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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 [...] -
Used car values slowly softening
- 07/09/2023
- Posted by: Alan Feldberg
- Category: News
Used car prices were 1.1% higher in August than the same month last year. According to the Auto Trader Retail Price Index, the average price of a used car was £17,732 last month. Although this represents only a marginal increase, it does mean used car prices have now risen for 41 consecutive months, with the [...] -
Uses car values rise despite EV volatility
- 17/02/2023
- Posted by: Alan Feldberg
- Category: News
Used car values at BCA saw a modest uplift in January 2023, with improved demand driving a 1.6% increase. Values averaged £8,400 in January, which is up by £135 compared to December 2022. However, the used EV market remained volatile, although the uplift in general demand combined with a significant pricing [...] -
Used car prices levelling off
- 09/05/2022
- Posted by: Alan Feldberg
- Category: News
The average price of a used car increased by 32.2% year-on-year in April, according to data from the Auto Trader Retail Price Index. Although it marks the 25th month of consecutive price growth, it does suggest a slowing market, with the rate of growth increasing just a fraction on the 32% rate recorded in [...]