• Used car demand still inflating prices

    • 4 August 2022
    • Posted by: Alan Feldberg
    • Category: News
    The average price of a used car has risen 195% in the last year According to data from the Auto Trader Retail Price Index, which is based on analysis of about 900,000 vehicles, the average price of a used car was £17,173 in July However, last month’s growth rate is down on the all-time high of 322% recorded [...]
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  • Appetite increases for used cars

    • 28 April 2022
    • Posted by: Alan Feldberg
    • Category: News
    Seven out of ten consumers (70%) say that used cars have become more appealing purchases than new in the last month This is according to the very first monthly Startline Used Car Tracker The high cost of new car prices is the number one factor mentioned behind this developing trend (47% of consumers), followed by [...]
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  • Used car prices rise for 22nd straight month

    • 7 February 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 313% year on year growth on a like-for-like basis This massive price growth continues to be fuelled by the [...]
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  • Used price growth remains unchecked

    • 17 November 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 269% 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 [...]
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  • Used car values top £11k

    • 15 November 2021
    • Posted by: Alan Feldberg
    • Category: News
    Average used car values at BCA in October surpassed £11,000 for the second month running October used car values averaged £11,295 – the second highest value on record and maintaining the pattern of consistently high average used car values reported by BCA in 2021 Year-on-year, average monthly values are up [...]
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  • Used car prices to rise into 2022

    • 5 November 2021
    • Posted by: Alan Feldberg
    • Category: News
    The continued growth in the used car prices shows no signs of slowing down According to data from the Auto Trader Retail Price Index, which is based on daily pricing analysis of about900,000 vehicles, October represented the 19th consecutive month of growth It found prices increased by a record 256% on a [...]
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  • Drivers vastly over-estimating used car values

    • 12 October 2021
    • Posted by: Alan Feldberg
    • Category: News
    Almost three quarters of UK motorists are unable to accurately gauge a used car’s value, according to a recent study The survey of 2,000 car buyers, commissioned by CarGurus, asked participants to guess the value of the five most sought-after used vehicles in their respective classes It found that 71% incorrectly [...]
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  • Used prices set to keep soaring

    • 24 September 2021
    • Posted by: Alan Feldberg
    • Category: News
    Average monthly used car values at BCA surpassed £10,000 for the first time ever Historically, used car activity has been slower in August due to the peak summer holiday season and the impending plate change on 1 September, however the element of seasonal market swings has all but disappeared in 2021 Stuart [...]
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  • Used car prices still climbing

    • 6 September 2021
    • Posted by: Alan Feldberg
    • Category: News
    cap hpi has found that used car values are continuing their unparalleled shift upwards It’s daily produced Live trade values reported an overall increase of 37% at the three-year point during the month of August, equivalent to almost £500 per car Whilst this rise on its own would be quite extraordinary, it comes [...]
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  • Used car price rise beginning to taper

    • 26 August 2021
    • Posted by: Alan Feldberg
    • Category: News
    Used car prices may have reached a ceiling, with just 46% between the price of a new car and a car bought a year ago According to BuyaCar, the average price gap between new and used cars was 241% in 2019, but that has shrunk as a result of the pandemic and global electronic chip shortage In 2019 customers of [...]
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