While Auto Trader's Retail Price Index data reveals a slight softening in the growth of used car retail values this month, the used car buyer is still facing price rises the longer they wait.
Auto Trader is showcasing 1,500 of the top automotive retailers on its marketplace in the UK with its new Highly Rated 2023 initiative.
Finance penetration rates for new and used car funding is slowing, but increasing APRs are having limited impact on engagement according to new research from Auto Trader.
Average used car prices increased by 3.2% in June to £17,756, rising at the fastest rate in eight months, according to the latest data from Auto Trader.
Auto Trader's Retail Price Index has shown that the average retail value of used cars has increased by 3.5% compared to last year's levels, which were already 24% higher than in 2021.
Dealer Auction has revealed the fastest selling models in its top 10 profit achievers for May.
From a vote of 220,000 car owners the Kia EV6 has been crowned the UK’s New Car of the Year 2023 in the seventh annual Auto Trader New Car Awards.
Auto Trader saw its pre-tax profits drop by 2% to £293.6m for its full year results, but posted an increase in revenues and operating profits across the core business.
Automotive retailers that are investing in digital services to offer a seamless customer journey online and in the showroom are reporting higher sales volumes, according to Auto Trader.
Over 1,000 automotive professionals from 100 businesses have now achieved Carbon Literate status to help achieve their wider sustainability objectives.
Used retail prices have increased by 3.6% year-on-year on a like-for-like basis, according to Auto Trader’s latest data.
Auto Trader has called for incentives and tax breaks to make electric vehicles (EV) more affordable and put the UK Government’s plan to ban pure petrol and diesel vehicles by 2030 “back on track”.
The under-pricing of used car stock cost UK car dealers £25.5 million in missed retail opportunity in March alone as average values continued to rise, Auto Trader data shows.
Used car price growth accelerated to 2.3% year-on-year in a market that Auto Trader has asserted is in “robust health”.
Used electric vehicle (EV) values have continued to decline as falling values dent dealer confidence but boost affordability for car buyers looking to make the zero emissions transition, Cap HPI has said.
Auto Trader has diagnosed the used car retail sector with “robust health” after reporting a 0.7% rise in the average value of a vehicle during February trading.
Used car prices have continued to climb, reaching the 34th month of consecutive growth, according to 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.
Car retailers are expected to shrug off the key performance indicators (KPIs) of the past as they prepare for a 2023 economy which will see recessionary consumer spending habits layered on top of ongoing vehicle supply issues.
The average price of a used vehicle advertised for sale on Auto Trader rose for the 33rd consecutive month in December – reaching £18,030.
