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Used car market facing unprecedented shift
- 19/03/2024
- Posted by: Alan Feldberg
- Category: News
A new report predicts that electric vehicles will make up 28% of all used car sales in the period between 2024 and 2027. According to the latest four-year market forecast published by Cox Automotive, up 2.3 million used EVs will be sold before 2027, representing a 160% increase in market share. Meanwhile, [...] -
Stability returns to car sales
- 15/01/2024
- Posted by: Alan Feldberg
- Category: News
Cox Automotive is predicting a more stable year for new and used car sales, after a period of volatility. It expects 2,020,050 new vehicle registrations in 2024, an increase of 6.1% year-on-year, with 7,350,205 used car sales for the full year. Insight director Philip Nothard said: “The SMMT’s latest figures [...] -
Used car market still below pre-pandemic levels
- 08/08/2023
- Posted by: Alan Feldberg
- Category: News
Used car transactions are expected to surpass 7.1 million units this year, which represents a 4.4% increase on 2022. However, this is still three per cent below the average pre-pandemic figure. According to Cox Automotive, there will be nearly 1.9 million transactions in the third quarter of the year, falling to [...] -
Used car prices here to stay
- 09/12/2021
- Posted by: Alan Feldberg
- Category: News
The latest market tracker report published by Cox Automotive is predicting that used car prices may never return to pre-pandemic levels. The report found that the coronavirus pandemic has rapidly accelerated the online and digital marketplace and as a result demand for used vehicles has outstripped capacity and [...]