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Predictability returns to used car market
- 26/04/2024
- Posted by: Alan Feldberg
- Category: News
Cap hpi data has suggested that used car volumes are returning to traditional trends. It found that car values at the three-year, 60,000-mile point, fell by 1.5% during April, or £300. This is in line with the 1.2% drop seen during the month since Cap Live was introduced 12 years ago. Meanwhile, values at the [...] -
Dealer demand sees used cars snapped up in hours
- 25/04/2024
- Posted by: Alan Feldberg
- Category: News
Used cars are selling to dealerships in an average time of just 36 hours, with some models attracting a buyer in only two hours. According to car-selling platform HonkHonk, which links consumers with dealerships, the average sales time is now nearly a day (22 hours) quicker than the final quarter of last [...] -
Used cars remain steady through March
- 19/04/2024
- Posted by: Alan Feldberg
- Category: News
Used car values held firm during March with average prices down just 0.6%, or £42, from February. According to data from BCA, demand for two- to four-year-old cars remains strong, although prices are falling for older and higher mileage vehicles. Stuart Pearson, BCA COO, said: “Whilst there has been some [...] -
Peugeot 3008 revealed as fastest selling used car
- 12/04/2024
- Posted by: Alan Feldberg
- Category: News
The fastest selling used car in the UK has been revealed as the Peugeot 3008. According to data from Auto Trader, the model takes just 12 days on average to attract a buyer. This is two weeks quicker than the national average for used cars, which is 26 days. The data also confirmed the growing demand for hybrid [...] -
Drivers in the dark about write-off categories
- 12/04/2024
- Posted by: Alan Feldberg
- Category: News
Up to 70% of used car buyers might be unaware if their vehicle has previously been written off. New research by Carwow has found that seven in 10 respondents do not know that a Category S or N insurance classification against a vehicle means it was written off following an incident that led to an insurance [...] -
Used car sales reach record levels
- 03/04/2024
- Posted by: Alan Feldberg
- Category: News
Used car demand and sales reached record levels in March, according to new data from Auto Trader. Its Retail Price Index, which is based on more than 800,000 daily pricing observations, found that average prices fell just 0.7% month-on-month, while a six per cent rise in demand outstripped a 0.7% increase in [...] -
Used car prices hold firm
- 26/03/2024
- Posted by: Alan Feldberg
- Category: News
The used car market remained stable in March as average values at three years and 60,000 miles fell just 0.1%, or £70. According to cap hpi, this marked the strongest March into April since 2019. Meanwhile, one-year-old vehicles also decreased by 0.1%, while five-year and 10-year old models fell by 0.7% and [...] -
Used car prices hold firm
- 25/03/2024
- Posted by: Alan Feldberg
- Category: News
Used car values at BCA fell just £34 during February, or 0.4%. The average sales price during the month was £7,564, which was still 9.4% ahead of December’s average price. Demand was driven by larger car supermarkets and franchise dealers, with interest strong in the two to four-year-old category. Stuart [...] -
Auto Trader announces data partnership with ONS
- 21/03/2024
- Posted by: Alan Feldberg
- Category: News
The Office for National Statistics (ONS) will use Auto Trader’s market pricing data to inform its inflation measurements such as the Consumer Prices Index (CPI). Prior to the partnership, official inflation in car prices was calculated by tracking a sample of about 100 different models at three different [...] -
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, [...]