Demand for used diesel vehicles has remained strong in March with SUVs leading the charge, according to Cap HPI.
Values of used cars have continued to strengthen in February, according to Cap HPI’s Black Book Live.
Used values of petrol cars continue to be strong but demand for electric cars has grown, says Cap HPI.
Analysts from Cap HPI have briefed staff from the Bank of England on the current condition of the UK new and used car markets.
Demand for used cars throughout September has underpinned a stronger than normal market, with overall price reductions at three years 60,000 miles of only 0.2%, says Cap HPI.
Pressure from pre-registrations and continued new car offers pushed used values down by 1.4% in April, according to CAP HPI.
Convertibles and city cars outperformed the market by increasing their value in a used car climate of decreased margins but “healthy demand”, Cap HPI has reported.
A predicted seasonal decline in used cars sales has seen average values drop by 1.8%, according to CAP’s Black Book.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues