February has not served to install car retailers’ used vehicle operations as “the shining star” in their business in recent months and news of HMRC VAT reforms will only make life tougher, according to Cazana.
Used car values declined during February for the first time since 2008 as car retailers begun to show signs of "reluctance" to squeeze their profit margins any further, according to Cap HPI.
BCA’s monthly Pulse Report has revealed that used car volumes rose ‘significantly’ in January as average values returned to more typical levels following the seasonally affected values recorded during December.
Auto Trader’s Retail Price Index has shown that diesel was “constantly the fastest selling fuel type” for used cars in 2018, as diesel values remain resilient.
A lack of “good quality and desirable stock” has not been enough to stall rising used car prices as demand from consumers defies the uncertainty caused by Brexit, according to Cazana.
Used car values fell by 1.7% in December as demand weakened and dealers targeted stronger returns at the start of 2019, according to Cap HPI.
The Car Buying Group (TCBG) has put the used car inspection and valuation process into the hands of consumers with the launch of a new app.
Used car values rose in November as “buyers competing strongly for stock both in-lane and via BCA Live Online” drove stiff competition for stock through BCA.
Supply constraints triggered by the introduction of WLTP have resulted in used car values that have defied the usual season trends, according to Cap HPI.
The growth in used car retail prices reached its lowest point since August 2017 as online enquiries reflected a surge in interest in electric vehicles (EVs) and hybrid vehicles, according to the Auto Trader Retail Price Index.
A combination of collapsing new car registrations and WLTP’s effects on fleets and leasing companies is hitting used car supply and driving record wholesale prices
Cox Automotive has reported 6.3% increase in used car volumes coming through Manheim auction sites during October as retailers battled for stock amid new vehicle supply shortages.
A choking of new vehicle supply to dealers’ showrooms triggered by the September introduction of WLTP will continue to drive a buoyant used car market into 2019, according to Cazana.
Used vehicle values are being artificially inflated as competition hots up amongst buyers for nearly new and ex-fleet stock amid WLTP-related new car shortages, according to Shoreham Vehicle Auctions (SVA).
BCA has delivered further evidence of the soaring value of used vehicle stock for car dealers during September as average prices reached the highest level the remarketing specialist has ever recorded.
Car dealers reported an 11% increase in used car sales during September as the average value of each sale declined by 8%, according to EnquiryMAX.
Trade prices for used cars have reached such a high level that dealers relying on finance and insurance (F&I) for profitability, the Vehicle Remarketing Association (RMA) has said.
Used electric vehicles (EV) rose in value during September despite static performance elsewhere in the sector, according to research from Cap HPI.
The average price of a used car offered for sale on Auto Trader declined by 1% during August as interest in electric and hybrid cars grew, the online retail platform has revealed.
Used car prices reached their second-highest level on record at BCA auctions during August, with average values rising by 2.4% to £9,697.
