used car values
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Used Cars 17 SepOne-in-10 nearly new used cars now more expensive than brand new models
More than one-in-10 nearly new used cars are now more expensive than their brand new equivalents as limited supplies and soaring demand delivered an 18.6% year-on-year rise in values.
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Used Cars 24 AugStudy reveals the ‘best’ and ‘worst’ cities to purchase a used car
New research by Moneybarn has revealed the 'best' and 'worst' cities in the UK to purchase a used car.
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Market Insight 20 Aug
New car delays could prompt 74% buyers into used, despite record prices
Record used car prices are not deterring new car buyers from switching into a used alternative to avoid the lengthy lead times triggered by supply shortages, according to Auto Trader.
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Market Insight 19 AugUsed car sales surge as dealers see ‘consistent level of footfall’
Used car sales surged by 19.4% last week as strengthening consumer confidence delivered strong online leads and “a consistent level of footfall at retailer showrooms”, according Cazana.
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Used Cars 12 Aug
Used vehicles continued to achieve record prices at auction in July
The average selling price of a used van has remained above £10,000 for the second consecutive month, at Manheim auctions.
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Market Insight 11 AugEU trade agreement and consumer habits shift could stall Q4
Cox Automotive has warned car retailers to brace themselves for a tough September and Q4 as the new EU trade agreement, a logistics “wages war” and evolving consumer habits present further uncertainty.
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Market Insight 10 AugUsed car sales rose 108.6% to record levels in Q2
Used car sales rose 351.4% to a near record 2.17 million sales during Q2 of 2021 as new vehicle supply shortages drove increasing volumes of motorists into pre-owned models.
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Used Cars 6 AugAverage used car price rose 14.1% in July, reports Auto Trader
Car buyers have been faced with a 14.1% increase in the price of the average car advertised on Auto Trader during July.
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Market Insight 28 Jul
Post-Euros period delivers 28.8% used car sales boost for dealers, data shows
Used car buyers who paused their purchase to focus their attention on England’s route through the European football championships may have triggered a 26.8% boost to retail sales last week.
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Used Cars 22 JulConsumer demand drives 12.6% increase in used car values on Auto Trader
Strong levels of consumer demand in the market is continuing to drive used car price growth on Auto Trader, according to its latest data.
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Market Insight 20 JulSupply-constrained Q3 prompts Cox to downgrade car registrations forecast
Cox Automotive has downgraded its 2021 new car registrations forecast by 2.48% amid expectations that vehicle supply issues will leave Q3 deliveries down 17.7% on the 10-year average.
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Used Cars 7 JulUsed car supermarkets cut prices to speed-up sales in June
Used car supermarkets sold vehicles almost twice as fast as their independent counterparts as they cut retail prices to drive sales in June.
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Used Cars 6 JulRetail price of used cars leapt 11.1% in June, says Auto Trader
An 11.1% June uptick in used car prices on Auto Trader suggests that dealers have been making efforts to realign their advertising to accommodate recent months’ wholesale price surge.
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Used Cars 30 JunBCA questions ‘sensationalist’ used car market coverage
BCA has questioned “sensationalist” media coverage of used car price growth, arguing that wholesale values have only seen subtle changes.
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Car Dealer News 28 JunMarshall continues to evolve after CEO's ‘special’ start to 2021
Marshall Motor Group chief executive Daksh Gupta has given an insight into how the AM100 PLC will continue to adapt to the changing car retail market after a “pretty special” start to 2021.
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Market Insight 23 Jun
Used car dealers urged to remember ‘buyers dictate retail pricing’
Used car dealers have been urged to remember that consumers ultimately dictate the price a car can be sold at as wholesale values continue to place pressure on stocking levels.
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Market Insight 18 JunNew car supply chain issues will not be resolved until 2022
Car retailers will be locked into a strategy of “retaining profit margins at all cost” as vehicle supply issues continue into 2022, according to Cox Automotive.
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Used Cars 18 JunMay used car sales volumes 14% up on 2019, says Auto Trader
May’s used car sales volumes were 14% ahead of the same period in the pre-COVID trading period of 2019, according to data from Auto Trader.
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Used Cars 17 Jun
Used car stocking crisis? ‘control supply, control the market’
Franchised car retailers and their manufacturer partners have been warned that they are at risk of losing the battle for the used car market as emerging online disruptors assert dominance in stock acquisition.
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Supplier News 16 JunThe SUV is June’s most desirable used car, according to Aston Barclay
Aston Barclay has released its June used car desirability index with SUVs remaining the most in demand used car with UK buyers.
