Used car price parity is proving to be crucial in boosting dealer confidence in the battery electric vehicle (BEV) market, according to the latest Indicata Market Watch report.
The used car market saw a typical seasonal decline in December, with the average value of a three-year-old, 60,000-mile vehicle dropping by 1.5%, equating to approximately £260, according to data from Cap HPI.
As the remarketing sector faces a period of profound transformation, the insights shared at the Vehicle Remarketing Association’s Automotive Summit focussed on the need for agility, data-driven decision-making, and forward-thinking strategies.
Analysis from Cap HPI shows the used car market is performing strongly with average car values at three years and 60,000 miles declining only 1.1% month to date.
Used car sales continue to show robust demand and improving pricing trends, according to the latest Auto Trader Retail Price Index.
The retail used BEV sector in the UK remains the most stable of the 13 major European countries in INDICATA’s monthly Market Watch report.
Battery electric vehicles emerged as the fastest-selling vehicles in November, with an average time-to-sale of just 33 days, according to analysis of retail activity by Cap HPI.
The used car market has experienced a notable decline in sales in the wake of the Autumn Budget, according to data released today by Marketcheck.
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.
