Drivers warned of ‘incredibly busy’ used car market as best time to buy second-hand nears

Gumtree share their top tips for buying second-hand cars

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Generally, there are two time periods when it is best to buy a used car – August and September as well as February and March. September and March come just after new number plates are introduced, but many drivers also tend to part exchange their old cars for new ones.

This means a lot of dealers may find themselves with an abundance of used cars that they may want to shift and would consider a more favourable price.

Similarly, another great time to buy a used car is just before the number plate refresh in August and February.

In the run-up to the plate changes, dealerships often clear out old stock in expectation of a forthcoming flood of cars.

With limited space on the forecourt, they’ll often take a lower price to clear some real estate.

These may be the best times to buy after a year where average used car prices were almost 30 percent higher in November than a year ago.

According to online retailer, Auto Trader, Buyers would have paid an average of £13,504 in 2020 and are now charged £17,366 on average.

In November, used cars were selling 13 per cent faster than they were two years ago, remaining on the site for an average of 28 days compared to 32 days in November 2019.

Some experts have predicted that the global shortage of semiconductors could continue until 2024.

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This could see used car prices increase even further with a continued delay on new vehicles.

James Fairclough, CEO of AA Cars, told that used cars would continue to sell.

He said: “The used car market is incredibly busy at the moment.

“Some people are spending their lockdown savings on a used car, while others who were planning to purchase a brand new vehicle are experiencing longer waiting times due to supply shortages and so are buying second hand instead.

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