Cost counts most for used car buyers
Cost is the driving factor for most motorists considering buying a second-hand car, according to a new poll commissioned by the Motor Ombudsman. It found that 58% of respondents said […]
Used cars
Fastest selling used car named
New data has revealed the UK’s fastest-selling used car. According to Auto Trader, the SEAT Leon takes an average of just 10 days to sell, more than twice as fast […]
Demand outstripping supply in used car market
The used car market recorded a healthy uptick in demand and sales during February, according to data from Auto Trader. It reported that demand was up eight per cent in […]
Used car values inch up again
Average used car values at three years and 60,000 miles moved into the positive in February, according to data from cap hpi. An increase of 0.7%, or £50, represents the […]
Kia XCeed becomes UK’s fastest selling used car
The Kia XCeed is now the UK’s fastest-selling used car. According to data from Auto Trader, it takes just 14 days on average for a retailer to sell it. The all-electric […]
NFDA optimistic for used car growth
The National Franchised Dealers Association (NFDA) is predicting further growth for the used car market in 2024, after new figures revealed sales growth of 5.1% last year. Sales were up […]
Used car sales to seven million mark
The UK’s used car market grew by 5.1% to 7,242,692 transactions in 2023, according to the Society of Motor Manufacturers and Traders (SMMT). Four straight quarters of growth saw sales […]
Used car values up 10%
BCA has reported the first monthly rise in average UK used car values since last October. Average used car values at BCA improved by £679 in January compared to December, […]
Demand strong for used cars
Both transactions and demand in the used car market grew in January, according to Auto Trader’s Price Index. But while prices are showing signs of stabilising, Auto Trader data revealed […]
Used values hold firm in January
January saw used values at the three-year, 60,000-mile point reduce by a negligible 0.1%, equivalent to £90 on average, according to experts at cap hpi. The fall of 0.1% was […]
Retailers leaving £31m on the forecourt
Data from Auto Trader has suggested that retailers are missing out on a potential £31m in profit due to under-pricing. It found that across 8,000 retailers, about 47,500 cars are […]
Stability returns to car sales
Cox Automotive is predicting a more stable year for new and used car sales, after a period of volatility. It expects 2,020,050 new vehicle registrations in 2024, an increase of […]
