majority of the country hasn’t seen much snowfall, so there’s been no resultant spike in demand for 4x4 vehicles. However, demand remains relatively strong in this sector and the crossovers sector continues to grow whatever the weather. Any prolonged drop in temperature will see demand for true 4x4 examples surge.
“While manufacturers continue to add more electric and hybrid vehicles to their ranges, retail buyers in the used market still view them with a degree of trepidation. There’s evidence that buyers will often choose a diesel option over a hybrid, even if the latter is in comparable condition and markedly cheaper. Recent fuel price drops further lessen the appeal of used hybrids, but this may well be a temporary blip. It will certainly be interesting to see how these cars fare in terms of values and demand over the coming years.
“Looking ahead to spring and summer 2015, we can only see strong demand for used vehicles.”
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