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.
Wages, recruitment and cost of living impact will have the biggest potential to impact dealership profit in 2024
The average value of a used car at 3yrs/60k has fallen again in December, but Cap HPI said seasonal norms are returning.
Dylan Setterfield, head of forecast strategy at cap hpi, explores what 2024 may hold following the market realignment at the end of 2023.
The average retail price of a used car in November was 3.8% lower than a year previously, Auto Trader data shows, marking the third consecutive month of retail price decline.
Cap hpi is calling on the industry to view values in real-time in a fast-moving market.
Online marketplace carwow has achieved its highest ever used car sale price with a Lamborghini Urus achieving £305,050 at auction.
At mid-September Cap HPI’s data showed the average value of a used car was down -1.1%, and its values experts are expecting the month-end drop to be another 2% overall, similarly to August’s outcome.
August’s average used car value is heading for a 2% drop, the largest yet this year, as the market “realignment” continues, says Cap HPI.
The AM News Show podcast recently welcomed Perrys managing director Darren Ardron and Cap HPI director of valuations Derren Martin to the studio
Used car values fell by 1.9% in July despite healthy wholesale activity, according to pricing experts at Cap HPI.
Used electric vehicle (EV) sales are outselling used diesels at less than two years old, according to Indicata’s latest data for June.
Aston Barclay has seen more signs the used EV sector is settling down in Q2 as prices fell by 1.4% (£329) to £22,100.
