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Used car values top £11k
- 15/11/2021
- 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 [...] -
Used car prices to rise into 2022
- 05/11/2021
- 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 25.6% on a [...] -
Drivers vastly over-estimating used car values
- 12/10/2021
- 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% [...] -
Used prices set to keep soaring
- 24/09/2021
- 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 [...] -
Used car prices still climbing
- 06/09/2021
- 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 3.7% 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 [...] -
Used car price rise beginning to taper
- 26/08/2021
- Posted by: Alan Feldberg
- Category: News
Used car prices may have reached a ceiling, with just 4.6% 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 24.1% in 2019, but that has shrunk as a result of the pandemic and global electronic chip shortage. In 2019 customers of [...] -
Demand still strong for used cars
- 02/08/2021
- Posted by: Alan Feldberg
- Category: News
Used car values have continued to track steeply upwards. Cap hpi’s live trade values reported an overall increase of 3.1% at the three-year point during the month of July, equivalent to over £425 per car. This rise follows the 4.8% increase during June and a 6.7% increase during May, meaning that on average, [...] -
LCV values reach record high in June
- 26/07/2021
- Posted by: Alan Feldberg
- Category: News
LCV values rose sharply in June to reach an average price of just under £10,000 at BCA. Prices rose by £558 to reach an average value of £9,933, the highest recorded average monthly value on record at BCA. Bidding from over 2,000 different buyers during the month pushed prices up, aided by a rise in demand of [...] -
Car price inflation exceeding wage rises
- 30/06/2021
- Posted by: Alan Feldberg
- Category: News
Car prices have risen five times faster than wages over the past decade. Research from Moneybarn has found that some models have more than doubled in price since 2011, while wages have risen only a fraction of that. According to its Carflation study between 2011 and 2021, the average earnings in Britain [...] -
Salaries fall behind car price inflation
- 10/06/2021
- Posted by: Alan Feldberg
- Category: News
A new study has found that the price of cars is rising faster than salaries. The research, carried out by Moneybarn, looked at the increase in prices of more than 80 popular models over the past decade, and compared it to the rise in average salaries in that time. It found that average salaries rose from [...]