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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 [...] -
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 [...] -
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 [...] -
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, [...] -
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, [...] -
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 [...] -
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 [...] -
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 [...] -
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 [...]