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.
Twelve Big Motoring World locations have joined the Motor Ombudsman’s codes of practice for vehicle sales and servicing.
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.
As the remarketing sector faces a period of profound transformation, the insights shared at the Vehicle Remarketing Association’s Automotive Summit focussed on the need for agility, data-driven decision-making, and forward-thinking strategies.
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).
Harwoods Group has launched a premium used car service, Harwoods Assured, aimed at providing customers with top-quality pre-owned vehicles from trusted global brands.
Manheim Auction Services celebrated the highly successful launch of its new Gloucester specialist auction site in October 2024, setting new records in the process.
Auction house BCA achieved record-breaking used car sales volumes in October 2024, building on September’s strong performance.
Dealers have largely welcomed a range of measures from last week’s Budget, viewing them as beneficial for the used car market.
The used car market in the UK is set to close 2024 on a high note, with strong demand and stabilising prices, according to Auto Trader’s Retail Price Index.
New research from AA Cars reveals that 25% of UK drivers have bought a car online without seeing it in person, up from 21% last year.
Hendy Group has launched "Hendy Buy Any Car," a car-buying service aimed at providing a straightforward, user-friendly platform for people across southern England to sell their used vehicles at a fair market value.
The used car market has experienced remarkable growth over the past year, with the latest data from Marketcheck showing a 21% rise in listings since September 2023.
