• Used prices set to keep soaring
    • 24/09/2021
    • Posted by: Alan Feldberg
    • Category: News
    Average monthly used car values at BCA surpassed £10,000 for the first time ever. Historically, used car activity has been slower in August due to the peak summer holiday season and the impending plate change on 1 September, however the element of seasonal market swings has all but disappeared in 2021. Stuart [...]
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  • Used car prices keep climbing
    • 17/09/2021
    • Posted by: Alan Feldberg
    • Category: News
    The average price of used cars increased 18.6% year-on-year in the second week of September. According to Auto Trader, this marks a 1.2% growth on the previous week and a three-fold increase on the 5.7% year-on-year growth recorded when forecourts reopened. Consumer demand continues to drive growth, with cars [...]
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  • Used car prices still climbing
    • 06/09/2021
    • Posted by: Alan Feldberg
    • Category: News
    cap hpi has found that used car values are continuing their unparalleled shift upwards. It’s daily produced Live trade values reported an overall increase of 3.7% at the three-year point during the month of August, equivalent to almost £500 per car. Whilst this rise on its own would be quite extraordinary, it [...]
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  • Used car price rise beginning to taper
    • 26/08/2021
    • Posted by: Alan Feldberg
    • Category: News
    Used car prices may have reached a ceiling, with just 4.6% between the price of a new car and a car bought a year ago. According to BuyaCar, the average price gap between new and used cars was 24.1% in 2019, but that has shrunk as a result of the pandemic and global electronic chip shortage. In 2019 customers of [...]
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  • Used car prices rise for 66th straight week
    • 23/08/2021
    • Posted by: Alan Feldberg
    • Category: News
    Consumer demand is continuing to drive record price growth, with the average price of a used car surging another 15% year-on-year in the week starting 9 August. This is according to Auto Trader, which has now recorded 66 consecutive weeks of growth. Another testament to the underlying levels of demand in the [...]
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  • BCA reports second month of record prices
    • 11/08/2021
    • Posted by: Alan Feldberg
    • Category: News
    BCA has reported record values in the used car market for the second consecutive month. The average used car sold for £9,513 at BCA in July, a £330 (3.6%) increase over June’s average figure, which was also a record – and nearly £1,000 (11.7%) ahead of the same month in 2020. Stuart Pearson, COO BCA UK, [...]
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  • Huge demand drives record used price growth
    • 06/08/2021
    • Posted by: Alan Feldberg
    • Category: News
    Used car prices rose 14.1% in July to a record average price of £14,781. This is according to results from the Auto Trader Retail Price Index, which is based on daily pricing analysis of about 900,000 vehicles. Further, this was the 16th consecutive month of growth on a year-on-year basis, with the rate of [...]
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  • Consumer demand shifts to new vehicles
    • 03/08/2021
    • Posted by: Alan Feldberg
    • Category: News
    Enquiries for new vehicles increased by 20% in July compared the same month last year, while orders rose 11.4%. This is according to Dealerweb, which also found that the cooling of the used market continued with a 10% fall in enquiries and an eight per cent fall in orders. This follows June data that saw enquiries [...]
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  • New service broadens Auto Trader stock
    • 03/08/2021
    • Posted by: Alan Feldberg
    • Category: News
    Auto Trader has broadened its service to offer retailers access to vehicles sourced directly from consumers. This includes private stock advertised on its marketplaces, part exchanges, and private sales made through its customer-facing instant cash offer on the Dealer Auction platform. Auto Trader expects its [...]
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  • Recovery continues in car finance market
    • 02/08/2021
    • Posted by: Alan Feldberg
    • Category: News
    New business volume in the consumer car finance market grew 12% in June compared to the same month in 2020. This is according to figures released by the Finance & Leasing Association (FLA). It also reported that new business volumes were 31% higher in the first half of the year than in the same period in [...]
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