Cap HPI has revealed the scale of the used car it processes is set to reach record levels in 2018, with 68,000 unique model derivatives now on the market.
Used car prices fell by 3.5% as conversion rates declined during November, according to The National Association of Motor Auctions’ (NAMA) monthly car auction data.
Used car prices at BCA auctions rose to a record high for the third month in a row following a marginal 0.4% increase during November.
Cap HPI has acted on its predictions that automotive will be transformed by data usage over the next five years by driving new innovations from its newly-launched Innovation Hub.
An increase in wholesale stock availability and slowing demand has resulted in a seasonal used car price slump in November, according to industry data analysts Cap HPI.
BCA’s has seen used car prices rise to a new record high in October, with values rising 2.7% to £9,364.
The average price of a used car increased 6% year-on-year in October, according to data published by Auto Trader.
Manheim’s average used car price rose by 16% in September as Cox Automotive’s wholesale and retail businesses ride a wave of “higher quality and of lower mileage” stock.
Used car prices rose to their highest ever monthly average price at BCA-operated sales during September – reaching £9,117.
Used car prices increased by 5% as diesel vehicle prices rose 2% in September, according to the latest data from the Auto Trader Retail Price Index.
Diesel remains “the right fuel choice for a significant number of drivers” with recovering used car prices suggesting that consumers are starting to make their own judgements of the fuel, according to Cap HPI.
Average used car selling prices saw a 7.5% increase at auction in August as retailers looked to fill their forecourts for September, the National Association of Motor Auctions (NAMA) has revealed.
Autorola Group has launched its Indicata business intelligence and insight software platform for used vehicle management in the UK.
BCA's monthly Pulse report stated that there were "no surprises" during JUne as the average price of a used car fell by just 0.74%.
New data from CarGurus has highlighted Liverpool as the cheapest place to buy a used car as it created a ranking of the most affordable and most expensive cities across the UK.
An all-electric car made the top ten of Auto Trader’s fastest selling used cars for the first time as the Vauxhall Zafira topped the charts for January.
Average values stalled in November as rising volumes of cars put pressure on lower quality stock, creating “a two-tier market as volumes climb”, according to the latest BCA Pulse report.
Cap HPI is urging dealers keep a careful eye on stock turn as research shows pressure on margins over a 12 week period.
The final print edition of Glass’s Guide will come off the presses next month after 83 years and 925 issues of continuous publication interrupted only by the Second World War.
CAP Automotive is increasing the amount of data is uses to determine used retail pricing as part of an overhaul of its services.
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 7 2019
Where: Birmingham NEC
Find out what features are in this month's, and future, issues