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Used car values set to stabilise
- 11/01/2024
- Posted by: Alan Feldberg
- Category: News
Average used car values at BCA ended last year at £6,918, down by £315 on November’s figure. The downturn in December continued a trend throughout the second half of 2023; since peaking in March, average used car values declined by over 22% with nearly half of this realignment taking place in the final quarter of [...] -
Demand grows as prices tumble
- 08/01/2024
- Posted by: Alan Feldberg
- Category: News
Demand for used cars rose 11.7% in December while average values fell 5.6% to £17,064, according to Auto Trader’s Retail Price Index. Data revealed that one to three-year-old cars saw a huge 35% rise due to the 16.1% increase in demand far outpacing the 14.3% fall in supply, while the three to five-year-old [...] -
New car market finishes 2023 strongly
- 05/01/2024
- Posted by: Alan Feldberg
- Categories: Featured, News
The UK new car market grew for the 17th month in a row in December to make 2023 the best year since the pandemic. Sales were up 9.8% in December and 17.9% for the year to 1.903 million units, according to figures from the Society of Motor Manufacturers and Traders (SMMT). Meanwhile, battery electric vehicle [...] -
Kia sets new UK sales record
- 05/01/2024
- Posted by: Alan Feldberg
- Category: News
Kia is celebrating a record-breaking year of sales in 2023, having sold 107,765 cars to UK customers. It finished 2023 as the sixth best-selling brand in the UK with 5.7% market share, and was also the third best-selling brand for electrified models with EVs making up 45% of the brand’s annual UK sales and seven [...] -
Bumper year expected for car sales
- 18/12/2023
- Posted by: Alan Feldberg
- Category: News
Auto Trader is predicting that the new car market will grow four per cent next year from an estimated 1.89 million in 2023, to circa 1.97 million. It expects the sale of EVs to also rise substantially, with the strict ZEV Mandate requiring 22% of all brand sales to be zero emission or face a fine of £15,000 for [...] -
Aston Barclay reveals Christmas charity schedule
- 11/12/2023
- Posted by: Alan Feldberg
- Category: News
Aston Barclay is hosting a series of events throughout December to raise funds for Motor Neurone Disease Association and automotive industry charity Ben. In partnership with Zenith, it will launch its Calendar Cars campaign where a different used car is revealed each weekday, to bid on and buy later the same [...] -
New car sales up by 9.5%
- 06/12/2023
- Posted by: Alan Feldberg
- Category: News
The UK new car market grew by 9.5% in November to reach 156,525 units, according to the Society of Motor Manufacturers and Traders (SMMT). In the market’s best November for four years, registrations almost returned to pre-pandemic levels, down just 96 units on 2019. Growth was driven entirely by fleets [...] -
Demand spikes for used EVs
- 22/11/2023
- Posted by: Alan Feldberg
- Category: News
The average price of a used car fell one per cent in mid-November, according to Auto Trader data but demand remains strong, particularly for alternatively fuelled vehicles. It found that customer demand is up 6.9% on November 2022 while supply is up just 3.2% It’s a largely similar picture across fuel types, [...] -
Car sales hit highest point in five years
- 06/11/2023
- Posted by: Alan Feldberg
- Category: News
October’s new car market grew by 14.3% to reach 153,529 registrations, 7.2% above pre-pandemic levels and marking the best performance for the month since 2018. According to the Society of Motor Manufacturers and Traders (SMMT), the 15th month of consecutive growth was driven almost entirely by large [...] -
VWG sees EV sales surge 45%
- 27/10/2023
- Posted by: Alan Feldberg
- Category: News
The Volkswagen Group has announced that sales of all-electric model increased by 45% in the first nine months of the year. In total, it sold 531,500 zero emission vehicles around the world, which represents 7.9% of all deliveries. This is up from 6.1% in the first nine months of 2022. In the third quarter [...]