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[EUROTAXGLASS'S] USED CAR CONUNDRUM FROM FORD AND VAUXHALL
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Old 23 Nov 2005, 08:32 PM   #1 (permalink)
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[EUROTAXGLASS'S] USED CAR CONUNDRUM FROM FORD AND VAUXHALL

November 22, 2005
For immediate release




USED CAR CONUNDRUM FROM FORD AND VAUXHALL

Consumers looking for a second-hand family car from Ford or Vauxhall are currently facing a very interesting dilemma. According to EurotaxGlassís, the latest-generation Ford Focus and Vauxhall Astra are depreciating at a much slower rate than their siblings in the sector above Ė the Ford Mondeo and Vauxhall Vectra. When age, specification and mileage are comparable, the smaller car from the same manufacturer will have a used retail price up to £1,500 higher.

For example, a 2005 í05-plate Ford Focus 2.0 Zetec five-door with 8,000 miles on the odometer would this month typically have a retail price of £11,900, compared to £10,550 for a 2005 í05-plate Ford Mondeo 2.0 Zetec five-door with identical mileage.

There is a similar story with the equivalent models from Vauxhall. For example, a 2005 í05-plate Vauxhall Astra 1.6 Club five-door (after 8,000 miles) currently has a retail price of around £10,100, whereas a 2005 í05-plate Vauxhall Vectra 1.8 Club five-door can be found for £9,600, despite it having a more powerful engine and being the bigger car.

This curious misalignment of residual values occurs largely because the Focus and Astra have been launched more recently, and the availability of used examples is low relative to current retail demand. By contrast, the Mondeo and Vectra are a later stage in their planned lifecycle and, as a consequence, demand has eased back and supply is now comparatively plentiful.

"As availability steadily improves, we can expect to see values for the Focus and Astra fall back," comments Adrian Rushmore, Managing Editor at EurotaxGlassís. "The honeymoon for the latest Astra may be nearing its end, with the used retail price premium over the Vectra having fallen consistently during the past 12 months."

"The values of volume-brand upper-medium cars have been improving slowly over the past year, largely as a result of the higher number of diesels entering the used car market at prices significantly higher than their petrol counterparts. However, the comparatively greater popularity and stronger residual value performance of vehicles in the lower-medium sector means cars such as the Mondeo and Vectra will continue to represent impressive value for money for the used car buyer for the foreseeable future," he concludes.

-Ends-



About EurotaxGlassís

William Glass first published Glassís Guide to Car Values in 1933 and July 2003 marked 70 years of the motor tradeís ĎBibleí. In 2000 Glassís merged with Eurotax, forming EurotaxGlassís - Europe's leading supplier of automotive business intelligence across 28 countries. The merger has created a group with unrivalled resources and knowledge.

Today, EurotaxGlassís offers products and solutions that are essential at every stage of the vehicle lifecycle Ė from valuation, technical and fleet management data, through to estimating, bodyshop and dealer management systems and web-based services. Recent developments include valuation data for consumers Ė offered via the Glassís Motoring Guide website (www.glass.co.uk) Ė and the pan-European Market Intelligence Service that provides bespoke data and analysis for the industry at large.

For further press information, please contact:

Peter Cox at Gordon Bruce Associates. Tel: 01628 407307 / Mob: 07980 548794

E-mail: peter.cox@gordonbruce.com
Visit EurotaxGlass's online at www.eurotaxglass.co.uk (trade), www.glass.co.uk (consumer)
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