We’re extending our Valuations age range
Starting from today, we will be extending the age limit for car valuations from 15 years to 17 years to provide better market coverage and support our customers in sourcing and pricing older vehicles more effectively.
We’ve listened to your feedback about how in this current market there is a need for valuations on older stock and our teams have been hard at work to expand the age range within our valuations tools. With this change and additional 11,000 cars advertised on Autotrader are now eligible for a valuation, giving you better data to price and source older stock.
May’s Retail Price Index has shown that the older segment of the market continues to present a clear pocket of margin for retailers, with pricing for the 10-15-year-old segment increasing my 8.3%¹. The average price of a vehicle within this segment has now reached a record high of £7,213¹. As we know, there is a supply shortage in the market as a result of the Covid-19 pandemic lockdowns and this has caused a shortfall in the availability of 5-7-year-old vehicles. This supply shortage is likely pushing more buyers towards older vehicles creating this opportunity in the older market. At Autotrader we want to be able to provide tools which can help you take advantage of this profit potential, which is why we are extending our valuations from 15 years to 17 years for cars.
FAQ’s
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Retail valuations
Trade valuations
Part exchange
Private valuations
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This update will not impact price indicators. We won’t be generating price indicators for any vehicle over 15 years old. Our policy will remain the same despite the expanding age limit for car valuations
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Unfortunately, at this time it will just be car valuations that are expanding at this time. Van valuations will remain at 10 years old.
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No, these metrics won’t be available for cars ages 16 or 17 years old at this stage.
If you would like to know more about valuations on Autotrader and what makes our valuations unique and trusted click here.
If want to know more about how valuations can help your business and have a review of your forecourt please reach out.