used car values
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Used Cars 23 JanTesla searches surge as used car prices reach record high on Auto Trader
The average price of a used car advertised for sale on Auto Traders has reached a new record high after car retailers started the new year with “real momentum”, it has been claimed.
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Used Cars 17 JanFurther ‘significant reductions’ in used EV prices to come, says Cap HPI
Cap HPI has warned that further ‘significant reductions’ in used electric vehicle (EV) prices are expected after Tesla’s Model 3 lost a quarter of its value in less than four months.
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Used Cars 17 JanRecord festive trading at BCA gave used car buyers ‘a good head start’
Record trading between Christmas and the start of the new year demonstrated that car retailers were keen to get a “good head start” for strong January trading, according to BCA.
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Used Cars 17 JanLand Rover dominates Dealer Auction’s 2023 used car margin rankings
Land Rover has dominated Dealer Auction’s 2023 used car margin rankings, accounting for 40% of the top 10 models offering the strong profit opportunities to retailers.
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Market Insight 17 JanThird of dealers predict used car values will slump 10% in 2023
A third of car dealers predict that used car values will slump by around 10% as the cost-of-living crisis impacts consumer confidence to deliver ‘more difficult’ trading conditions in 2023.
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Market Insight 16 JanUsed EV nerves intensify as values decline four times faster than diesel
Stock starved car retailers are avoiding used electric vehicles (EV) as zero-emission vehicles continue to decline four times faster than their diesel-powered equivalents.
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Used Cars 6 Jan
Used car prices rose for 33rd consecutive month in December
The average price of a used vehicle advertised for sale on Auto Trader rose for the 33rd consecutive month in December – reaching £18,030.
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Market Insight 22 DecLand Rover and Jeep models deliver highest margins in November
Used Land Rover and Jeep models delivered the biggest margins for dealers in November, according to Dealer Auction.
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Used Cars 19 DecAuto Trader expects used car values rise in early 2023
Auto Trader expects used car values to rise in early 2023 after remaining flat in the traditionally weak festive trading period.
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Used car 14 DecRetailers navigate mistrust and short supply to fine-tune used car stocking strategies
The continued shortage of new vehicles and demand for used ones has left car dealerships with a dilemma.
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Market Insight 13 DecEV market falters as cost-of-living crisis bites, Auto Trader report finds
Auto Trader has raised concerns that the electric vehicle (EV) market is faltering after the cost-of-living crisis sparked the first post-pandemic decline in demand for zero-emission transport.
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Used Cars 5 DecUsed car retailers alerted to ‘risks around affordability’ as prices continue to rise
Used car retailers were urged to be aware of the “risks around affordability” as motorists seek out older, more affordable cars to mitigate against the continued rise in values.
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Used Cars 1 DecUsed car values remain 45% above pre-pandemic norm on Auto Trader
Used car values declined 0.4% month-on-month but remained 45% ahead of pre-pandemic “norm” during November, according to the latest data from Auto Trader.
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Used Cars 21 NovUsed car values climb another 5.1% on Auto Trader despite cost-of-living crisis
Motorists’ continued appetite for car buying has delivered another 5.1% increase in the value of the average used vehicle advertised for sale on Auto Trader.
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Used Cars 15 NovTesla Model 3 values decline as cost-of-living crisis dents used EVs' appeal
Used versions of Tesla’s Model 3 electric vehicle (EV) have lost around £5,000 in value in two months as the supply and demand balance of zero-emissions cars puts pre-owned prices to the test.
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Used Cars 4 Nov
Fourth consecutive month of used car price increases on Auto Trader
The average retail price of used cars advertised for sale via Auto Trader rose for a fourth consecutive month during October – rising £178 on September and a £548 on August to reach £17,587.
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Used Cars 2 Nov
Used car values rose for third consecutive month during October
Used car values rose by an average of 2% on eBay Motors Group’s online marketplace as the market’s balance of consumer demand and limited supply continued to defy the UK’s economic gloom.
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Used Cars 19 OctBCA’s wholesale used car values grew 2.9% in September
BCA has said that used vehicle process will “remain very robust for some time to come” after wholesale used car values rose 2.9% to £9,197 in September.
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Used Cars 17 OctCost-of-living pressures leave EVs as September’s slowest selling cars
Consumers are shying away from expensive used electric vehicles (EV) amid escalating cost-of-living pressures, according to used car stock management and marketing specialist Indicata.
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Market Insight 12 Oct‘High demand’ for petrol and diesel cars drives buoyant used market
‘High demand’ for petrol and diesel vehicles is continuing to drive the strength of the used car market, according to Cap HPI’s Derren Martin.
