The used car market continues to demonstrate resilience into November, with only a slight decrease in average car values, softening by 1.1% month-to-date, according to Cap HPI.
BMW celebrated a double third-place finish in Dealer Auction's Retail Margin Monitor in October
The used car market grew by 4.3% from July to September, marking the seventh consecutive quarter of year-on-year growth, according to the latest data published by the Society of Motor Manufacturers and Traders (SMMT).
Used electric vehicles (EVs) and hybrid cars achieved price parity, according to Aston Barclay’s latest Market Insights report for the third quarter
Battery electric vehicle (BEV) prices in the used car market have shown signs of stabilising, according to Indicata’s latest Market Watch report.
Luxury marques emerged as the top-performers for potential dealer profit margins in Carwow’s online auctions during the third quarter.
The used car market remained resilient in early October, with average values falling by just -0.5% in the first 10 days, according to the latest data from Cap HPI.
Retailers are being urged to strategically use data to avoid unnecessary price corrections as the used car market is proving resilient, with electric vehicles leading in both demand and sales pace.
EV values finally rebounded in September after a two-year period of free-fall, according to industry experts at Cap HPI.
EV and hybrid vehicles listed and sold on Dealer Auction are younger, carrying fewer miles, commanding a stronger CAP performance, and retailing faster versus those traded between dealers 12 months ago.
Latest analysis from Cap HPI shows a strong used market in September, after a buoyant summer.
The used car market is experiencing a major shift towards hybrid vehicles, as detailed in the latest Indicata Market Watch report.
Cox Automotive is restating its "optimistically realistic" outlook for the used car market in 2024, warning against assuming that first-half continue to the year-end.
Auto Trader’s latest data has revealed the fastest selling used cars in July.
The demand for used EVs ramped up in July following a 16.5% fall in prices during Q2, according to the latest Aston Barclay Market Insights report.
Used electric vehicles are now priced 8.5% and 14% below equivalent petrol and diesel models at three and four years respectively, according to new data.
Used retail prices have continued to stabilise in July as the market returns to seasonal norms, according to the latest data from Auto Trader.
UK used car sales are expected to increase by 5% year-on-year in 2024, but Auto Trader has warned this rise will be accompanied by “unprecendented shift in used car supply dynamics”.
The rate of decline for used EV prices is showing signs of improvement, with a 1% drop the best month so far this year, according to new data from Cap HPI.
The average three-year-old used electric vehicle (EV) is now 43.8% cheaper than it was 18 months ago, according to Indicata's latest Market Watch report.
