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Used car values fall again in November
- 28/11/2023
- Posted by: Alan Feldberg
- Category: News
November saw used trade values fall by 4.2%, or £775 at the three-year age point, according to experts at cap hpi. The news follows October’s fall of 4.2%, which means that average trade values have dropped by 8.4% or £1,625 in the last two months. However, average values remain around 15% above where they [...] -
Demand spikes for used EVs
- 22/11/2023
- Posted by: Alan Feldberg
- Category: News
The average price of a used car fell one per cent in mid-November, according to Auto Trader data but demand remains strong, particularly for alternatively fuelled vehicles. It found that customer demand is up 6.9% on November 2022 while supply is up just 3.2% It’s a largely similar picture across fuel types, [...] -
Richard Hardie agrees BCA partnership
- 21/11/2023
- Posted by: Alan Feldberg
- Category: News
North East dealer group Richard Hardie has agreed an exclusive one-year remarketing deal with BCA. The group operates dealerships in Sunderland, Ashington and Silverlink, Wallsend. It will offer around 500 vehicles over the duration of the deal, with sales staged twice weekly via the BCA Online sales programme. [...] -
BCA reports rise in used car values
- 13/11/2023
- Posted by: Alan Feldberg
- Category: News
Average used car values rose again in October according to data released by the BCA. It saw prices rise to £7,397 from £7,262 September, halting a trend that had seen values decline for four consecutive months. At the same time, the price guides declared the largest monthly downward move in more than 10 years, [...] -
Used car market swells in September
- 09/11/2023
- Posted by: Alan Feldberg
- Category: News
The UK’s used car market grew by 5.5% during the third quarter, with 1,884,160 units changing hands, according to the Society of Motor Manufacturers and Traders (SMMT). The increase marks the third successive quarter of growth, with 98,713 additional transactions compared with the same period in 2022. Volumes [...] -
Used car values shift again in volatile market
- 07/11/2023
- Posted by: Alan Feldberg
- Category: News
Cap hpi is urging the industry to track used cars values closely as a volatile market continues to shift quickly. It has reported prices have already slipped 1.5% on average since the publication of its most recent monthly editorial on 27 October. The news follows the 4.2% drop reported at the end of October, [...] -
Used car values continue downwards trend
- 30/10/2023
- Posted by: Alan Feldberg
- Category: News
Used car values fell in October according to data from cap hpi. It found that average three-year-old vehicles with 60,000 miles declined by 4.2%, or £850. This is the largest drop in a single month since the introduction of cap Live in 2012 and the largest fall since May 2011, over 12 years ago. Meanwhile, [...] -
Hyundai UK extends used-car warranty
- 27/10/2023
- Posted by: Alan Feldberg
- Category: News
Hyundai Motor UK has announced a new partnership with Assurant to offer its customers a five-year extended warranty for all eligible used car purchases. The five-year Hyundai Promise warranty proposition is available for all vehicle types, covering petrol, diesel, hybrid and electric vehicles. Sean Kent, [...] -
Growing demand pushes up used EV prices
- 20/10/2023
- Posted by: Alan Feldberg
- Category: News
New data from Auto Trader has revealed that used EV prices have risen 0.6% so far in October to an average price of £32,203. However, prices are still down 19.6% on a year-on-year (YoY) basis. The slight rise during October is marginally ahead of the 0.2% rise is used petrol vehicles but just below the 0.7% [...] -
Smart growth for Smart Repairs
- 16/10/2023
- Posted by: Alan Feldberg
- Categories: Featured, News
Leeds-based independent cosmetic vehicle repairer Smart Repairs has announced an increase in turnover of 25% this year and is now predicting overall turnover to to rise to more than £9.5m. Managing director Darryl Short said: “Since 2019, we have achieved sustained growth across the UK, disrupting the fragmented [...]