Though average used car auction prices continue to rise, Manheim predicts that more cars coming to market will soften prices by the summer.
Manheim’s latest Market Analysis shows that average prices or part-exchanges sold at its auctions continued to rise during March 2014 with values reaching £3,285, which is a £69 increase when compared with the previous month.
Increases in off-lease, retired-rental and repossessed vehicles entering the market are dampening used-vehicles prices, auction company Manheim’s chief economist said, and the trend will continue into 2014.
To make life easier for buyers on the auction floor, Manheim is separating car makes into four different streams in its 800 car Lex-Autolease sales.
At its latest ‘mega sale’ of more than 800 vehicles at Manheim, Colchester, Ford, Vauxhall, Audi and VW each had their own separate auction lane.
