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Average used prices on the rise again
- 21/03/2023
- Posted by: Alan Feldberg
- Category: News
The average retail price of a used car in March was up 2.3% to £17,720 in March. According to AutoTrader, this is up from the 1.3% year-on-year increase recorded in February, and marks the first acceleration in the rate of growth in 10 months. March’s level is also up 0.7% on February’s average prices, [...] -
Used car sales accelerating
- 17/03/2023
- Posted by: Alan Feldberg
- Category: News
Auto Data has announced that used cars took a record average of just 23 days sell in February. It’s five days faster than the same period last year and six days faster than pre-pandemic February 2019. Whilst the broader retail market, including independent retailers, saw a slightly longer average at 25 days, [...] -
Used car prices still rising
- 10/03/2023
- Posted by: Alan Feldberg
- Category: News
The strong start to 2023 in the used car sector continued in February as average values rose for the second month running. Values averaged £8,540 at BCA, up by £140 or 1.7% compared to January 2023, as sold volumes increased for the second month running. While average values continue to climb, the rate has [...] -
Used car prices rise for 35th straight month
- 08/03/2023
- Posted by: Alan Feldberg
- Category: News
The average retail value of a used car was £17,654 in February, according to Auto Trader, which represents a 1.3% increase on a year-on-year (YoY) and a like-for-like basis. While down on last year’s record highs, the 35th month of consecutive growth builds on the 32% YoY growth recorded in February 2022 and [...] -
Used car prices still trending upwards
- 20/02/2023
- Posted by: Alan Feldberg
- Category: News
The average price of used cars rose 1.7% year-on-year to £17,880, according to Auto Trader’s Retail Price Index. Although the rate of growth is down significantly from a peak of 32% in April 2022, this current rate is on top of the massive 31.9% increase recorded this time last year. It also marks a [...] -
Uses car values rise despite EV volatility
- 17/02/2023
- Posted by: Alan Feldberg
- Category: News
Used car values at BCA saw a modest uplift in January 2023, with improved demand driving a 1.6% increase. Values averaged £8,400 in January, which is up by £135 compared to December 2022. However, the used EV market remained volatile, although the uplift in general demand combined with a significant pricing [...] -
EVs rise in falling market
- 10/02/2023
- Posted by: Alan Feldberg
- Category: News
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 Traders, 71,071 used battery electric vehicles were sold in 2022, a rise of 37.5% on the previous year. Sales of hybrid electric vehicles [...] -
New car buyers driven in droves to used market
- 10/02/2023
- Posted by: Alan Feldberg
- Category: News
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 car at all. The research by What Car? also found that many drivers have also started carrying out basic servicing and maintenance [...] -
Buyers doubtful of approved-used programmes
- 31/01/2023
- Posted by: Alan Feldberg
- Category: News
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 new research by What Car?, based on feedback from 812 in-market buyers, 48.5% said they do not believe manufacturers or dealers which advertise [...] -
Used car demand remains robust
- 24/01/2023
- Posted by: Alan Feldberg
- Category: News
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 month, down by £212 or 2.5% compared to November. Meanwhile, there continued to be particular pressure in the used EV [...]