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Now in the third generation of family-run ownership, Motor Auction Group (MAG) has announced plans to hold a car auction at its Bawtry, South Yorkshire site for the first time in eight years.
Used cars are getting older, yet prices of diesel, petrol and used hybrids have remained “remarkably” stable over the past 12 months, according to Autorola.
Used car prices rose by 2.17% on Auto Trader as new car supply constraints continued to drive a buoyant market in September.
Used car supermarkets and franchised retailers responded to September’s sector stability to increase the value of their advertised vehicle stock by 1.5% and 1%, respectively.
Car retailers’ used car forecourts are unlikely to benefit from “significant volumes” of additional stock as a result of the sector’s seasonal September sales boost.