First-quarter UK used car sales were down 0.45% - SMMT

Figures released by the SMMT show that first quarter 2008 sales of used cars and light commercial vehicles were down only marginally on the same period of 2007, at -1.1% and -0.5% respectively. Used car sales in January-March this year totalled 197,965.
 
Used truck transactions (over 3.5 tonnes) were up 12.5% for the first three months of 2008, following a similar trend of new truck registrations announced earlier in the month. Buses and coaches fared less well in the used market ¨C down almost 29% for the same period.
 
- the auctioneer BCA¡¯s sales data for April shows that average used car values moved very little in the month. Across the board, April values averaged £5,406 - virtually unchanged from March, which recorded an average of £5,400 - on stock that was of a similar age and mileage profile. However, performance against guide values slipped as CAP valued the same basket of stock £120 higher on average, which resulted in a reduction in CAP percentage from 95.4% to 93.5% (down 1.9 points).
From: autoindustry.uk/news

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