-
Falling BEV demand threatens 2035 deadline
- 07/03/2024
- Posted by: Alan Feldberg
- Category: News
A new survey has revealed that only 18% of European car buyers are considering an electric car. According to Bloomberg Intelligence, consumers still favour petrol, diesel and hybrid models over pure electric vehicles, with a lack of charging points, range anxiety and high prices their top concerns. There were [...] -
New car sales hit 20-year high
- 06/03/2024
- Posted by: Alan Feldberg
- Category: News
New car registrations rose 14% last month to make it the best February performance for 20 years, according to the Society of Motor Manufacturers and Traders. It reported sales of 84,886 units to complete 19 months of consecutive growth. The uptick was driven by fleets and businesses, which were up 25.2% and [...] -
Demand outstripping supply in used car market
- 05/03/2024
- Posted by: Alan Feldberg
- Category: News
The used car market recorded a healthy uptick in demand and sales during February, according to data from Auto Trader. It reported that demand was up eight per cent in February compared to the same month in 2023, with used cars selling in just 27 days on average compared to 40 days in January. Supply levels also [...] -
Used car values set to stabilise
- 11/01/2024
- Posted by: Alan Feldberg
- Category: News
Average used car values at BCA ended last year at £6,918, down by £315 on November’s figure. The downturn in December continued a trend throughout the second half of 2023; since peaking in March, average used car values declined by over 22% with nearly half of this realignment taking place in the final quarter of [...] -
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 [...] -
Used car values fall again in November
- 28/11/2023
- Posted by: Alan Feldberg
- Category: News
November saw used trade values fall by 4.2%, or £775 at the three-year age point, according to experts at cap hpi. The news follows October’s fall of 4.2%, which means that average trade values have dropped by 8.4% or £1,625 in the last two months. However, average values remain around 15% above where they [...] -
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 market swells in September
- 09/11/2023
- Posted by: Alan Feldberg
- Category: News
The UK’s used car market grew by 5.5% during the third quarter, with 1,884,160 units changing hands, according to the Society of Motor Manufacturers and Traders (SMMT). The increase marks the third successive quarter of growth, with 98,713 additional transactions compared with the same period in 2022. Volumes [...] -
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 [...] -
New car market swells by a quarter
- 05/09/2023
- Posted by: Alan Feldberg
- Category: News
The new car market grew 24.4% in August with 85,657 new vehicles registered. The Society of Motor Manufacturers and Traders (SMMT) reported this was an increase of 16,799 units, although it remains 7.5% below pre-pandemic levels. The increase was fuelled by a surge in registrations by large fleets, rising 58.4% [...]