Used car values weakening
Used car values fell by their largest amount since 2008 in September. According to data from cap hpi, values dropped by 1.9%, or about £420, at the three-year, 60,000 point. […]
Used cars
Used EV prices inch up in September
The price of used EVs rose in September after 12 months of consecutive decline. This is according to Auto Trader’s Retail Price Index, which has reported a 0.8% price rise […]
Customer satisfaction high despite higher prices
Over three-quarters (80%) drivers believe they got a good deal on their used car purchase despite prices still averaging 37% higher than they were before the pandemic. A CarGurus survey […]
Used car values slowly softening
Used car prices were 1.1% higher in August than the same month last year. According to the Auto Trader Retail Price Index, the average price of a used car was […]
Used car prices continue to fall
Used car values fell two per cent in August, the fifth consecutive month of falling values. According to cap hpi, the decrease was the largest recorded since the introduction of […]
Suzuki unveils new warranty scheme
Suzuki has announced its own in-house approved used car warranty. The launch of the new warranty will also help further increase customer retention as well as a higher volume of […]
Kia tops list of used car searches
A recent study has revealed that the Kia Sportage is the UK’s most searched-for used car. The study was conducted by car finance refund experts Undisclosed.co.uk, which evaluated the number […]
Used car market enjoys quarterly growth
The UK’s used car market rose by 4.1% during the second quarter of the year, with 1,832,267 units changing hands. According to the latest figures published by the Society of […]
Car values ‘precariously high’
A new report has warned that the price of used cars in the UK is ‘precariously high’. The strategic report was published by The Retail Motor Industry Federation (RMI), the […]
Used car market still below pre-pandemic levels
Used car transactions are expected to surpass 7.1 million units this year, which represents a 4.4% increase on 2022. However, this is still three per cent below the average pre-pandemic […]
Used car prices plateau in June
Average used care values remained consistent for the third month in a row, according to BCA. It reported average prices of £8,255 with the mix of vehicles continuing to heavily […]
Peter Vardy to close two sites
One of Scotland’s leading automotive companies The Peter Vardy Group has announced it will close two purpose-built used car supermarkets in Dundee and Glasgow. This move comes as a result […]
