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Buyer demand dips by a fifth in August
- 05/09/2022
- 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 [...] -
VWFS reveals record finance levels
- 08/08/2022
- 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 [...] -
Used car demand still inflating prices
- 04/08/2022
- Posted by: Alan Feldberg
- Category: News
The average price of a used car has risen 19.5% 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 32.2% [...] -
Car buyers reacting to cost of living crisis
- 20/07/2022
- 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 36.61% have [...] -
Cazoo announces Italian expansion
- 23/06/2022
- 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 [...] -
Satisfaction high despite used car prices
- 13/06/2022
- 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 29.5% over the last year. The findings come from the CarGurus UK Buyer Insight Report, which details how [...] -
Demand dips for used vehicles
- 08/06/2022
- 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 [...] -
Used car values beginning to realign
- 18/05/2022
- Posted by: Alan Feldberg
- Category: News
Used car values averaged £8,552 at BCA in April 2022 as the used marketplace continued to level out in the face of numerous external economic pressures. Values were on a par with those seen a year ago, although the intervening 12 months have seen average values reach exceptional levels as pent up demand combined [...] -
Used car buyers turn to automatics
- 12/05/2022
- Posted by: Alan Feldberg
- Category: News
Automatics now make up as much as 72% of the used car market in parts of the UK, with their numbers bolstered by the increasing popularity of electric vehicles. This is according to new research by AA Cars, which is the AA’s used car website. Across the UK, automatics now make up 41% of the used cars for sale [...] -
BCA and SsangYong agree logistics deal
- 11/05/2022
- Posted by: Alan Feldberg
- Category: News
SsangYong Motors UK and BCA have agreed a new logistics partnership that will support SsangYong meet customer needs. BCA is the leading end-to-end, fully digital B2B used car marketplace across the UK and Europe, supported by its own in-house fulfilment and logistics services. It offers a full range of integrated [...]