Retailers are being urged to strategically use data to avoid unnecessary price corrections as the used car market is proving resilient, with electric vehicles (EV) taking the lead in both demand and sales pace.
The used car market entered the last quarter in excellent health, according to the latest data from Auto Trader's Retail Price Index, with average used car prices showing resilience against typical seasonal trends.
In September, the average price of a used car was £16,450, marking an 8.4% year-on-year (YoY) decrease and a marginal 0.3% month-on-month (MoM) decline, outperforming the usual seasonal dip of 0.6% for September.
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Author:
Aimee Turner
Deputy editor
AM deputy editor Aimée Turner has been a specialist B2B editor and journalist covering the international transportation sector for more than 20 years.
She has specialised in the significant safety, regulatory, and environmental issues that impact advanced technology businesses in the pursuit of more efficient, safer and sustainable transportation modes.
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