Demand burgeoning for high mileage used cars
New research has revealed growing demand for high mileage used cars as customer confidence in the reliability of older vehicles grows. According to MotorEasy, 35% of car dealers think the market […]
Used cars
Two-tier used car market emerging – BCA
BCA has revealed a two-tier used car market as average used car prices fell by 7.4% in August to £6,994, their lowest value since December 2023. Meanwhile, prices are 4.9% down […]
Used Tesla sales suffer summer slowdown
Used Tesla sales fell from 3,09 units in June to 2,838 units in July, according to the latest data from MarketCheck. This means used Telsa sales have fallen for three […]
Used car prices steady but EV demand grows
Average used car prices were recorded at £17,131 in August, according to the latest Auto Trader Retail Price Index. This represents a marginal year-on-year decline of 0.1% and a monthly […]
Average used car values dip despite EV increases
Average used car values fell by 0.9% during August, according to the latest analysis from Solera cap hpi. At the benchmark three-year, 60,000-mile point, average values reduced by £195. One-year-old […]
Used electric cars selling 10 days quicker than market
Used electric cars sold in an average of 20 days on Auto Trader during August compared to 30 days for the wider market. Electric cars have now been the fastest-selling […]
Demand surging for used electric cars
Demand for used electric cars is exceeding supply, driving a 2.7% increase in average prices in July, according to new data from Indicata. Its August Market Watch found that electric […]
UK used electric vehicle market nears US size
The UK’s used electric vehicle market is nearly as big as the US market, according to new analysis from MarketCheck. The used vehicle data provider found that 197,653 used electric […]
Used electric vehicle values holding firm
Used electric vehicle values are expected to continue outperforming the wider market through August, according to Solera cap hpi. However, it predicts their advantage will start to narrow in the […]
CARS of Grimsby expands with used vehicle sales
CARS of Grimsby has launched a dedicated used car and van sales department. Operating under the name Select Vehicle Sales by CARS of Grimsby, the new department will allow customers across […]
Used electric vehicle values continue upwards trend
Used electric vehicle values in the three-year age bracket have risen seven per cent since March, according to Cazana. The increase follows a 1.6% rise in July alone. Against this, […]
Used car market returns to growth – SMMT
The UK’s used car market rose 0.7% to 2,009,318 sales in the second quarter of the year, according to the Society of Motor Manufacturers and Traders. Growth offset a marginal […]