EVs rise in falling market
More used electric vehicles were sold last year than ever before, but they still made up just 4.1% of the overall market. According to the Society of Motor Manufacturers and […]
Used cars
New car buyers driven in droves to used market
New research has found that the cost-of-living crisis is having a significant impact on new car buyers, with many switching to the used vehicle market or not replacing their existing […]
Used car prices rise for 34th straight month
The average retail price of a used car was £18,119 in January, marking a 2.7% year-on-year increase on a like-for-like basis and the 34th month of consecutive price growth. This is […]
Buyers doubtful of approved-used programmes
Nearly half of car buyers in the UK do not believe thorough vehicle checks are carried out by dealers and manufacturers when they buy an approved used car. According to […]
Used car demand remains robust
Used car demand remained steady during December, although online remarketer BCA reported a definite lift in interest through the festive season as BCA. It found that values averaged £8,265 last […]
Auto Trader reports healthy January demand
Retail prices and consumer demand have been healthy in the first few weeks of 2023. According to the latest data from the Auto Trader Price Index, the current average price […]
Demand cools for used cars
New data from the AA Used Car Index has revealed that price growth for the most popular second-hand models has slowed sharply It found that prices for the top 20 […]
Used car market remains robust into 2023
Auto Trader data suggests the used car market has entered the New Year in a robust position, with both retail prices and consumer demand stable in December. Its Retail Price […]
Manufacturer-refurbished programmes on the cards
New research has found that car buyers would choose manufacturer-refurbished programmes over approved-used programmes. The manufacturer-refurbished programme, already introduced by the likes of Renault and Toyota, involves car maker ‘remanufacturing’ […]
Used car prices remain robust
Used car retail prices are up 3.4% year-on-year (YoY), according to Auto Trader’s Retail Price Index data, with the current average price of a used car now £18,066. Since reaching a peak […]
BCA reports softening of used car prices
Used car values averaged £8,492 at BCA in November 2022, down by £331 or 3.8% compared to October. Meanwhile, buyer engagement across BCA’s online sales programme remained robust and first-time […]
SMR risks rise as car parc ages
Servicing, maintenance and repair (SMR) issues are likely to plague fleet managers and businesses throughout 2023 thanks to a “perfect storm” of ageing vehicles and grey fleet maintenance spend avoidance. […]