The UK’s used car market has seen the joint fourth strongest performance on record, according to the latest data from Cap HPI.
More than a third (36%) of drivers admit they haven’t checked whether their car has been involved in a previous accident.
The UK’s wholesale car market has performed strongly in January with promising signs in retail demand and search activity too, according to NAMA.
Aston Barclay auction facility in Leeds is to permanently close, with all commercial vehicle sales relocating to Donington Park.
Steven Eagell has renewed its exclusive remarketing partnership with BCA for around 8,000 units a year until 2028.
BCA has already broken its sales record for electric vehicles with nearly 1,000 units sold in the first full week of trading in January.
Mercedes-Benz GLB Class was the hottest used car of 2024, selling in just an average 16 days with the German brand also securing the second spot with the A Class selling in an average of 16.5 days, according to online marketplace Auto Trader.
Research from Startline Motor Finance reveals that rising staff costs are the greatest concern for UK car dealers in 2025, with 40% of dealers identifying this as the factor most likely to negatively affect their business.
The used car market is stable with only a slight decline in January so far and Cap HPI is expecting strengthening in the coming weeks.
Ford Fiesta’s legacy as the most popular car in the UK has seen it top the ‘most listed’ used car at Carwow auctions for second consecutive year.
The ability to build a good deal for customers would sway nearly half of motorists to make a used car purchase this year, according to new research.
The Ford Kuga topped Dealer Auction’s Retail Margin Monitor for profit opportunity in 2024 and the BMW brand has been highlighted as one to watch for 2025.
Used car prices are predicted to rise due to a significant shortfall in vehicle stock as market dynamics shaped by the pandemic conitnue to reverberate, according to Autorola.
The average price of a used car in December 2024 was £16,649, a slight decline of 0.6% month-on-month (MoM) compared to November, according to the latest data from the Auto Trader Retail Price Index (RPI).
Online car marketplace Carwow forecasts a robust start to 2025, driven by high consumer demand for used cars.
The used car market remained steady in November, with average values at £7,345 across the board at auctio house BCA.
Customers take on average 87 days before deciding, making early engagement with potential buyers essential for driving January sales.
Car supermarkets ramped up their efforts to boost profitability in November by increasing their inventory levels and prioritising younger vehicles, according to Motors’s Market View.
Plunging residual values in the electric vehicle (EV) market are creating substantial financial challenges for leasing companies, manufacturers, and customers alike, according to Auto Data Solutions (ADS) which is warning of a prolonged impact on the sector.
AM100 dealer group TC Harrison has entered into a three-year exclusive remarketing agreement with BCA which will see approximately 2,000 vehicles remarketed online annually through the auction house’s digital platforms.
Tesla is exploring steps it could take to support the used EV market no matter whether it's an independent, franchised dealer or its own dealerships that are stocking its cars.
The UK used car market is projected to see only modest growth in the coming years, with transactions expected to rise to just under 7.9 million by 2027.
Drivers are increasingly prioritising data security when selecting garages for servicing and repairs, according to the findings of a new survey from Digidentity.
The UK car market is expected to hit its peak in terms of petrol vehicle numbers in 2024 although the industry continues to grapple with the the post-pandemic shortage of nearly 3 million cars not sold during that period, stricter Zero Emission Vehicle (ZEV) targets, rising competition from new brands and models - all at a time of lacklustre appetite for electric vehicles (EV).
Manheim Auction Services celebrated the highly successful launch of its new Gloucester specialist auction site in October 2024, setting new records in the process.
