**Best Time to Sell Your Car: Expert Advice and Quick Action**
If you’re thinking about selling your car, now might be the perfect time to do so. New research suggests that the beginning of the year is seeing a surge in demand, leading dealers to offer top prices to secure inventory for upcoming sales. So, if you’ve been considering selling your vehicle, don’t delay any further.
**High Demand in February**
According to data from Carwow, an online car-selling platform, many car owners are receiving offers that exceed their car’s initial valuations. The data indicates that February is the ideal month to sell cars, with offers averaging 95% of the valuation. This trend is driven by dealers gearing up for the March release of new registration plates and the upcoming busy summer season.
**Popular Car Types**
Currently, SUVs are leading the pack, with offers averaging 102% of their valuation. Following closely behind are red cabriolets at 122%, black coupes at 102%, and silver estates at 101%. For electric vehicles (EVs), January is showing strong market demand, with offers reaching 98% of valuation.
**Timing for Van Owners**
While January and February are prime months for most sellers, van owners may benefit from waiting until spring. Offers for vans tend to peak in March and April, reaching as high as 112% to 115% of the valuation.
**Impact of Car Color**
If your car sports a bold color, you’re in luck as these are currently in high demand. Red and pink vehicles are averaging 101% of valuation, while gold cars are commanding offers as high as 130% in January. Even less traditional colors are proving to be a profitable choice for sellers.
**Expert Insights**
Iain Reid, head of editorial at Carwow, emphasizes the excellent opportunity for sellers to secure higher-than-expected prices in the early months of the year. He notes that specific vehicle types, colors, and models are driving some of the best offers they’ve ever seen.
**DVLA Notification**
Motoring experts at The AA stress the importance of informing the DVLA when selling a car. They advise sellers to notify the DVLA online or by post to avoid any future issues related to the new owner’s offenses or convictions. Additionally, informing the DVLA promptly ensures that any vehicle tax refund is processed automatically.
In conclusion, if you’ve been contemplating selling your car, now is the time to act. With high demand, top prices, and specific trends favoring sellers, seizing the opportunity in the early months of the year could lead to a profitable outcome. So, don’t wait any longer—get ready to cash in on your vehicle today!