Competition for used hybrids and EVs listed on Dealer Auction surged in June, indicating strong dealer demand for Alternative Fuel Vehicles (AFVs) even though supply is constrained.
Electric cars remain the most unpredictable and volatile fuel type in an otherwise stable market, according to experts at Cap HPI
Advertised used car prices and dealer stock levels dipped as buyers concentrated on older essential purchase vehicles, according to Motors’ Market View for June.
Dealers are selling used cars more quickly than a year ago, perhaps reflecting the norms of stock depreciation, according to the latest Auto Trader data.
Good trade demand for ex-fleet used cars during May, particularly for petrol cars, led to an average value drop of just 0.9% (£210) for a three year, 60,000 mile car, according to Cap HPI.
Used electric vehicles were the only fuel type not to enjoy price growth with average prices dipping -0.4% MoM in April, according to Auto Trader,
Used car values remained stable for the third month running according to BCA’s latest valuation data.
Falling EV values are stabilising once they reach price parity with ICE equivalents, March’s meeting of the Vehicle Remarketing Association (VRA) was told.
Elon Musk's Tesla Model Y ranks as the least in-demand used car, due mainly to its high second hand price tag, according to research from Uswitch Car Insurance.
Most dealers say used car prices and values are stabilising although more than eight out of 10 used car dealers (84%) still expect them to continue to fall
Consumer demand, speed of sale and transactions in the used car market all rallied in February, according to the latest data from Auto Trader.
The used car market has seen continued positivity over the end of January and early February, according to experts at cap hpi.
Honda has entered the top 10 brands list for the first time since the launch of Dealer Auction’s Retail Margin Monitor two years ago
January saw the first monthly rise in average UK used car values since last October as buyers competed strongly for stock, reports auction house BCA.
Average car prices continue to be pulled down by under-pricing of exceptionally high demand stock, fuelled by recent trends in wholesale values
The shortage of new sub-£25,000 electric cars gave the used EV sector a welcome boost in the last quarter of 2023, according to auction house Aston Barclay.
Dealers are currently retailing many cars around break-even 'just to keep the lights on'.
Dealers are missing out on £31 million in profit due to under-pricing high demand stock, according to the latest data from Auto Trader.
The success of the EV market could pivot on two big political issues: the prospect of subsidies and the outcome of the forthcoming General Election.
A level of optimism among the customer base suggests the potential for a more stable month.
