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Demand grows as prices tumble
- 08/01/2024
- Posted by: Alan Feldberg
- Category: News
Demand for used cars rose 11.7% in December while average values fell 5.6% to £17,064, according to Auto Trader’s Retail Price Index. Data revealed that one to three-year-old cars saw a huge 35% rise due to the 16.1% increase in demand far outpacing the 14.3% fall in supply, while the three to five-year-old [...] -
Bumper year expected for car sales
- 18/12/2023
- Posted by: Alan Feldberg
- Category: News
Auto Trader is predicting that the new car market will grow four per cent next year from an estimated 1.89 million in 2023, to circa 1.97 million. It expects the sale of EVs to also rise substantially, with the strict ZEV Mandate requiring 22% of all brand sales to be zero emission or face a fine of £15,000 for [...] -
Used car values fall again in November
- 05/12/2023
- Posted by: Alan Feldberg
- Category: News
Auto Trader data has found that average used car retail prices contracted 3.8% on a year-on-year in November. This is the third consecutive month of falling prices, with a fall in retail prices among younger aged models pulling the overall figure down; cars aged below five-years-old recorded a six per cent drop in [...] -
Demand spikes for used EVs
- 22/11/2023
- Posted by: Alan Feldberg
- Category: News
The average price of a used car fell one per cent in mid-November, according to Auto Trader data but demand remains strong, particularly for alternatively fuelled vehicles. It found that customer demand is up 6.9% on November 2022 while supply is up just 3.2% It’s a largely similar picture across fuel types, [...] -
Used car values continue downwards trajectory
- 06/11/2023
- Posted by: Alan Feldberg
- Category: News
Average used car retail prices contracted on a year-on-year basis for the second consecutive month in October, dropping 1.7% like-for-like. According to the Auto Trader Price Index, the current rate of contraction marks the largest drop in YoY prices in over 43 months. However, the average price of £17,641 [...] -
Growing demand pushes up used EV prices
- 20/10/2023
- Posted by: Alan Feldberg
- Category: News
New data from Auto Trader has revealed that used EV prices have risen 0.6% so far in October to an average price of £32,203. However, prices are still down 19.6% on a year-on-year (YoY) basis. The slight rise during October is marginally ahead of the 0.2% rise is used petrol vehicles but just below the 0.7% [...] -
Used prices fall for first time in 41 months
- 05/10/2023
- Posted by: Alan Feldberg
- Category: News
Used car prices fell in September for the first time since March 2020, based on data from the Auto Trader Retail Price Index. The average price of a used car last month was £17,736, down 0.4% year-on-year and like-for-like, marking the end of a remarkable 41 months of consecutive growth. Meanwhile, second-hand [...] -
SMMT responds to ZEV mandate confirmation
- 02/10/2023
- Posted by: Alan Feldberg
- Category: News
The Society of Motor Manufacturers and Traders has urged the government to provide greater industry support as it strives to meet the Zero Emission Vehicle mandate. The mandate stipulates that vehicle manufacturers must sell an increasing number of zero emission vehicles each year. Next year’s target is at [...] -
EV interest falls sharply after 2030 delay
- 26/09/2023
- Posted by: Alan Feldberg
- Category: News
The government’s decision to postpone the sale of new petrol and diesel vehicles in the UK from 2030 to 2035 has had an immediate impact on buyer intentions, according to a new survey carried out by Auto Trader. It found that 37% of car buyers now say they’re unlikely to ever buy an EV, which is up from 21% in [...] -
Used EV prices inch up in September
- 19/09/2023
- Posted by: Alan Feldberg
- Category: News
The price of used EVs rose in September after 12 months of consecutive decline. This is according to Auto Trader’s Retail Price Index, which has reported a 0.8% price rise so far in September to an average price of £32,463. Meanwhile, used petrol car prices have also risen, up 0.1% month-on-month, although [...]