Used car values up again
Strong competition saw used car prices rise by an average 1.7% in March, according to figures from auction company BCA. The average sale value of £9,668 was the second highest on record, £170 up on February and over £800 more than the same month a year ago.
The average age and mileage of vehicles offered are both continuing to drop, from 56.33 months and 49,441 miles in March 2017 to 54.33 months and 47,474 miles in March 2018.
“Retail used car activity is reportedly very strong, as buyers look for good value used cars and that is being helped by the increased availability of finance in the used sector,” said Stuart Pearson, BCA’s managing director of UK Remarketing.
Less desirable diesel?
More than two thirds of drivers (67%) are less likely to purchase a diesel car following the VW emissions scandal, according to a new report from Close Brothers Motor Finance.
Five years ago, diesel-powered motors accounted for 52% of new sales, but that plummeted to 38% last year.
Along with the VW scandal, the Government’s plan to ban the sale of new non-hybrid or electric vehicles by 2040 is considered a major factor.
“Until this deadline draws closer there will still be demand for diesel cars, particularly from high mileage customers who value the fuel economy,” said Close Brothers’ director of sales, Sean Kemple.
Driving test statistics
Private number plate specialist Absolute Reg has analysed Government statistics for 2016-17 to reveal some interesting facts about the UK driving test.
376,785 people took the practical car test for the first time over this period, while 33,584 were taking it for at least the sixth time.
50.6% of men passed first time, compared to 43.9% of women. 47.8% of 16-25 year olds passed first time, compared to 41.4% of 61+ year olds and just 36.5% of 26-56 year olds.
The Isle of Mull in Scotland boasted the highest pass rate (91.7%), while those taking the test in Belvedere in SE London struggled most, with just 28% passing.
Check out the infographic <here> https://absolutereg.co.uk/news/uk-driving-test-centre-statistics-uncovered
Volvo safety credentials
Thatcham Research has published one of the most eye-catching statistics of the year so far: that no one has died in a Volvo XC90 in the UK since it launched in 2002.
The key factors in this astonishing performance include the car’s comparatively large mass, which is means it’s physically tougher in a collision, and stacks of safety features.
The second-generation model, manufactured since 2014, comes with both autonomous emergency braking and lane assist as standard.
“Most of the delivery of the safety of that vehicle, the fact that no one’s been killed in it, is because of good structure,” said Matthew Avery, research director at Thatcham.
10-year car trends
The Society of Motor Manufacturers and Traders (SMMT) has published new data on 10-year trends in the UK car market:
- The number of cars registered to women has surged since 2007 to 11.8m, around a third of the car parc.
- 40% of all new cars registered in 2017 had an automatic gearbox, double the proportion in 2007.
- There are now 1,500 model ranges and 65,000 different model specifications in the parc, compared with 1,200 and 56,000 in 2017.