If you're planning to sell your car, timing could be everything. Experts have revealed the exact date you should aim to sell by to avoid losing hundreds of pounds in depreciation.
Why Timing Matters
The used car market fluctuates throughout the year, with certain periods offering better returns for sellers. According to industry analysts, waiting too long could significantly reduce your car's value.
The Critical Deadline
Data suggests that late September to early October is the sweet spot for selling. After this period, prices tend to drop as demand weakens in the run-up to winter.
Factors Affecting Your Car's Value
- Seasonal demand: Convertibles fetch higher prices in summer, while 4x4s are more desirable in winter.
- New registration plates: The March and September plate changes can impact used values.
- Economic factors: Fuel prices and interest rates influence buyer behaviour.
How to Maximise Your Return
To get the best price for your vehicle:
- Research current market values for similar models
- Ensure your car is clean and presentable
- Gather all service history and documentation
- Consider selling privately for higher returns
- Time your sale carefully
Acting before the market dips could make a substantial difference to your selling price. Motorists who miss this window may need to wait until spring to see values recover.
