Almost half of motorists (46%) could soon be eyeing a used car following substantial price falls, according to Startline's latest monthly Used Car Tracker.
UK car production got off to a fast start in January, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
Data and forecasting firms JATO Dynamics and S&P Global Mobility are teaming up to help auto industry customers with their rapid decision-making.
Used EV prices continue to show signs of levelling off, according to the January INDICATA Market Watch used car insights report.
The volume of stock handled by Manheim Auction Services during January was up 24% year-on-year, with the number of active buyers increasing by 12%.
January saw the first monthly rise in average UK used car values since last October as buyers competed strongly for stock, reports auction house BCA.
Fleet and business orders accounted for almost two in every three new car registrations in January, when the month's market ended at its highest level since 2020.
Motor dealers are still looking to invest in their forecourts this year despite economic uncertainty, rising costs and business challenges
Buyers are taking over a week longer to research their next purchase due to low confidence and extra time needed to research EVs, according to research.
January saw used values at the three-year, 60,000-mile point reduce by a negligible 0.1%, equivalent to £90 on average, according to experts at cap hpi.
Auto Trader is giving all its retail partners early access to its new data solution Trended Valuations, as well as to newly enhanced Retail Check functionality.
The huge choice of EV cars coming on to the market combined with emissions targets could drive EVs to achieve price parity with their ICE counterparts.
Monthly figures from the Finance & Leasing Association (FLA) show that new consumer car finance business volume fell 7% in November compared to 2022.
A level of optimism among the customer base suggests the potential for a more stable month.
A third of British drivers revisit the same dealership to buy their next car, according to findings by used car website AA Cars research.
Wages, recruitment and cost of living impact will have the biggest potential to impact dealership profit in 2024
Consumer demand is robust, and cars are selling quickly, which combined with the slow return in supply, means retail prices continue to show more resilience.
Results for 2023's new vehicle market show that although Ford has firmly lost its crown overall it can still proudly claim to produce the UK's biggest-selling car and van.
