An 80th consecutive week of increasing used car values and the highest level of UK inflation for a decade is unlikely to temper consumers’ appetite to buy a new vehicle, Auto Trader has said.
Used car dealers are still under-pricing up to 60% of their forecourt stock, according to data published by Real Time Communications (RTC).
Auto Trader has posted a 121% increase in operating profit to £151.7 million for the half year ended September 30.
Electric vehicles (EVs) will remain the prserve of the rich if Government does not introduce a programme of targeted incentives to help potential buyers, Auto Trader has said.
Auto Trader is launching a new Automotive Carbon Literacy Toolkit to help dealers and automotive businesses reduce their carbon footprint.
Used car sales declined 6.2% in Q3 as vehicle supply shortages continue to “undermine” the retail sector, the Society of Motor Manufacturers and Traders (SMMT) has said.
Automotive 30% Club chief executive and Gaia Innovation founder Julia Miur will lead an expert panel at AM Live to inspire delegates to make their car retail businesses a place where women can thrive.
Auto Trader has reported that the average price of a used car has risen by £3,000 since May as the imbalance of consumer demand and vehicle supply shows no sign of abating.
Auto Trader is aiming to drive efficiencies for car dealers with a new stock management system which it claims will remove many of the biggest pain points in vehicle marketing.
The Institute of the Motor Industry (IMI) has announced the appointment of two new non-executive directors.
Old diesel cars that will be non-compliant with the expanded ULEZ area in Greater London are still increasing in price, according to Auto Trader.
Close Brothers Motor Finance has teamed-up with Auto Trader to launch a “motor finance industry-first data tool” offering consumer demand insight to car retailers.
Auto Trader has reported that 17% of nearly new used cars are now more expensive than their brand-new equivalents as supply shortages continue to stall global car manufacturing.
The 2021 Inspiring Automotive Women have been revealed following nominations to the Automotive 30% Club and review by a panel of judges.
The Hyundai i30 and Mitsubishi Shogun have been listed among Auto Trader’s ranking of the used cars that delivered the biggest retail value increases in September.
Competition for used car stock continued to grow as used car retail values rose 21.4% in September to reach a new record high after 18 consecutive months of appreciation.
The UK’s weekend fuel frenzy sparked a 61% rise in car buying interest in electric vehicles (EV) on Auto Trader and a 59% spike on carwow.
Technical issues arising after a platform update left car dealers reliant on Auto Trader Market Insight view of their advertisements’ performance in the dark for more than two days.
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.
Auto Trader is to start including admin fees charged by retailers within a listed vehicle’s total advertising price.
