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Auto Trader announces Autorama acquisition
- 22/03/2022
- Posted by: Alan Feldberg
- Category: News
Auto Trader has agreed to acquire the share capital of Autorama, one of the UK’s largest transactional marketplaces for leasing new vehicles. Autorama has become one of the leading platforms for aggregating leasing deals from multiple funders and OEMs under its Vanarama brand, which has successfully sold over [...] -
Auto Trader predicts sales recovery
- 07/02/2022
- Posted by: Alan Feldberg
- Category: News
Auto Trader is expecting car sales in 2022 in the UK to exceed two million, up from 1.65 million last year. It expects new car volumes to rise again as production increases, making the supply and demand challenge less acute that it is now. Ian Plummer, commercial director, Auto Trader, said: “The vice-like [...] -
Used car prices rise for 22nd straight month
- 07/02/2022
- Posted by: Alan Feldberg
- Category: News
The latest Auto Trader Retail Price Index has reported that the average price for used cars rose to £18,067 in January. It was the 22nd consecutive month of price growth and represented a remarkable 31.3% year on year growth on a like-for-like basis. This massive price growth continues to be fuelled by the [...] -
EVs dominate fastest-selling used cars
- 17/01/2022
- Posted by: Alan Feldberg
- Category: News
According to the latest data from Auto Trader’s Fastest Selling Index, the 2016 Nissan Leaf was the UK’s fastest selling used car in 2021, taking an average of just 17 days to leave forecourts. It marks only the second time a fully electric vehicle (EV) has topped the annual top 10 list during the seven years [...] -
Used car market continues unprecedented growth
- 06/12/2021
- Posted by: Alan Feldberg
- Category: News
Results from the Auto Trader Retail Price Index suggest the recent record growth in average used car prices shows no sign of significant easing. In fact, with an average price of £17,366, November marked the 20th consecutive month of growth, with prices increasing a record 28.6% on a year-on-year and [...] -
Used price growth remains unchecked
- 17/11/2021
- Posted by: Alan Feldberg
- Category: News
Despite rising inflation, the record levels of used car price growth shows no sign of easing, with average prices increasing a massive 26.9% last week on a year-on-year (YoY). According to Auto Trader, it marks the 80th consecutive week of price growth, and an almost four-fold increase in just six months, rising [...] -
IMI names new non-execs
- 02/11/2021
- Posted by: Alan Feldberg
- Category: News
The Institute of the Motor Industry has announced that Ian Plummer, commercial director of the Auto Trader, and Chris Mason, CEO of FISITA, the international membership organisation, have joined the professional body as non-executive directors. Vice president, Sarah Sillars OBE, said: “As the net zero targets are [...] -
Used prices overtake some new models
- 22/10/2021
- Posted by: Alan Feldberg
- Category: News
The latest data from Auto Trader found that the average price of a used car increased 23.9% year-on-year last week. Not only does this mark 76 weeks of consecutive growth, but a fourfold increase on the 5.7% year-on-year recorded during the week of 12 April, when physical forecourts reopened. The record price [...] -
Fuel anxiety here to stay
- 29/09/2021
- Posted by: Alan Feldberg
- Category: News
Auto Trader has said fuel anxiety will continue to drive the shift toward electric vehicles even after this current crisis ends – although costs remain prohibitive. Panic at the pumps in the last week has seen online searches for electric vehicles rise by up to 1,600%. Ian Plummer, commercial director, Auto [...] -
Huge demand drives record used price growth
- 06/08/2021
- Posted by: Alan Feldberg
- Category: News
Used car prices rose 14.1% in July to a record average price of £14,781. This is according to results from the Auto Trader Retail Price Index, which is based on daily pricing analysis of about 900,000 vehicles. Further, this was the 16th consecutive month of growth on a year-on-year basis, with the rate of [...]