Consumers are shying away from expensive used electric vehicles (EV) amid escalating cost-of-living pressures, according to used car stock management and marketing specialist Indicata.
The UK remains the only European country to experience a decline in used car values during 2022, according to Indicata.
A shortage of used electric vehicles (EVs) could push prices so high that a new vehicle makes more financial sense to buyers, warns Indicata.
Used car retail prices continued to fall in June, according to Indicata.
The UK is now the only used car market in Europe where the value of vehicles continues to fall, according to data published by Indicata.
A magnificent seven electric vehicles (EV) topped Auto Trader’s fastest-sellers rankings for June and proved that car buyers are currently clamouring to avoid soaring fuel prices by embracing zero-emissions transport.
Used Electric Vehicles (EVs) are selling as quickly as petrol and diesel cars for the first time, according to Indicata.
With retailers operating in an increasingly challenging used car environment where stock is in short supply and prices are continually adjusting, it has become even more imperative to price used vehicles correctly to both maximise margins and maintain stock turn.
Data from wholesale and retail used car values data providers has indicated “signs of a market correction” but hopes remain that any market decline will be minor.
Used car prices have risen for the 98th consecutive week, according to Auto Trader, with cars selling at the fastest rate in five months.
A 0.9% reduction in used car prices this February has been branded a “blip” by Indicata.
Car dealers temporary rise in stock levels at 2021’s year-end is set to be a temporary trend, according to data published by Indicata.
The UK’s used car price rises are the highest in Europe, according to new data published by Indicata.
Car dealers’ used car stock levels were 9.4% down year-on-year last month and 16.5% down on September 2019, according to data published by Indicata.
Used car prices rose by 16.6% during the first eight months of 2021 as an imbalance between supply and demand dictates that customers will “clamour for whatever stock they can get their hands on”.
Valuation experts and AM100 retailers have conceded that they do not know when this year’s “unprecedented” used car price rises will end.
Used hybrid cars are gaining popularity in the used car market, according to new data from Indicata.
Car retailers have been warned that Government travel bans and delayes to the easing of COVID-19 lockdowns are likely to see the "huge accelration" in used car pricing continue.
Retailers are failing to keep pace with rapidly increasing used car values and selling one in four cars too cheaply, according to Indicata.
Used car prices are soaring as car retailers report demand so strong that the “can’t stock the forecourt fast enough” – and supply shortages look to continue the trend.
