New data from CarGurus has highlighted Liverpool as the cheapest place to buy a used car as it created a ranking of the most affordable and most expensive cities across the UK.
An all-electric car made the top ten of Auto Trader’s fastest selling used cars for the first time as the Vauxhall Zafira topped the charts for January.
Used car prices rose in the wholesale and retail markets in December.
Average used car values declined by 1.6% at three years 60,000 miles in December, a figure that compares to the same point last year, where prices moved downward by 1.8%.
Average values stalled in November as rising volumes of cars put pressure on lower quality stock, creating “a two-tier market as volumes climb”, according to the latest BCA Pulse report.
Record values achieved across the used market during a busy September look set to be replaced by "softeneing" demand in October, according to BCA Pulse.
Demand for used cars throughout September has underpinned a stronger than normal market, with overall price reductions at three years 60,000 miles of only 0.2%, says Cap HPI.
Used car values have risen to a record value of £8,342 according to BCA.
Cap HPI is urging dealers keep a careful eye on stock turn as research shows pressure on margins over a 12 week period.
The final print edition of Glass’s Guide will come off the presses next month after 83 years and 925 issues of continuous publication interrupted only by the Second World War.
Nearly-new car prices fell 2.2% in value as average used car values fell by 0.76% overall during June, BCA Pulse shows.
Used car prices rose to a record average high of £8,261 in May, according to BCA monthly Pulse report.
There would be "significant uncertainty" over used car values if the UK left the EU following the June referendum, says Glass's this morning.
Data from the major motor auctions shows that ex-fleet stock is failing to reach the values of a year ago, although dealer part-exchanges are faring better.
The National Association of Motor Auctions (NAMA) found that average sales price in November increased by 3.6% from the previous month – from £5,441 to £5,637.
Cap is ending print editions of its valuation guides CAP Black Book, CAP Grey Book and CAP Red Book to focus on its digital information and services.
The average value of an ex-fleet car sold at BCA in November was £70 lower than the previous month, while part-exchanges dropped £87.
Used values dropped by 2.6% through November in a predicted seasonal slide, according to data from CAP.
The average selling price for part-exchanged cars sold by Manheim in October increased by 5.2% (£177) year-on-year.
Average used values dropped by 2.2% with an expected seasonal slide, according to the latest figures from CAP.
