• Used car prices record 32nd month of growth

    • 1 December 2022
    • Posted by: Alan Feldberg
    • Category: News
    The latest data from Auto Trader’s Retail Price Index has revealed that used car retail prices remain stable The data, which is based on circa 900,000 daily pricing observations, shows that the average retail price of a used car in November was £17,801, marking a 47% year-on-year (YoY) increase on a [...]
    read more

  • Demand still strong for used cars

    • 21 November 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    Latest data from Auto Trader has revealed that used car prices remained stable last month Average prices actually rose £300 from September to £17,863 Prices have now been neutral or risen for five consecutive months while on a year-on-year and like-for-like basis they are up 51% higher than this time last [...]
    read more

  • Used car market records 29th month of growth

    • 6 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    The latest data from the Auto Trader Retail Price Index suggests the used car market remains strong It found that average used car prices continued to grow year-on-year in August, increasing 156% on a like for like basis, marking the 29th month of consecutive price growth At a more granular level, prices also [...]
    read more

  • Buyer demand dips by a fifth in August

    • 5 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    Demand for new and used vehicles declined in August against the same month last year, according to data from lead management experts at iTrackLEADS Overall enquiries fell 21%, the second largest fall this year While the number of leads responded to fell by 20%, dealers worked effectively to see only a 12% fall [...]
    read more

  • VWFS reveals record finance levels

    • 8 August 2022
    • Posted by: Alan Feldberg
    • Category: News
    Volkswagen Financial Services UK (VWFS) has financed a record 100,000 used cars so far this year It activated more than 10,000 used finance cases in July alone and is now financing every other used car sold through its retailer network These figures mean that Volkswagen Financial Services UK has seen significant [...]
    read more

  • Used car demand still inflating prices

    • 4 August 2022
    • Posted by: Alan Feldberg
    • Category: News
    The average price of a used car has risen 195% in the last year According to data from the Auto Trader Retail Price Index, which is based on analysis of about 900,000 vehicles, the average price of a used car was £17,173 in July However, last month’s growth rate is down on the all-time high of 322% recorded [...]
    read more

  • Car buyers reacting to cost of living crisis

    • 20 July 2022
    • Posted by: Alan Feldberg
    • Category: News
    New research from What Car has found that the cost of living crisis is causing car buyers to delay their purchases, reduce their budgets and consider different makes and models from what they initially intended It’s in-market research of 1,232 buyers who said they were in the market for a car found 3661% have [...]
    read more

  • Cazoo announces Italian expansion

    • 23 June 2022
    • Posted by: Alan Feldberg
    • Category: News
    Online car retailer Cazoo has announced that it has launched in Italy The company owns and reconditions its cars before delivering them to customers in just a few days, offering customers a full seven-day money back guarantee as well as a 12-month warranty Alex Chesterman, founder and CEO of Cazoo said: “We [...]
    read more

  • Satisfaction high despite used car prices

    • 13 June 2022
    • Posted by: Alan Feldberg
    • Category: News
    More than eight in 10 (84%) of UK car buyers are satisfied they got a great or good deal on their most recent used car purchase That’s despite data from CarGurus revealing that used car prices have soared 295% over the last year The findings come from the CarGurus UK Buyer Insight Report, which details how [...]
    read more

  • Demand dips for used vehicles

    • 8 June 2022
    • Posted by: Alan Feldberg
    • Category: News
    Demand for new and used vehicles fell in May as overall consumer enquiries declined by 23% This is according to lead management experts at iTrackLEADS, which also found that dealers became more efficient compared to the same month last year as the number of lost sales fell by 40% In addition, test drives fell by [...]
    read more