• Used car prices 38% up in three years
    • 01/06/2023
    • Posted by: Alan Feldberg
    • Category: News
    New data has revealed the lasting impact of the Covid-19 pandemic on prices of Britain’s best-selling used cars. On 1 June 2020, the UK government allowed car showrooms to welcome back customers following the first wave of the pandemic. Since then, the average used vehicle price in the UK has gone up 38% compared [...]
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  • Used car prices still climbing
    • 16/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    The latest data from Auto Trader has found that the current average price of a used car is £17,946, which equates to a 3.6% year-on-year increase on a like-for-like basis. It marks the highest rate of growth since November 2022, and the third consecutive month the rate of growth has increased, rising from 2.7% in [...]
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  • Retailers under-pricing used cars as demand grows
    • 11/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    New data from Auto Trader has revealed that used car prices grew in March following 10 months of softening demand. Its Retail Price Index found the average retail value of a used car was £17,712 in the month, a two per cent rise on a like-for-like basis from 2022. Sales volumes were also up in the month, [...]
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  • Average used prices on the rise again
    • 21/03/2023
    • Posted by: Alan Feldberg
    • Category: News
    The average retail price of a used car in March was up 2.3% to £17,720 in March. According to AutoTrader, this is up from the 1.3% year-on-year increase recorded in February, and marks the first acceleration in the rate of growth in 10 months. March’s level is also up 0.7% on February’s average prices, [...]
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  • Used car prices still rising
    • 10/03/2023
    • Posted by: Alan Feldberg
    • Category: News
    The strong start to 2023 in the used car sector continued in February as average values rose for the second month running. Values averaged £8,540 at BCA, up by £140 or 1.7% compared to January 2023, as sold volumes increased for the second month running. While average values continue to climb, the rate has [...]
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  • Used car prices rise for 35th straight month
    • 08/03/2023
    • Posted by: Alan Feldberg
    • Category: News
    The average retail value of a used car was £17,654 in February, according to Auto Trader, which represents a 1.3% increase on a year-on-year (YoY) and a like-for-like basis. While down on last year’s record highs, the 35th month of consecutive growth builds on the 32% YoY growth recorded in February 2022 and [...]
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  • Used car prices still trending upwards
    • 20/02/2023
    • Posted by: Alan Feldberg
    • Category: News
    The average price of used cars rose 1.7% year-on-year to £17,880, according to Auto Trader’s Retail Price Index. Although the rate of growth is down significantly from a peak of 32% in April 2022, this current rate is on top of the massive 31.9% increase recorded this time last year. It also marks a [...]
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  • Used car prices rise for 34th straight month
    • 03/02/2023
    • Posted by: Alan Feldberg
    • Category: News
    The average retail price of a used car was £18,119 in January, marking a 2.7% year-on-year increase on a like-for-like basis and the 34th month of consecutive price growth. This is according to the Auto Trader Retail Price Index. It attributes continued growth to the combination of robust consumer demand, and [...]
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  • Used car demand remains robust
    • 24/01/2023
    • Posted by: Alan Feldberg
    • Category: News
    Used car demand remained steady during December, although online remarketer BCA reported a definite lift in interest through the festive season as BCA. It found that values averaged £8,265 last month, down by £212 or 2.5% compared to November. Meanwhile, there continued to be particular pressure in the used EV [...]
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  • Used car market remains robust into 2023
    • 09/01/2023
    • Posted by: Alan Feldberg
    • Category: News
    Auto Trader data suggests the used car market has entered the New Year in a robust position, with both retail prices and consumer demand stable in December. Its Retail Price Index found that the average retail price of a used car was £18,030 in December, marking a 3.1% year-on-year (YoY) increase on a like-for [...]
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