Average used car values reached record levels for the second month running in August according to BCA's latest Pulse report.
Financial Conduct Authority guidelines and new customer rights legislaton could force dealers to pass on higher prices to customers.
The top 10 used car sold in July is dominated by Ford and Vauxhall with the Astra proving more popular than the Corsa for this first time this quarter.
Part-exchange vehicle values remained stable over the summer, reflecting confident consumer behaviour and a healthy trading period for motor dealers.
NAMA's monthly auction report for July shows that during July the average value of used cars sold at auction across the board increased 4% from £5,381 to £5,595, a 14% increase versus July 2013 and reflective of the higher proportion of younger cars now in the mix.
Reductions in average trade values for all used car sectors will range from zero to between one and two percentage points by October, according to the latest short term forecast from CAP Black Book Plus.
Average used car values reached a record high in July according to BCA’s latest Pulse report.
Motors.co.uk has launched a promotional tool which directs website visitors to recently reduced cars advertised by dealers, increasing visibility and engagement with stock that dealers typically find difficult to move.
More economical and greener electric and hybrid vehicles are becoming more popular in the used car market.
Current sales volumes of new cars in the UK are unsustainable and are a potential threat to the used car market, according to valuation specialist Glass's.
Confidence has grown among independent used car retailers, after June saw the best sales growth since the start of the year, says CAP.
Ford has re-launched its approved used car programme with new customer benefits including a 160-point quality verification, including full service history, check for mileage accuracy and outstanding finance.
The reasons behind the renewed market optimism reported by used car traders.
The NFDA (National Franchised Dealers Association) has launched a new set of standards designed to champion the high levels of service and care associated with the franchised dealer used car offering.
Seat UK dealers will be using Autorola UK as its online remarketing partner.
Gumtree Motors believes it can compete with Auto Trader and has signed up its 1,000th dealer to upload used car stock to its online classifieds platform.
Average part-exchange stock sold at auction increased by 12.7%, up £346 in May, according to Manheim’s latest market analysis.
The Retail Automotive Alliance (RAA), which represents 22 dealer group partners, has appointed Autorola as its online remarketing partner after a recent six month pilot sold over £5 million of used cars.
Just over half (51%) of all used cars listed by dealers on Auto Trader are more than 5% above or below market value which is halving lead generation, according to the company.
Commercial vehicle buyers are purchasing more car-derived vans (CDVs) and small panel vans, due to a chronic lack of larger panel vans (over 3.5t) in the market, according to the latest market analysis from Manheim.
Independent used car dealer Carbase has doubled the distance it can attract customers online after committing its cars in stock to an 82-point check and set of nationwide standards.
Three out of five Northern car owners are more likely to opt for a nearly-new car than other regions, according to results from BCA’s latest used car report.
Tom Hartley Jnr has launched his own high-end luxury and classic used car business at a site in Derbyshire.
Increased trade buying activity during the latter part of May signalled underlying strength in the used car market, according to CAP.
Used car dealers operating at a national level need to reflect wide regional differences across the UK used car market, according to BCA’s latest report.
