Motor Auction Group has reported a rise in dealer part exchange entries following the plate-change in what it described as a “challenging” and “very tough” used car market.
The group reported its biggest sale week in its 79-year history. Across seven MAG weekly physical and online car and LCV sales it saw volumes rise 10% higher than the previous record week which was in September 2024.
It added that the week was fuelled largely by a rise in dealer part exchanges reaching the market from the March 26-plate.
“The used car market has been challenging over the past month particularly on dealer part exchange stock as we have seen more hit the market from the March new car registrations.
“There have also been several external economic factors that have impacted the general confidence of the buyers,” said MAG director Matt Gill.
MAG’s weekly LCV sale in Goole has also seen rising diesel prices generate more bids from dealers for used electric vans.
It said dealers are stocking electric vans on their forecourt, some for the very first time.
“We are starting to see more interest in electric vans and can only assume this is down to the increase in fuel prices, while used diesel LCVs are still in short supply but with plenty of repeat model stock still in the marketplace,” said Gill.
The week was topped by a special Saturday sale at MAG’s Goole auction centre for Arnold Clark which achieved over 80% conversion on a range of dealer part exchanges. This performance, it said, was delivered against the backdrop of a very tough used market.
