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INDICATA UK reveals 44% fall in used EV values
- 26/07/2024
- Posted by: Alan Feldberg
- Category: News
Electric car values in the three-year old category have fallen by nearly 44% in just 18 months. This is according to INDICATA UK’s latest Market Watch report. It revealed that used electric vehicle prices fell two per cent in June alone compared to a 0.1% fall across the wider used car market. This means price [...] -
Warrantywise appoints new dealer sales director
- 24/07/2024
- Posted by: Alan Feldberg
- Category: News
Warrantywise has appointed Wayne Duxbury as dealer sales director to drive growth and develop dealership relationships. Duxbury began his career at Warrantywise as a dealer account manager and was then promoted to field sales manager. He then worked for Momentum Warranties as regional manager and sales director [...] -
Cinch expands used car sales service with new stores
- 18/07/2024
- Posted by: Alan Feldberg
- Category: News
Online used car retailer cinch has announced it will open new sites in Northampton, Birmingham, Bristol and Manchester through July and August, with more locations to follow later in the year. The new stores will offer a wide range of used cars from cinch’s overall stock of more than 5,000 vehicles. Visitors [...] -
Car ownership demand increasing among young drivers
- 12/07/2024
- Posted by: Alan Feldberg
- Category: News
New research has revealed that car ownership among 17-24-year-olds is more important than ever. According to an Auto Trader study of over 2,000 young drivers, 90% said car ownership was important to them, with independence and poor public transport among the main reasons cited. In fact, 70% of those surveyed [...] -
Used car prices fall despite rising demand
- 02/07/2024
- Posted by: Alan Feldberg
- Category: News
New data has revealed that the average price of a used car fell marginally to £16,410 in June. According to Auto Trader, customer confidence has continued to grow in the first half of the year, with demand on its platform rising 12.4% year-on-year in June alone and used cars selling on average in 29 days compared [...] -
Volume models drive used car demand
- 27/06/2024
- Posted by: Alan Feldberg
- Category: News
Demand for used cars remains high with average selling times in June three days quicker than the same month last year. This is based on analysis of about 85 million visits to the Auto Trader platform last month, which revealed consumer demand for used cars is up 13% year on year. It found that demand was [...] -
Used car values hold firm
- 26/06/2024
- Posted by: Alan Feldberg
- Category: News
Used car values reported its strongest June since 2009, according to cap hpi. It found that prices fell by just 0.1% in the month, or £25, at three years and 60,000 miles. The average June decline is 1.2%. Average petrol values went up at both the one- and three-year age points, with diesel cars and both types [...] -
Administrators close to Cazoo deal
- 11/06/2024
- Posted by: Alan Feldberg
- Category: News
It has been reported that used car platform Motors.co.uk could be close to acquiring the marketplace division of Cazoo from its administrators. Cazoo plunged into administration last year and administrators Teneo have already offloaded a number of its divisions, including its wholesale arm to G3. Cazoo was set [...] -
Auto Trader names UK’s fastest-selling model
- 13/05/2024
- Posted by: Alan Feldberg
- Category: News
The UK’s fastest-selling car for May has been revealed. According to data published by Auto Trader, the Peugeot 208 up to one-year-old finds a buyer within 11 days of retailers making it available. Across the whole market, the average sales time for used cars is 28 days, which is still three days faster than [...] -
EVs reach record high in used car sales
- 10/05/2024
- Posted by: Alan Feldberg
- Category: News
The used car market has made its strongest start to a year since before the pandemic, with 1,967,923 sales in the first three months of 2024. This represents a 6.5% increase with sales volumes growing for 16 months in a row, according to data released by the Society of Motor Manufacturers and Traders [...]