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Used petrol cars top wish-list for new drivers
- 02/10/2023
- Posted by: Alan Feldberg
- Category: News
New research has revealed that 98% of newly qualified driver will get a used car as their first vehicle, with 84% opting for petrol and 12% selecting a diesel model. Only four per cent say they will buy an electric car first. This is according to data from Young Driver, which surveyed 500 customers under the age [...] -
Used car values weakening
- 27/09/2023
- Posted by: Alan Feldberg
- Category: News
Used car values fell by their largest amount since 2008 in September. According to data from cap hpi, values dropped by 1.9%, or about £420, at the three-year, 60,000 point. Values at the one-year age point dropped by 1.6%, equivalent to £575, while older cars dropped by 1.8% at five years old and 2.1% at [...] -
Used EV prices inch up in September
- 19/09/2023
- Posted by: Alan Feldberg
- Category: News
The price of used EVs rose in September after 12 months of consecutive decline. This is according to Auto Trader’s Retail Price Index, which has reported a 0.8% price rise so far in September to an average price of £32,463. Meanwhile, used petrol car prices have also risen, up 0.1% month-on-month, although [...] -
Customer satisfaction high despite higher prices
- 15/09/2023
- Posted by: Alan Feldberg
- Category: News
Over three-quarters (80%) drivers believe they got a good deal on their used car purchase despite prices still averaging 37% higher than they were before the pandemic. A CarGurus survey of over 1,500 recent car buyers and sellers found that a quarter (24%) of buyers reported getting a great deal while 56% felt they [...] -
Used car values slowly softening
- 07/09/2023
- Posted by: Alan Feldberg
- Category: News
Used car prices were 1.1% higher in August than the same month last year. According to the Auto Trader Retail Price Index, the average price of a used car was £17,732 last month. Although this represents only a marginal increase, it does mean used car prices have now risen for 41 consecutive months, with the [...] -
Used car prices continue to fall
- 29/08/2023
- Posted by: Alan Feldberg
- Category: News
Used car values fell two per cent in August, the fifth consecutive month of falling values. According to cap hpi, the decrease was the largest recorded since the introduction of cap Live in 2012, and second only to August 2010. Darren Martin, director of valuations at cap hpi, said: “August is generally a [...] -
Suzuki unveils new warranty scheme
- 24/08/2023
- Posted by: Alan Feldberg
- Category: News
Suzuki has announced its own in-house approved used car warranty. The launch of the new warranty will also help further increase customer retention as well as a higher volume of service, maintenance, and repair for the dealer network. The Suzuki approved used car warranty offers customers 12 months comprehensive [...] -
Kia tops list of used car searches
- 14/08/2023
- Posted by: Alan Feldberg
- Category: News
A recent study has revealed that the Kia Sportage is the UK’s most searched-for used car. The study was conducted by car finance refund experts Undisclosed.co.uk, which evaluated the number of yearly searches for 145 models of used cars across 29 brands. It found that the Kia Sportage was searched for 33,970 [...] -
Used car market enjoys quarterly growth
- 09/08/2023
- Posted by: Alan Feldberg
- Category: News
The UK’s used car market rose by 4.1% during the second quarter of the year, with 1,832,267 units changing hands. According to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT), the increase equates to an additional 72,583 transactions compared with the same period in 2022, [...] -
Car values ‘precariously high’
- 08/08/2023
- Posted by: Alan Feldberg
- Category: News
A new report has warned that the price of used cars in the UK is ‘precariously high’. The strategic report was published by The Retail Motor Industry Federation (RMI), the umbrella organisation for franchised dealers (NFDA), independent garages (IGA) and auction houses (NAMA). It suggested the inflated [...]