Nearly half of drivers looking to sell their car would still part-exchange it for a new model at a dealer, according to a new Auto Express poll. This result comes despite the growing range of alternatives facing motorists with an old car they want to replace.
Our survey asked 2,800 Auto Express readers how they preferred to sell a car with part exchanging coming out as the clear favourite with 49% of the vote. It was followed by selling through classified ads (20%) with buyers advertising their car either online or in printed listings.
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These two more traditional ways of selling a used car accounted for the vast majority of vehicle sales with many who responded seemingly unconvinced by the more modern methods on offer.
Just 5% of those polled would go with services that offer to buy your car like WeBuyAnyCar.com, despite high profile advertising campaigns. Meanwhile, just 4% said they'd go down the route of using a social media app to entice potential buyers.
Online auction sites were also rarely used for day-to-day private sales (5%) while some owners said they'd just scrap their car rather than go through the hassle of finding a buyer (5%).
Philip Nothard, consumer and retail specialist at CAP HPi, said: "While it’s true that the vast majority of car purchases begin online, a physical transaction still proves the most popular way to buy and sell a car."
Nothard added: “Manufacturers, dealers and drivers have adapted to the digital world to use a wide range of routes to buy and sell vehicles. Indeed, consumers are becoming ever more knowledgeable and resourceful in how they research prices and disposal options. We have seen a marked increase in the use of our online valuation and vehicle provenance tools.
“The main impact of digital channels has been to increase transparency between the seller and buyer. And with the explosion in both dealers' and manufacturers' focus on PCP deals, high volumes of part-exchange are no surprise; they remain a good source of quality used stock and an easier transaction for the consumer.”
Which methods of selling a used car have you tried? Tell us your tips in the comments below...
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