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Used prices fall for first time in 41 months
- 05/10/2023
- Posted by: Alan Feldberg
- Category: News
Used car prices fell in September for the first time since March 2020, based on data from the Auto Trader Retail Price Index. The average price of a used car last month was £17,736, down 0.4% year-on-year and like-for-like, marking the end of a remarkable 41 months of consecutive growth. Meanwhile, second-hand [...] -
Used car values weakening
- 27/09/2023
- Posted by: Alan Feldberg
- Category: News
Used car values fell by their largest amount since 2008 in September. According to data from cap hpi, values dropped by 1.9%, or about £420, at the three-year, 60,000 point. Values at the one-year age point dropped by 1.6%, equivalent to £575, while older cars dropped by 1.8% at five years old and 2.1% at [...] -
NAMA reports steady demand
- 25/09/2023
- Posted by: Alan Feldberg
- Category: News
The National Association of Motor Auctions (NAMA) has reported that the UK market is holding steady and expected to remain robust for the rest of the year. It reported that values are 0.5% down on this time last year, having fallen six per cent in the last three months alone. On a granular level, demand for [...] -
Used EV prices inch up in September
- 19/09/2023
- Posted by: Alan Feldberg
- Category: News
The price of used EVs rose in September after 12 months of consecutive decline. This is according to Auto Trader’s Retail Price Index, which has reported a 0.8% price rise so far in September to an average price of £32,463. Meanwhile, used petrol car prices have also risen, up 0.1% month-on-month, although [...] -
Customer satisfaction high despite higher prices
- 15/09/2023
- Posted by: Alan Feldberg
- Category: News
Over three-quarters (80%) drivers believe they got a good deal on their used car purchase despite prices still averaging 37% higher than they were before the pandemic. A CarGurus survey of over 1,500 recent car buyers and sellers found that a quarter (24%) of buyers reported getting a great deal while 56% felt they [...] -
Used car prices continue to fall
- 29/08/2023
- Posted by: Alan Feldberg
- Category: News
Used car values fell two per cent in August, the fifth consecutive month of falling values. According to cap hpi, the decrease was the largest recorded since the introduction of cap Live in 2012, and second only to August 2010. Darren Martin, director of valuations at cap hpi, said: “August is generally a [...] -
Used car prices plateau in June
- 03/08/2023
- Posted by: Alan Feldberg
- Category: News
Average used care values remained consistent for the third month in a row, according to BCA. It reported average prices of £8,255 with the mix of vehicles continuing to heavily influence the overall price. Unsurprisingly, the shortage of genuine three to four-year-old products continues to be a key factor and [...] -
July dip in used car values
- 31/07/2023
- Posted by: Alan Feldberg
- Categories: Featured, News
Used car values fell by 1.9% in July despite healthy wholesale activity, according to data experts at cap hpi. The fall of 1.9%, or £350 on average, is a larger drop than the average pre-Covid July figure of a drop of 1.2% although average used car prices remain almost 30% higher than they were two years [...] -
EV values expected to plateau
- 11/07/2023
- Posted by: Alan Feldberg
- Category: News
Experts at cap hpi have predicted a stabilising of electric vehicle values in the second half of the year. The market has been disrupted in the first half of the year as a result of high values, high energy costs and cheaper fuel prices, but cap hpi believes EVs are now close to reaching a plateau. Dylan [...] -
Used values increase in May
- 10/07/2023
- Posted by: Alan Feldberg
- Category: News
BCA has reported that used car values improved in May, up by one per cent to an average price of £8,403. Performance against guide prices improved by 1.6% compared to April. BCA also saw an improving used marketplace for electric vehicles, which are becoming increasingly more affordable following the [...]