Demand grows as prices tumble
Demand for used cars rose 11.7% in December while average values fell 5.6% to £17,064, according to Auto Trader’s Retail Price Index. Data revealed that one to three-year-old cars saw […]
Used cars
Tesla Model 3 tops EV charts
New research has revealed that the Tesla Model 3 was the most popular electric vehicle in the UK last year. According to millions of searches on the cinch website, it […]
Used car price gap impacting stock levels
New data has found that dealers are struggling to replenish used car stocks as sellers are valuing their vehicles too highly. Used car prices fell about 20% last year, but […]
Vauxhall Adam most crashed car of the year
New research has found that the Vauxhall Adam was the most damaged vehicle in the UK during 2023. According to carVertical, the Vauxhall Adam was the model most likely to […]
Used car values continue falling
Used car values at three years and 60,000 miles fell by 2.1% in December, adding to a cumulative drop of 8.4% over the last two months. According to cap hpi, […]
SORN vehicle values worth a fortune
UK drivers could be sitting on about £11.2bn tied up in unused cars, a new study estimates. According to Carwow, there are now over three million cars with a SORN […]
Bumper year expected for car sales
Auto Trader is predicting that the new car market will grow four per cent next year from an estimated 1.89 million in 2023, to circa 1.97 million. It expects the […]
Used car values fall again in November
Auto Trader data has found that average used car retail prices contracted 3.8% on a year-on-year in November. This is the third consecutive month of falling prices, with a fall […]
Vertu Motors expands cap hpi partnership
The Vertu Motors group has announced a partnership with cap hpi to help manage risk and optimise profits by using the Daily Movement Report to inform its own valuation tools. […]
Used car values fall again in November
November saw used trade values fall by 4.2%, or £775 at the three-year age point, according to experts at cap hpi. The news follows October’s fall of 4.2%, which means […]
Demand spikes for used EVs
The average price of a used car fell one per cent in mid-November, according to Auto Trader data but demand remains strong, particularly for alternatively fuelled vehicles. It found that […]
Richard Hardie agrees BCA partnership
North East dealer group Richard Hardie has agreed an exclusive one-year remarketing deal with BCA. The group operates dealerships in Sunderland, Ashington and Silverlink, Wallsend. It will offer around 500 […]
