residual values
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Used Cars 29 MarDip in value of older used cars could be ‘pre-cursor’ for wider market decline
Declining values among older, more affordable used cars could be an indicator that the market is set to dip after March delivered another decrease in average vehicle prices, according to Cap HPI.
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Used Cars 20 MarPrice growth accelerates to 2.3% in used car market showing ‘robust health’
Used car price growth accelerated to 2.3% year-on-year in a market that Auto Trader has asserted is in “robust health”.
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Used Cars 15 MarDealers continue to feel EV price drop pain as affordability improves
Used electric vehicle (EV) values have continued to decline as falling values dent dealer confidence but boost affordability for car buyers looking to make the zero emissions transition, Cap HPI has said.
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Used Cars 8 MarTesla risks rocky residual values further with more EV price cuts
Tesla has risked further hit to used car residual values and increases to monthly finance payments with further price cuts to certain models in its electric vehicle (EV) line up.
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Used Cars 31 JanRetailers impose used EV stocking ban as values slump
A festive rush to stock petrol and diesel cars triggered 25% sales growth at UK auctions as consumers cooled on the idea of buying a pre-owned electric vehicle (EV).
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Manufacturer 13 JanTesla price cuts crank-up used values pressure and trigger 'ill-feeling' among customers
Tesla has triggered "ill-feeling" among customers and cranked-up pressure on residual values with the decision to slash its elelctric vehicle (EV) prices across the US and Europe.
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Market Insight 29 NovKnowledge of EV sector’s ‘black cars’ could protect against value slump
Car retailers will need to brush up their knowledge of car manufacturers’ advances in electric vehicle (EV) battery technology advances to avoid a slump in value set to impact so-called ‘black cars’.
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Market Insight 20 DecXmas LCV demand drives used prices upwards
Used LCV values rose during November at BCA as demand grew steadily for vehicles to service the online and home delivery sector in the run-up to Christmas.
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Manufacturer 1 JunToyota/Lexus launches 10-year warranty through service-activated Relax scheme
Toyota and Lexus will drive franchisees' aftersales customer retention by extending the warranty on its cars to 10 years and 100,000 miles through its new service-activated Relax scheme.
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Market Insight 1 Apr
Used car values reach ‘tipping point’ ahead of post-lockdown showroom opening
Used car values have reached a “tipping point” with prices rising for the first time in five months as an easing of COVID-19 ‘Lockdown 3’ retail restrictions draw nearer, says Cap HPI.
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People News 30 NovCap HPI head of forecast Andrew Mee retires
Cap HPI has said that the leadership of its UK car valuations team will remain “in exclennt hands” following the retirement of its head of forecast, Andrew Mee.
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Used Cars 2 OctUsed car prices see record 7.6% increase in September, says Auto Trader
Average retail used car prices on Auto Trader recorded the largest ever monthly price increase in September - increasing by 7.6% to £13,829.
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Supplier News 29 SepCOVID-19 and Brexit make long-term planning 'almost impossible', says VRA
The combined challenges of the coronavirus pandemic and Brexit are making long-term planning almost impossible in the remarketing sector.
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Used Cars 19 AugUK used car prices see 15 weeks of growth, says Auto Trader
Strong growth in average used car prices has continued into August based on data from the 12,500 retailers currently advertising on Auto Trader.
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Market Insight 15 JunUsed car prices are not racing to the bottom, says Cazana
Cazana, the vehicle data company, has confirmed that used car pricing has not raced to the bottom during lockdown.
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Used Cars 26 May
Car dealers urged to ‘hold their nerve’ in volatile period for used values
Car retailers have been urged to “hold their nerve” and not rush to liquidate stock ahead of an anticipated rise in sales demand following June 1’s re-opening of car showrooms across the UK.
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Used Cars 13 MayAgeing stock drives European used car retailers’ COVID-19 lockdown losses
Aging stock has been cited as the “main driver” of £1.6 billion losses incurred by Europe’s used car retail sector between the start of the COVID-19 coronavrius lockdown and mid-April.
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Used Cars 12 MayUsed car market’s solid growth ‘wiped-out’ by COVID-19, SMMT reveals
The UK's used car market contracted by 8.3% in the first quarter of 2020 following a COVID-19 coronavirus lockdown-prompted 30.7% decline in March sales, SMMT data has revealed.
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Used Cars 27 NovEV demand drives used value increase, says CarGurus
Used electric vehicles (EV) like the Renault Zoe and BMW i3 are appreciating in value after car buyers "turned a corner" in their attitude to adoption, according to CarGurus.
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Manufacturer 26 NovRenault stop battery lease on new Zoe due to strong residuals
Renault has stopped offering the new Zoe with a battery lease option after the car was awarded class-leading residual values by Cap.
