• Car finance market reports healthy growth
    • 08/04/2022
    • 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
    • 13/01/2022
    • 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 9.2%. However, the shortage of new and used vehicles was evident, with a 31% fall [...]
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  • Supply shortage to continue into 2022
    • 22/10/2021
    • 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
    • 17/09/2021
    • Posted by: Alan Feldberg
    • Category: News
    The average price of used cars increased 18.6% year-on-year in the second week of September. According to Auto Trader, this marks a 1.2% growth on the previous week and a three-fold increase on the 5.7% 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
    • 17/08/2021
    • 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 1.3 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
    • 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, [...]
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  • Unprecedented rise of used car prices
    • 02/07/2021
    • Posted by: Alan Feldberg
    • Category: News
    Used car prices have increased by a staggering 13.5% in the last three months. According to data from cap hpi, values increased 4.8% 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 6.7% increase in May, signifying [...]
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