Premium used cars dominate demand at Aston Barclay
Out of the top 20 places in the Aston Barclay index, 19 are taken up by premium brands with just one volume brand and model, the Toyota CH-R, making its way onto this month’s list.
Used LCV market sees a return to “familiar trading patterns” in August
Performance against guide prices improved by nearly two percentage points to 97.5% over the month and year-on-year values were virtually level, with just a £10 differential between August 2021 and August 2022.
Hagerty Price Guide Update: The collectible car market is moving
The UK Hagerty Price Guide has undergone it’s 29 th update since being launched ten-years ago. Every quarter, Hagerty analysts monitor insured values, sale prices and auction results to gauge market trends and influences. UK Hagerty Price Guide Editor, John Mayhead, shares the headlines.
Top ten most reliable used cars you can buy today revealed in latest Warrantywise Reliability Index report
The Honda Jazz is listed as the most reliable used car, according to the latest figures released by Warrantywise’s annual Reliability Index today.
No crash in sight as used car prices increase 43% on pre-pandemic levels
At a more granular level, prices also rose month-on-month (MoM), increasing 0.3% from July to August. Looking back to 2011 when Auto Trader began tracking used car prices, this year’s MoM movements are consistent with typical seasonal patterns (e.g. August 2019 recorded a -0.4% decline).
Used EV stock shortage threatens to take the heat out of sales reports INDICATA
BEVs were the UK’s fastest-selling used cars in July, but a stock shortage threatens to take the heat out of the sector according to INDICATA’s latest Market Watch report.
Cars that have actually gone down in price: the 10 best value used cars to buy now revealed
The 10 best value used cars that have bucked market trends and reduced in price over the last 12 months, have been revealed.
Volkswagen Financial Services UK finances record 100,000 used cars in 2022 thanks to ‘ground-breaking’ changes
Volkswagen Financial Services UK (VWFS) is driving the nation’s renaissance with older vehicles after announcing it has financed a record 100,000 used cars so far this year.
Used car market falls despite electric boost
The ongoing shortage of semiconductors continued to impact new car market supply, with an inevitable knock-on effect on used transactions. Declines were recorded in each month, with falls in April, May and June of -16.8%, -20.9% and -18.6% respectively. As a result, the market is down -8.3% year to date on 2021, and -12.8% on pre-pandemic 2019.
Average used car prices up £4,100 on pre-pandemic levels with no slowdown in sight
The latest data from the Auto Trader Retail Price Index, which is based on daily pricing analysis of circa 900,000 vehicles, revealed that the average price of a used car was £17,173 in July, which on a like-for-like basis, is a 19.5% increase on the same period last year.
The used car market is reeling from a blow in basic economics
Ian Plummer, Auto Trader’s Commercial Director “Given the growing squeeze on consumer finances it’d be tempting to attribute Q2’s weakening used car sales on crumbling levels of demand, but in reality, the market is reeling from a blow in basic economics
Ebay predicts cost of living crisis will drive surge in demand for recycled ‘green’ car parts
The cost of living crisis will see a growing number of motorists switch to ‘green’ recycled parts to help reduce motoring bills according to eBay, the UK’s leading online marketplace for car parts and accessories.
Used car price growth softens year-on-year, but up a whopping 41.5% on pre-pandemic levels
The latest data from the Auto Trader Retail Price Index (RPI), which is based on daily pricing analysis of circa 900,000 vehicles, revealed that the average price of a used car increased 23.7% on a year-on-year (YoY) and like-for-like basis in June. Although it’s the 27 th month of consecutive YoY price growth, it marks a further softening in the
More than 80% of used car buyers are happy they got a good or great deal on their purchase despite inflated used car values
More than eight in ten (84%) of UK car buyers are satisfied they got a great or good deal on their most recent used car purchase.
Used car prices stabilise in Q1 following 35% growth in the past 12 months
The UK’s 20 most in demand used cars stabilised in price in quarter one (Q1) of 2022, according to data from used car buying platform CarGurus.
Classic Car Auctions open for summer sale consignments with entries filling up fast
Summer is on the way and Classic Car Auctions are now busy accepting entries for their next auction at The Warwickshire Event Centre on the 18th June.
Used car prices remain exceptionally strong despite slight easing in growth
According to the latest data from Auto Trader, the average price of a used car on its marketplace [1] grew 28.5% last week on a year-on-year (YoY) [2] and like-for-like basis, marking the 98 th week of consecutive price growth.
LCV values remain at near record levels but market dynamics are changing say BCA
Following on from the record value of £10,812 seen in January, February maintained the consistent run of strong values seen throughout recent months, averaging £10,441 – the second highest monthly value ever recorded. Values averaged 101.2% of guide price across the board during February.
Volkswagen Group UK extends defleet contract with Manheim until 2026
Volkswagen Financial Services UK (VWFS UK) has extended its defleet relationship with Manheim for another five years, takVolkswagen Group UK has selected Manheim Vehicle Services to provide Defleet services for a five-year term, taking the partnership between the two companies up until December 2026.
Innovation Automotive confirms industry leading logistics partnership with BCA
Innovation Automotive, the UK’s first multi-brand electric vehicle company, has confirmed BCA as its national logistics partner.
BCA and West Way Nissan announce new 12-month remarketing agreement
BCA and West Way Nissan have announced a new 12-month remarketing agreement offering up to 100 vehicles a week. West Way vehicles will be sold online via BCA Online and the BCA Buyer app, with the majority of vehicles based at BCA’s Brighouse facility.
UK’s most popular used cars skyrocketed in value over the last year
CarGurus data has revealed the UK’s 20 most in demand used cars have appreciated at historic levels in the last 12 months – experiencing an average price increase of 26.3%.
Used car market grows in 2021 as consumer demand remains buoyant
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021, 777,997 more than in 2020. Despite the increase, the 2021 market was still -5.5% below the pre-pandemic five-year average.
Used car market up despite volatile year
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). 777,997 more cars changed hands than in 2020, a year which was even more badly affected by Covid lockdowns and unsettled consumer and business confidence. Despite this growth,
Suzuki launches its new Approved Used Car Programme
Suzuki GB PLC is very pleased to announce the launch of its new and updated Approved Used Car Programme which provides a more structured and clearer process in helping customers find their car of choice. The new programme will also provide more used car availability across its dealer network as well as helping maintain the best customer service and