‘I’m a car expert – this is when to buy a | Tech News

A number one motoring expert has revealed the best time to buy a second-hand used car, with an expert warning that “timing plays a huge role”. Kazimieras Urbonas, Supplier Excellence Manager at Ovoko, careworn there are higher months to secure a second-hand petrol,diesel or electric vehicle deal. 

Urbonas defined that the candy spot for second-hand gross sales tended to run from October to December. He mentioned that a number of elements, corresponding to stock clearances, freer patrons and quantity plate adjustments means the Autumn was the perfect period to search for a swap. It means holding on to your present vehicle for simply a few more months over summer season may repay with the best offers possible to be across the nook.

Urbonas defined: “Most people think car buying is just about finding the right vehicle at the right price, but timing plays a huge role that’s often overlooked. 

“There are certain months when dealers are practically begging to do deals, and others when you’re fighting against the market.”

Firstly, Ovoko warned that October to December tended to be stock clearance season with sellers usually going through mounting stress to shift stock earlier than the tip of the yr. 

According to the consultants, sellers are motivated, finance managers are versatile, and there is usually a real urgency to get offers executed.

Next, the consultants highlighted that sellers are eager to sell within the Autumn as there are sometimes fewer patrons. 

People are normally more targeted on Christmas spending and planning holidays for the yr forward so swapping a car is not on the high of their precedence record. 

Next, Ovoko warned that the September plate change tends to “trigger a cascade effect that benefits used car buyers”. 

New car gross sales have a tendency to rise in September which in-turn leads to a surge in trade-ins that sellers then have to go on. 

Urbonas added: ”The key to timing your buy proper is understanding car depreciation cycles. Most people do not realise that vehicles depreciate quickest of their first yr, then the speed slows significantly. This creates predictable patterns within the used market that good patrons can exploit.

“What we see throughout our community of 1000’s of sellers and dismantlers is that seasonal provide and demand trends are extremely constant. 

“October to December is when your entire market dynamics shift in favour of patrons. You’ve acquired most provide from September trade-ins, minimal competitors from different patrons, and sellers going through year-end pressures.