The used car market demonstrated remarkable stability in June with average values dropping just 0.1%, or £25, for vehicles three years old with 60,000 miles.
May saw a notable 16% increase in trade-to-trade listings of EVs and hybrids on Dealer Auction, indicating a buoyant late spring market for Alternatively Fuelled Vehicles (AFVs).
Used car sales continued to soar in the first three months of 2024 with more stock than ever hitting the market due to sales of new cars picking up.
Motorpoint Group has seen an improvement in performance for Q4 2023 and in Q1 following what it described as "difficult conditions" last year.
March saw heartening signs of retail prices continuing to stabilise as movements adopted more usual seasonal patterns.
Nearly half (48%) of those looking to buy a used car reckon visiting an established bricks-and-mortar seller provides them with added reassurance
Sales of sub-two-year-old EVs recorded their highest ever market share of 11.2% in February, according to Indicata
Dynamics in the used market are set to rival the complexity of the pandemic era, according to Cox Automotive’s four-year market forecast.
OEMs and franchised dealers face a daunting task to deliver sales mix and volume expectations in the new car market as many private buyers find young used cars much more attractive thanks to recent price drops, according to Vertu Motors, one of the biggest motor retailers in the AM100.
