Used car dealers’ efforts to “buy up as much stock as physically possible” saw January buck an eight-year trend of declining January values with a 0.6% increase, Cap HPI data has indicated.
The used car market defied any market uncertainty created by the General Election to deliver its strongest December performance since 2012, according to data published by Cap HPI.
Electric vehicles (EV) are the UK’s fastest-selling used cars, according to market data analysed by Cap HPI – taking an average of just 39 days to leave car dealers’ forecourts.
Affordable pure electric vehicles (EVs) are moving into the used car sector’s fast lane as consumers show less enthusiasm for a new crop of expensive zero-emissions cars.
Research conducted among 2,000 motorists has shown that 90% of car buyers are more likely to make a purchase when if presented with accurate vehicle service history documentation, revealed HPI.
Used vehicle values stabilised in October as a result of low supply and steady demand, according to Cap HPI.
Click Dealer has celebrated the appointment of a new member of staff with "undoubted pedigree" after recruiting Debbie Fox (pictured) as its new head of commercial.
Cap HPI’s live used vehicle valuations have recorded their first average value growth figures for 18 months.
Fluctuations in the value of used cars and the wider adoption of ever-faster remarketing platforms have driven the used car market to become more “complex and volatile” in 2019, Cap HPI has reported.
Concerns around supply shortages of new vehicles after August 31 due to vehicle testing rules may be unwarranted, according to Cap HPI.
Used car values have dropped by a record 2.2% decline for July as the large executive and luxury executive cars fell out of favour with car buyers, Cap HPI has reported.
Carwow has partnered with Cap HPI to provide manufacturers with in-depth data about how their models are performing in the eyes of buyers.
Cap HPI has refuted claims that PCP customers are increasingly at risk from financial difficulties as a result of their car finance agreements lapsing into negative equity.
The average price of a used car advertised via Auto Trader increased by 0.8% in May, despite ongoing reports of declining values.
Used car prices have continued to decline during June as a “realignment of values” impacts all vehicle sectors, according to Cap HPI.
Brexit is yet to have an impact on used car values in the UK according to Cap HPI’s latest analysis of the UK automotive sector.
AM100 groups fall victim to unscrupulous write-off repairers exploiting insurance loophole to resell crash-damaged cars
Used car values have experienced their most severe May decline since Cap HPI’s records began in 2012 and the heaviest monthly drop since December 2014.
A “market correction” has wiped £500 to £1,000 off the price of the some used cars during May, according to data published by Cap HPI.
Cap HPI is working with car manufacturers to ensure that vehicle price data can be updated in its system promptly, in the event of a no-deal Brexit.
