Online used car prices see first quarter increase

Online used car prices see first quarter increase

The average price of used cars sold online has increased by £140 in the first quarter of 2015, according to remarketing portal Autorola UK.

The increase has seen the average sale price rise from £8,484 in 2014 to £8,624 in 2015, the highest average used price in the first quarter of the year since Autorola started its online price survey in 2012.

In much the same way as customers are now going online to research and buy their next car, so too are dealerships and garages taking to the internet to obtain an online motor trade insurance quote. This service, which is offered by Bollington, enables the business owner to easily get a quote at a time convenient to them, although it is advised that they do speak to an expert broker before purchasing a policy to ensure it provides all the cover their business needs.

Autorola UK's sales director Jon Mitchell has suggested that online prices are staying strong with the help of growth in brand repatriation among challenger car maker brands, which has increased buyer demand and boost sales on the firm's online portal.

"With more large fleet vendors including online as part of their overall remarketing strategy, the type and age of stock we are selling is constantly changing which is also helping keep our 2,000 active buyers happy," he said.