BCA’s Tim Naylor explains that, even though new car sales for the March plate won’t be as busy as in the previous years, there will still be a multitude “pull-through” of part-exchanged motors for the used car market. He said that the company has built off a fresh stock at its actions across the country.
“In particular, we will be getting a lot of well-maintained used cars in from fleets and leasing companies who buy new in March. So motorists will be spoilt for choice. They will be able to pick-up what would have been some very expensive cars at new, for a fraction of the price. Some models that cost £50,000 to £60,000 new three or four years ago will go for between £15,000 and £20,000 at auction,” the executive said.
“And private used car buyers don’t need to be afraid of the auction process – as long as they prepare, they could get a very good deal. The March auctions will have a price to suit every budget. We will have cars being sold from a few hundred pounds up to £100,000! From super-minis to super cars there will be something for everyone,” Naylor added.
BCA advises buyers to use a careful approach, offering a set of tips such as “Don’t buy on your first visit”, “study each auction’s terms and conditions” and others.
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