• LCV values find their level

    • 20 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    BCA has announced that LCV values averaged £9,864 in August, down from the figure of £10,220 reported in July but still ahead of May and June Performance against guide prices improved to 975%, with just a £10 differential between August 2021 and August 2022  Stuart Pearson, BCA COO UK, said: “The overall [...]
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  • Used car values on the rise again

    • 21 July 2022
    • Posted by: Alan Feldberg
    • Category: News
    Used car values rose to £9,196 in June, according to data released by BCA, making it the first month-on-month rise in values recorded this year  Values improved by £745 across the board compared to May 2022, equivalent to an 88% increase over the month, with volumes broadly static Meanwhile, performance against [...]
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  • Demand ‘volatile’ in LCV market

    • 20 July 2022
    • Posted by: Alan Feldberg
    • Category: News
    LCV values averaged £9,800 at BCA in June, up by £283 compared to May Year-on-year, values for June 2022 were down by £133 compared to June 2021 While average LCV values have risen for the first time in 2022, demand remains volatile Stuart Pearson, BCA COO UK, said: “It underlines the somewhat unpredictable [...]
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  • 10 million MOTs due in autumn

    • 13 July 2022
    • Posted by: Alan Feldberg
    • Category: News
    Demand for MOTs is expected to rise sharply from August, according to data obtained from the DVSA by BookMyGarage The Freedom of Information (FOI) request found that the number of vehicles due an MOT will surge by up to 23% in the late summer and into autumn The busiest month for MOTs is expected to be September, [...]
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  • Used car prices up 28%

    • 8 June 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    The like-for-like price of a used car has risen 284% in the past 12 months According to the Auto Trader Retail Price Index, used car prices have risen for 26 consecutive months on a like-for-like basis The RPI is based on Auto Trader’s daily pricing analysis of around 900,000 vehicles It found that prices in [...]
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  • EV sales exceeding targets

    • 8 June 2022
    • Posted by: Alan Feldberg
    • Category: News
    New data has found that the UK is on course to meet the government’s electric vehicle targets, with adoption rates now ahead of the required curve Data from the Department for Transport included in Volkswagen Financial Services UK’s first EV tracking report found that over the past decade sales of electric [...]
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  • LCV values remain healthy

    • 30 May 2022
    • Posted by: Alan Feldberg
    • Category: News
    LCV values remained above £10,000 for the fifth consecutive month in April, according to BCA It reported that average values were £10,005 in April, down by just £128 (13%) compared to March, however performance against guide prices improved slightly from 965% to 973% over the month Year-on-year, values for [...]
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  • Car finance market reports healthy growth

    • 8 April 2022
    • Posted by: Alan Feldberg
    • Category: News
    Figures released by the Finance & Leasing Association (FLA) show that the consumer car finance market reported new business volumes up in February by 24% compared with the same month in 2021 The corresponding value of new business grew by 39% over the same period In the first two months of 2022, new business [...]
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  • Consumer demand remains high

    • 13 January 2022
    • Posted by: Alan Feldberg
    • Category: News
    A new study has revealed growing consumer demand in December The data compiled by lead management specialists at iTrackLEADS compared sales activity in December 2021 against the same month in 2020, and found that sales increased 92% However, the shortage of new and used vehicles was evident, with a 31% fall in [...]
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  • Supply shortage to continue into 2022

    • 22 October 2021
    • Posted by: Alan Feldberg
    • Category: News
    A new report is predicting that the high cost of used cars will continue well into 2022 According to the Cox Automotive and Grant Thornton Automotive Insight Report, the global new car production over the past 18 months has led to a shortage of good quality used vehicles coming to market With drivers holding [...]
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