Jaguar has re-entered Dealer Auction’s top 10 brands for the first time since September, with an average retail margin of £3,300
MOTORS is tracking the market to see whether April’s rise is an early sign that consecutive monthly dips are halting and the market is heading for greater price stability.
Used car sales continued to soar in the first three months of 2024 with more stock than ever hitting the market due to sales of new cars picking up.
April saw average car values at the three-year, 60,000-mile point, fall by 1.5%, equivalent to around £300 as the market returns to seasonal norms.
UK dealers are holding fewer used EVs in stock than any other country in Europe, according to the latest INDICATA Market Watch report.
The most sought-after used car so far this year is the Ford Fiesta - despite being discontinued, a new study has revealed.
Both premium and mainstream brands offered opportunities for profit last month, according to Dealer Auction’s latest Retail Margin Monitor with a new entry from Peugeot underlining the importance of holding a varied stocklist.
Lower asking prices helped drive used car sales last month with vehicles averaging just 35 days on physical and virtual forecourts
The BMW 1 Series was one of the most desirable used cars in March, according to new auction data from Aston Barclay.
The Seat Leon has emerged as the UK’s fastest-selling used car, taking an average of just 10 days to leave retailers’ forecourts
MINI’s iconic hatchback has appeared in Dealer Auction’s Retail Margin Monitor top 10 models for the first time.
The Toyota Yaris ranked as the most reliable used car over the last three years, according to the latest figures released by Warrantywise.
Healthy retail demand and strong auction conversion rates are characterising a stable used car market, according to experts at cap hpi.
Online car dealer Cazoo is beginning to sell off its used car stock, transporters and customer care centres as it has announced it will switch to a new business model as a car marketplace, competing with rivals such as Auto Trader, eBay Motors and AA Cars.
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.
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%.
Almost half of dealers (48%) are planning to use social media as a key used car marketing tool this year, according to new research.
Superminis led the UK’s overall used car market growth of 5.1% in 2023, according to the latest figures from the SMMT.
Used EVs are now becoming a viable alternative to new models with sub £20,000 electric stock accounting for 25% of the market
Monthly figures from the Finance & Leasing Association (FLA) show that new consumer car finance business volume fell 7% in November compared to 2022.
