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EV demand flagging amidst high prices
- 08/09/2023
- Posted by: Alan Feldberg
- Category: News
New research has found that fewer than half of drivers are willing to invest in EVs, with cost and charging limitations still putting them off. According to Auto Trader research of more than 4,000 drivers, only 47% of respondents would consider an EV now. It found that only nine models are available for less [...] -
Used car values slowly softening
- 07/09/2023
- Posted by: Alan Feldberg
- Category: News
Used car prices were 1.1% higher in August than the same month last year. According to the Auto Trader Retail Price Index, the average price of a used car was £17,732 last month. Although this represents only a marginal increase, it does mean used car prices have now risen for 41 consecutive months, with the [...] -
Tickets selling fast for Ben Ball
- 27/07/2023
- Posted by: Alan Feldberg
- Category: News
Ben is inviting the automotive industry to book tickets for the Ben Ball, which takes place at Old Billingsgate Market on 6 December. Ben has reported unprecedented sales to date, with the event set to be an evening full of celebration, awe-inspiring entertainment and festivities. Matt Wigginton, director of [...] -
Used car price growth eases
- 21/07/2023
- Posted by: Alan Feldberg
- Category: News
The rise in used car values slowed in July, slowing from a 3.2% year-on-year increase in June to 2.8%. This is according to Auto Traders Used Car Price Index, which found the increase is being fuelled by supply pressures in relation to consumer appetite. Meanwhile, average prices of electric vehicles continued [...] -
BMW tops fastest-selling brands
- 14/07/2023
- Posted by: Alan Feldberg
- Category: News
BMW has been named as the best-selling brand in the UK. According to Auto Trader, BMWs are the most sought-after manufacturer across the UK, especially the BMW 3 series, ahead of the Volkswagen Golf and the Mercedes-Benz C-Class. The results are based on hundreds of thousands of vehicle sale listings, as well as [...] -
Used car prices up for 39th consecutive month
- 06/07/2023
- Posted by: Alan Feldberg
- Category: News
Second-hand car prices are accelerating at their fastest rate in eight months, according to the latest data from the Auto Trader Retail Index. With an average retail value of £17,756, June marks a year-on-year price growth of 3.2% on a like-for-like basis, and the 39th consecutive month of growth, with the [...] -
Used car prices continue climbing
- 23/06/2023
- Posted by: Alan Feldberg
- Category: News
The current average retail value for a used car is up 3.5% on last year’s levels, which were already 24% above 2021. This is according to Auto Trader’s Retail Price Index. However, electric vehicle retail prices are still contracting on a year-on-year basis, with current values down 18.4%. However, there are [...] -
Interest rate rises won’t impact vehicle sales
- 23/06/2023
- Posted by: Alan Feldberg
- Category: News
The Bank of England’s decision to rise interest rates to five per cent is not expected to have an immediate impact on vehicle sales. This is according to Auto Trader, which believes the actual impact on the cost of buying a second hard car will be minimal. Rachael Jones, Director of automotive finance at Auto [...] -
EV marketing leaves women cold
- 30/05/2023
- Posted by: Alan Feldberg
- Category: News
Urgent action is needed to reduce a widening gender gap in the electric car market as the UK approaches the government deadline for the ban on selling new petrol and diesel engines in 2030. That is the rallying call from Auto Trader, who has released their No driver left behind: women and the journey to [...] -
Carbon Literacy reaches 1,000-milestone
- 24/05/2023
- Posted by: Alan Feldberg
- Category: News
Over 1,000 people from 100 businesses from across the automotive industry have now achieved Carbon Literate status. They were trained by the Automotive Carbon Literacy Toolkit, which was funded and developed in partnership between Auto Trader and the Carbon Literacy Project. The Toolkit, which was launched at [...]