Premium car brands saw slower price growth in the used car sector during July as the effects of an “aggressive” battle for market share began to take hold, Auto Trader has suggested.
Lower than usual car registrations numbers due to the switch to the WLTP vehicle emissions tests could see an increased number of car buyers invest in nearly-new alternatives, Cap HPI has said.
Used car prices rose 8.8% month-on-month and 8.1% year-on-year at auction houses across the UK during July despite a lower first-time conversion rate indicating a greater level of available stock, NAMA has reported.
Cox Automotive has reported signs of a positive upturn in the used car market after a 7% rise in prices at its Manheim auction centres during July.
The used car market slowed in July, according to Cap HPI.
Average used diesel prices of cars sold on the Autorola online portal continued to rise in Q2, although there was a noticeable fall in volume.
Petrol is closing in on diesel as the most popular fuel type among UK car buyers, according to Auto Trader’s online search data.
Used car values at BCA auctions rose to their third highest level on record during June as nearly-new vehicle prices rose by 10.8% year-on-year.
June 2018 has been a good month for the retail used car market although trading conditions appear to have been harder thanks to the weather and the World Cup.
Pricing a car correctly is intricately linked with stock turn and profitability – we asked dealers how they hit the sweet spot
Used car prices on Auto Trader declined by 0.7% in May as the number of online searches for diesel-fuelled cars dipped below 50% for the first time.
The National Association of Motor Auctions has reported that average used car prices at auction rose by 5% during April as “good wholesale prices led to well-stocked forecourts”.
Cox Automotive has indicated that the used car market remains “strong” against the backdrop of falling new car registrations.
Cazana has launched a vehicle valuation tool enabling dealers to make “instant price decisions” based on the current retail market.
Car dealers turning to the used vehicle market amid falling new car sales have sparked at 9.4% increase in prices at auction, according to data published by Cox Automotive.
Demand for used diesel vehicles has remained strong in March with SUVs leading the charge, according to Cap HPI.
Electric vehicle used values rose by 41% during Q1 of 2018 as the overall average used car value rose by 5.3%, according to Autorola.
Part-exchange vehicles posted strong performance at auction during March to deliver a boost to car dealers at the end of Q1, according to new figures from Cox Automotive.
Strong competition for used car stock saw prices rise by an average of 1.7% at auction, according to the monthly BCA Pulse report.
The average price of a used car sold at auction rose by 16.7% year-on-year in February, according to The National Association of Motor Auctions (NAMA) car auction data.
