Used car quality is improving with new research indicating a sharp month-on-month rise in dealer opinion.
January is seeing a relative stabilisation of used car values following a difficult last quarter for the market, according to cap hpi experts.
The Ford Kuga was the fastest-selling used car last year, taking on average just 13 days to shift off retailers’ forecourts, twice as quickly as the average.
Land Rover products dominated 2023 for the third year running, while other premium makes continued to deliver strong returns, according to Dealer Auction.
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.
Used EV prices made a comeback during the last quarter of 2023, according to online marketplace Autorola.
BMW is the marque listed most frequently, with a total of 14,731 listings via Carwow’s auction platform between January and November 2023.
Auto Traders delivers 2024 outlook for the new and used car market
Online searches for used cars are expected to see a traditional bounce in the days following Christmas, according to Motors.
Tactical EV registrations by manufacturers could impact used prices and increase demand, according to INDICATA UK’s latest insights report.
November saw used trade values fall by 4.2%, equivalent to £775 at the three-year age point, according to experts at cap hpi.
The ‘secret sauce’ of the top 1,000 dealerships that makes then stand out is their friendly approach and rigorous efforts to make transactions easy
The Toyota Prius has been revealed as the most desirable used EV/hybrid this month, according to remarketing expert Aston Barclay.
The average used car wholesale value had dropped 2.5% by November’s mid-month point, furthering the 4.2% decline that Cap HPI recorded in October.
Battery electric vehicles (BEV) represent 1.8% of the used market, up from 1.0% last year
Just when dealerships thought the supply pipeline might be easing, new research points to the risk of remote working delaying the entry of used car stock
Delegates to AM Live will gain tips and interesting data points and predictions that will help them make the most out of used electric vehicles (EV).
Auto Trader has launched a trended valuations tool to help retailers maximise profitability and navigate an increasingly nuanced market.
September’s plate-change, while prices and demand remained stable.
Used car values toppled in October, with the average value movement in cap Live at three years, 60,000 miles, seeing a fall of 4.2%, equivalent to £850.
