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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 [...] -
Auto Trader reports healthy January demand
- 24/01/2023
- Posted by: Alan Feldberg
- Category: News
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 of a used car is £18,268, which is the highest value the Index has recorded since its launch in January 2011. It marks a 2.8% year-on-year [...] -
Demand cools for used cars
- 20/01/2023
- Posted by: Alan Feldberg
- Category: News
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 most searched-for cars on the AA Cars platform rose by just 0.2% in the last quarter of 2022, compared to a 9.2% increase in the previous quarter. As [...] -
Used car market remains robust into 2023
- 09/01/2023
- Posted by: Alan Feldberg
- Category: News
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 Index found that the average retail price of a used car was £18,030 in December, marking a 3.1% year-on-year (YoY) increase on a like-for [...] -
Manufacturer-refurbished programmes on the cards
- 23/12/2022
- Posted by: Alan Feldberg
- Category: News
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 models with new components to give them a new lease of [...] -
Used car prices remain robust
- 20/12/2022
- Posted by: Alan Feldberg
- Category: News
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 in April 2022, the rate of price growth has softened over consecutive months – falling 0.1% from November to December. [...] -
BCA reports softening of used car prices
- 20/12/2022
- Posted by: Alan Feldberg
- Category: News
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 conversion rates rose again, averaging over 80% in November. While average selling price has fallen for two [...] -
SMR risks rise as car parc ages
- 19/12/2022
- Posted by: Alan Feldberg
- Category: News
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. According to Prestige Fleet Servicing, the UK’s average vehicle age is projected to increase from 7.9 to 9.7 [...]