used car values
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Market Insight 7 JulCar dealers' swift transition to 'new normal' delivers steady recovery
Following a swift transition by car retailers from the COVID-19 lockdown to “the new normal” new car registrations got back on track for UK businesses in June.
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Used Cars 26 JunPost-lockdown trading delivers first June used car values rise since 2009
June delivered its first rise in used car values since 2009 in a two-tier post-lockdown market defined by increased demand for older, cheaper vehicles, according to Cap HPI.
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Supplier News 17 JunMotorway celebrates record £1.39m used cars sales in a single day
Motorway has celebrated its delivery of record volumes of used car stock to the UK’s motor retailers post-lockdown – with £1.39m of sales completed in a single day last week.
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Market Insight 8 JunCOVID-19 to cause negative ripple effect on used car values, says ASI
Large numbers of de-fleeted vehicles, postponed PCP returns and terminated PCP agreements caused by Covid-19 will cause a negative ripple effect on car values, according to Automotive Services International (ASI).
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Used Cars 15 May
Used car values ‘need to be adjusted’ amid growing sales, says Cap HPI
Growing volumes of COVID-19 coronavirus lockdown used car sales have prompted Cap HPI to admit that the time is right for recommence valuation changes – and initial sales suggest a 2% to 5% decline.
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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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Supplier News 12 MayCox Automotive re-starts Manheim used car auction operations
Cox Automotive has re-started Manheim's car auction operations via its online sales platform following “weeks of careful planning and implementation of the necessary safety measures”.
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Market Insight 29 AprGermany and Austria indicate ‘no strong signs’ of used car market bounce back
The easing of car retail COVID-19 coronavirus lockdown restrictions in Austria and Germany have delivered ‘no strong signs’ of a used car market bounce back, according to Indicata.
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Market Insight 29 Apr
Up to 60% of used car dealers are making weekly price alterations
Following clarification on car dealers ability to trade in the COVID-19 coronavirus lockdown Cazana's director of insight, Rupert Pontin, asks whether 2020 used car demand could actually be higher than 2019.
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Opinion 28 AprShaping the future: a COVID-19 used car pricing challenge, opinion
In the life of every war correspondent that I have read about, from Marie Colvin to John Simpson, there has always come a time when they could no longer simply observe and report the tragedies unfolding around them, but were driven to participate and to influence what they were watching.
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Used Cars 27 AprOver 3,500 vehicles sold into used car market in April, says Cap HPI
Trade and wholesale car sales delivered 3,500 vehicles into the used car market during April’s COVID-19 coronavirus lockdown automotive retail sector, according to Cap HPI.
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Used Cars 24 AprPetrol values show signs of wobbling in early 2020 used car market
While used car performance helped to deliver stable levels of profit and volume in 2019 there have been some signs of an early wobble in 2020 with pressure on petrol values in particular.
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Opinion 23 AprLooking beyond lockdown to anticipate May/June car sales 'bounce', opinion
The automotive industry is starting to look beyond the end of lockdown and weigh-up what the short and medium-term impacts of the COVID-19 coronavirus crisis will be.
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Opinion 20 Apr
Post-coronavirus car sales and the future of vehicle retailing, opinion
Car retailers must be ready for the challenge of stocking and selling cars while respecting consumer concerns and observing Government legislation after the COVID-19 coronavirus lockdown.
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Used Cars 16 AprDemand for sub-£10,000 used cars to continue after COVID-19 lockdown
The high-demand for sub-£10,000 used cars seen in Q1 is expected to continue when the COVID-19 coronavirus lockdown is lifted, according to Aston Barclay.
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Used Cars 14 Apr
Used car price changes continue as lockdown shoppers head online
Used car values have continued to fluctuate online despite calls from Cap HPI and Auto Trader to maintain a stable market through the postponement of changes amid the COVID-19 coronavirus lockdown.
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Market Insight 8 AprUsed car dealers must ‘resist temptation to reduce prices’, says Auto Trader
Auto Trader has urged used car dealers to resist the temptation to reduce the values of their vehicles to retain hope that the market will “pick up where we left off” after the COVID-19 coronavirus crisis.
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Opinion 6 Apr
Nothing suggests a coronavirus-prompted used car values crash, guest opinion
There is nothing in the current trade or retail data to suggest that used car values will crash due to the COVID-19 coronavirus lockdown period.
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Supplier News 1 AprAuto Trader launches AT Market Insight data tool
Auto Trader has launched a new AT Market Insight data tool which claims to utilise “up-to-date” information from the car retail sector to deliver an accurate appraisal of market conditions.
