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Used car prices to rise into 2022
- 05/11/2021
- Posted by: Alan Feldberg
- Category: News
The continued growth in the used car prices shows no signs of slowing down. According to data from the Auto Trader Retail Price Index, which is based on daily pricing analysis of about900,000 vehicles, October represented the 19th consecutive month of growth. It found prices increased by a record 25.6% on a [...] -
Cazoo creates 20 additional jobs
- 03/11/2021
- Posted by: Alan Feldberg
- Category: News
Cazoo has created 20 new jobs with the launch of its latest Customer Centre in Newcastle. This marks the 21st collection and drop-off location opened by Cazoo over the last 15 months. The site in Newcastle was acquired earlier this year and Cazoo has since invested over £1m, creating 20 new customer-facing and [...] -
Used prices overtake some new models
- 22/10/2021
- Posted by: Alan Feldberg
- Category: News
The latest data from Auto Trader found that the average price of a used car increased 23.9% year-on-year last week. Not only does this mark 76 weeks of consecutive growth, but a fourfold increase on the 5.7% year-on-year recorded during the week of 12 April, when physical forecourts reopened. The record price [...] -
Drivers vastly over-estimating used car values
- 12/10/2021
- Posted by: Alan Feldberg
- Category: News
Almost three quarters of UK motorists are unable to accurately gauge a used car’s value, according to a recent study. The survey of 2,000 car buyers, commissioned by CarGurus, asked participants to guess the value of the five most sought-after used vehicles in their respective classes. It found that 71% [...] -
Dealerweb sees September surge in orders
- 11/10/2021
- Posted by: Alan Feldberg
- Category: News
Dealerweb has reported a 37% increase in September orders against the same month in 2020. The used market slowed for the third consecutive month with a nine per cent decline in enquiries and a four per cent fall in orders, while the average sold price of a used vehicle increased to £23,400 from £19,356 in [...] -
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 [...] -
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 [...] -
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 [...] -
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 [...] -
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 [...]