• Used car market still below pre-pandemic levels
    • 08/08/2023
    • Posted by: Alan Feldberg
    • Category: News
    Used car transactions are expected to surpass 7.1 million units this year, which represents a 4.4% increase on 2022. However, this is still three per cent below the average pre-pandemic figure. According to Cox Automotive, there will be nearly 1.9 million transactions in the third quarter of the year, falling to [...]
    read more

  • Used car prices plateau in June
    • 03/08/2023
    • Posted by: Alan Feldberg
    • Category: News
    Average used care values remained consistent for the third month in a row, according to BCA. It reported average prices of £8,255 with the mix of vehicles continuing to heavily influence the overall price. Unsurprisingly, the shortage of genuine three to four-year-old products continues to be a key factor and [...]
    read more

  • Peter Vardy to close two sites
    • 02/08/2023
    • Posted by: Alan Feldberg
    • Category: News
    One of Scotland’s leading automotive companies The Peter Vardy Group has announced it will close two purpose-built used car supermarkets in Dundee and Glasgow. This move comes as a result of the challenges faced in the used car market post-Covid, primarily due to a lack of used vehicle supply. Peter Vardy, [...]
    read more

  • July dip in used car values
    • 31/07/2023
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    Used car values fell by 1.9% in July despite healthy wholesale activity, according to data experts at cap hpi. The fall of 1.9%, or £350 on average, is a larger drop than the average pre-Covid July figure of a drop of 1.2% although average used car prices remain almost 30% higher than they were two years [...]
    read more

  • Used car price growth eases
    • 21/07/2023
    • Posted by: Alan Feldberg
    • Category: News
    The rise in used car values slowed in July, slowing from a 3.2% year-on-year increase in June to 2.8%. This is according to Auto Traders Used Car Price Index, which found the increase is being fuelled by supply pressures in relation to consumer appetite. Meanwhile, average prices of electric vehicles continued [...]
    read more

  • Used values increase in May
    • 10/07/2023
    • Posted by: Alan Feldberg
    • Category: News
    BCA has reported that used car values improved in May, up by one per cent to an average price of £8,403. Performance against guide prices improved by 1.6% compared to April. BCA also saw an improving used marketplace for electric vehicles, which are becoming increasingly more affordable following the [...]
    read more

  • Used car prices up for 39th consecutive month
    • 06/07/2023
    • Posted by: Alan Feldberg
    • Category: News
    Second-hand car prices are accelerating at their fastest rate in eight months, according to the latest data from the Auto Trader Retail Index. With an average retail value of £17,756, June marks a year-on-year price growth of 3.2% on a like-for-like basis, and the 39th consecutive month of growth, with the [...]
    read more

  • Used car prices continue climbing
    • 23/06/2023
    • Posted by: Alan Feldberg
    • Category: News
    The current average retail value for a used car is up 3.5% on last year’s levels, which were already 24% above 2021. This is according to Auto Trader’s Retail Price Index. However, electric vehicle retail prices are still contracting on a year-on-year basis, with current values down 18.4%. However, there are [...]
    read more

  • Used car reliability revealed
    • 21/06/2023
    • Posted by: Alan Feldberg
    • Category: News
    Britain's most and least reliable used cars have been revealed in the annual Used Car Reliability Survey from What Car? Analysing feedback from almost 25,000 car owners, the survey identified the country’s most reliable used cars aged between six and 20 years old. Suzuki achieved the highest brand rating at [...]
    read more

  • Used car prices 38% up in three years
    • 01/06/2023
    • Posted by: Alan Feldberg
    • Category: News
    New data has revealed the lasting impact of the Covid-19 pandemic on prices of Britain’s best-selling used cars. On 1 June 2020, the UK government allowed car showrooms to welcome back customers following the first wave of the pandemic. Since then, the average used vehicle price in the UK has gone up 38% compared [...]
    read more