• 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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  • Used car prices keep climbing

    • 17 September 2021
    • Posted by: Alan Feldberg
    • Category: News
    The average price of used cars increased 186% year-on-year in the second week of September According to Auto Trader, this marks a 12% growth on the previous week and a three-fold increase on the 57% year-on-year growth recorded when forecourts reopened Consumer demand continues to drive growth, with cars [...]
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  • Seven million MOTs due in coming months

    • 17 August 2021
    • Posted by: Alan Feldberg
    • Category: News
    More than seven million MOTs are due to expire during September and October, according to the latest figures released by the Driver and Vehicle Standards Agency (DVSA) That is around 13 million more than normal, or a 22% rise The rise in demand is a result of the six-month MOT exemption introduced between 30 [...]
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  • Demand still strong for used cars

    • 2 August 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 31% at the three-year point during the month of July, equivalent to over £425 per car This rise follows the 48% increase during June and a 67% increase during May, meaning that on average, values [...]
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  • Unprecedented rise of used car prices

    • 2 July 2021
    • Posted by: Alan Feldberg
    • Category: News
    Used car prices have increased by a staggering 135% in the last three months According to data from cap hpi, values increased 48% at the three-year point during the month of June, equivalent to over £625 per car This rise follows the two per cent increase during April and 67% increase in May, signifying that on [...]
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