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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 [...] -
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 [...] -
Used car prices remain robust
- 20/12/2022
- Posted by: Alan Feldberg
- Category: News
Used car retail prices are up 3.4% year-on-year (YoY), according to Auto Trader’s Retail Price Index data, with the current average price of a used car now £18,066. Since reaching a peak in April 2022, the rate of price growth has softened over consecutive months – falling 0.1% from November to December. [...] -
BCA reports softening of used car prices
- 20/12/2022
- Posted by: Alan Feldberg
- Category: News
Used car values averaged £8,492 at BCA in November 2022, down by £331 or 3.8% compared to October. Meanwhile, buyer engagement across BCA’s online sales programme remained robust and first-time conversion rates rose again, averaging over 80% in November. While average selling price has fallen for two [...] -
Demand still strong for used cars
- 21/11/2022
- Posted by: Alan Feldberg
- Categories: Featured, News
Latest data from Auto Trader has revealed that used car prices remained stable last month. Average prices actually rose £300 from September to £17,863. Prices have now been neutral or risen for five consecutive months while on a year-on-year and like-for-like basis they are up 5.1% higher than this time last [...] -
Used car market undisturbed by economic turbulence
- 07/10/2022
- Posted by: Alan Feldberg
- Category: News
Consumer demand for used vehicles has remained largely unaffected by the economic uncertainty. This is according to data from Auto Trader, which found the volume of advert views on its marketplace was up a massive 17% in September compared to pre-pandemic levels. With demand strong, it reported that the average [...] -
Used car demand still inflating prices
- 04/08/2022
- Posted by: Alan Feldberg
- Category: News
The average price of a used car has risen 19.5% 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 32.2% [...] -
Appetite increases for used cars
- 28/04/2022
- 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 [...] -
Used car prices rise for 22nd straight month
- 07/02/2022
- 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 31.3% year on year growth on a like-for-like basis. This massive price growth continues to be fuelled by the [...] -
Used price growth remains unchecked
- 17/11/2021
- 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 26.9% 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 [...]