Used car prices showed their largest monthly price rise for two years on Auto Trader during July, with values rising 4.6% amid signs that consumer demand is continuing to grow.
Used car values rose by 0.4% during July as automotive retail's lockdown recovery delivered the month’s first price rise since 2009, Cap HPI has reported.
The COVID-19 pandemic has brought about a reduction in global emissions as the economy slowed and vehicles were kept off the roads during lockdown.
Aston Barclay has said that a surge in demand for used cars stock has seen value rise to its records highest ever level for a Q2 period – with older cars and diesel vehicles leading the way.
The Kia Sportage SUV is the UK's most in-demand used car, according to the results of research conducted by ChooseMyCar.
Vehicles aged over six years helped UK car retailers drive a 3.7% increase in post lockdown used car sales during June, according to analysis by Indicata.
Following a swift transition by car retailers from the COVID-19 lockdown to “the new normal” new car registrations got back on track for UK businesses in June.
June delivered its first rise in used car values since 2009 in a two-tier post-lockdown market defined by increased demand for older, cheaper vehicles, according to Cap HPI.
Motorway has celebrated its delivery of record volumes of used car stock to the UK’s motor retailers post-lockdown – with £1.39m of sales completed in a single day last week.
Cazana, the vehicle data company, has confirmed that used car pricing has not raced to the bottom during lockdown.
Large numbers of de-fleeted vehicles, postponed PCP returns and terminated PCP agreements caused by Covid-19 will cause a negative ripple effect on car values, according to Automotive Services International (ASI).
Cazana has reported that demand for used cars during the COVID-19 lockdown may have outstripped the 20% of sales transactions which were completed during the period.
Growing volumes of COVID-19 coronavirus lockdown used car sales have prompted Cap HPI to admit that the time is right for recommence valuation changes – and initial sales suggest a 2% to 5% decline.
Aging stock has been cited as the “main driver” of £1.6 billion losses incurred by Europe’s used car retail sector between the start of the COVID-19 coronavrius lockdown and mid-April.
The UK's used car market contracted by 8.3% in the first quarter of 2020 following a COVID-19 coronavirus lockdown-prompted 30.7% decline in March sales, SMMT data has revealed.
Cox Automotive has re-started Manheim's car auction operations via its online sales platform following “weeks of careful planning and implementation of the necessary safety measures”.
The easing of car retail COVID-19 coronavirus lockdown restrictions in Austria and Germany have delivered ‘no strong signs’ of a used car market bounce back, according to Indicata.
Following clarification on car dealers ability to trade in the COVID-19 coronavirus lockdown Cazana's director of insight, Rupert Pontin, asks whether 2020 used car demand could actually be higher than 2019.
In the life of every war correspondent that I have read about, from Marie Colvin to John Simpson, there has always come a time when they could no longer simply observe and report the tragedies unfolding around them, but were driven to participate and to influence what they were watching.
Trade and wholesale car sales delivered 3,500 vehicles into the used car market during April’s COVID-19 coronavirus lockdown automotive retail sector, according to Cap HPI.
