Part ex price forecast remainder of 2024
Discussion
Talking with a commercial manager of a dealership
Advice if your going to part ex to do so before the 2nd week in September or wait until the 2nd week in December, anything in between will result in a lower value.
Of course there will be expectations but that’s his general understanding of the market.
Thinking about it, sort of makes sense and dealers will be flooded with PCP returns and part exs in September which will increase auction supply.
If March 24 is anything to go by it took a few months for the part ex volume and PCP returns to filter through putting pressure on auction prices.
Hope it helps
Advice if your going to part ex to do so before the 2nd week in September or wait until the 2nd week in December, anything in between will result in a lower value.
Of course there will be expectations but that’s his general understanding of the market.
Thinking about it, sort of makes sense and dealers will be flooded with PCP returns and part exs in September which will increase auction supply.
If March 24 is anything to go by it took a few months for the part ex volume and PCP returns to filter through putting pressure on auction prices.
Hope it helps
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