Cost of living bites as car finance dips
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in February 2023 by five per cent compared with the same […]
Used cars
Drivers warned of long-term pain after short-term gain
A poll of 2,043 UK driving licence holders commissioned by The Motor Ombudsman has revealed that 73% would be more likely to buy a second hand car this year rather […]
Average used prices on the rise again
The average retail price of a used car in March was up 2.3% to £17,720 in March. According to AutoTrader, this is up from the 1.3% year-on-year increase recorded in […]
Used car sales accelerating
Auto Data has announced that used cars took a record average of just 23 days sell in February. It’s five days faster than the same period last year and six […]
Used car prices still rising
The strong start to 2023 in the used car sector continued in February as average values rose for the second month running. Values averaged £8,540 at BCA, up by £140 […]
Used car prices rise for 35th straight month
The average retail value of a used car was £17,654 in February, according to Auto Trader, which represents a 1.3% increase on a year-on-year (YoY) and a like-for-like basis. While […]
Used car prices still trending upwards
The average price of used cars rose 1.7% year-on-year to £17,880, according to Auto Trader’s Retail Price Index. Although the rate of growth is down significantly from a peak of […]
Uses car values rise despite EV volatility
Used car values at BCA saw a modest uplift in January 2023, with improved demand driving a 1.6% increase. Values averaged £8,400 in January, which is up by £135 compared […]
EVs rise in falling market
More used electric vehicles were sold last year than ever before, but they still made up just 4.1% of the overall market. According to the Society of Motor Manufacturers and […]
New car buyers driven in droves to used market
New research has found that the cost-of-living crisis is having a significant impact on new car buyers, with many switching to the used vehicle market or not replacing their existing […]
Buyers doubtful of approved-used programmes
Nearly half of car buyers in the UK do not believe thorough vehicle checks are carried out by dealers and manufacturers when they buy an approved used car. According to […]
Used car demand remains robust
Used car demand remained steady during December, although online remarketer BCA reported a definite lift in interest through the festive season as BCA. It found that values averaged £8,265 last […]
