Used car dealers continued to avoid stocking higher value premium used cars in May to help preserve their cashflow, according to Aston Barclay.
Used EV values could fall by a further 5-10% in the next few months, the latest Vehicle Remarketing Association (VRA) member meeting was told.
An overwhelming majority of car retailers (84%) say the availability of used car stock is their biggest concern, according to May’s Startline Used Car Tracker.
Dealer Auction has revealed the top 10 used cars that have delivered the best retail margins in April.
More than half of people (55%) say lower prices would be the number one factor that would bring them into the used car market.
The market share of used EVs rose above 3.0% for the first time as sales slowly increased during April, according to Indicata’s latest Market Watch report.
Used retail prices have increased by 3.6% year-on-year on a like-for-like basis, according to Auto Trader’s latest data.
Cap HPI has launched a free new tool for dealerships that will help them more accurately price optional extras on used vehicles.
Average used car prices have dropped by 0.6% so far this month and a total drop of 1.2% is expected for May, according to Cap HPI.
Used car stocks continued to drop and days to sell increased in April, according to the latest Market View analysis from eBay Motors Group.
Auto Trader is aiming to drive efficiencies for car dealers with a new stock management system which it claims will remove many of the biggest pain points in vehicle marketing.
Premium SUVs and plug-in vehicles have dominated Aston Barclay’s used car desirability index for September.
Used car sales have recovered by 2.8% from September 6, while new retail adverts have surged by 27.8%, according to the latest Cazana data.
SUVs accounted for 90% of the fastest selling used cars on Auto Trader in August, according to its latest Fastest Selling Index data.
Cap HPI has revealed plans to launch a wave of new real-time data tools and insight after adding agility to its new product development with the launch of a new automotive data science team.
Private new car registrations were April’s highlight as the new car market starts to show signs of “balance” but diesel car prices have faltered in the used car sector, according to Cazana.
Cazana has launched a vehicle valuation tool enabling dealers to make “instant price decisions” based on the current retail market.
Cap HPI has confirmed that data related to the incoming WLTP and RDE vehicles emissions testing regime will be introduced to its New Vehicle Data set (NVD) in the coming months.
Cap HPI has appointed Jeremy Yea as the new Black Book editor, following recent restructure announcement.
Cap HPI has announced the appointment of Max Robert Mueller as future car value manager for Germany as it continues to drive growth on the continent.
