Drivers intimidated by used car confusion
New research has found that motorists do not understand how much buying a used car will really cost them, making the process intimidating, complex, and stressful. The report by digital […]
Used cars
Used car prices still climbing
The latest data from Auto Trader has found that the current average price of a used car is £17,946, which equates to a 3.6% year-on-year increase on a like-for-like basis. It […]
Used car market buoyant in first quarter
The UK’s used car market grew 4.1% in the first quarter of 2023 following three successive quarters of decline, according to the Society of Motor Manufacturers and Traders (SMMT). It […]
BCA reports strong quarterly results
BCA has reported a strong first quarter for the used car sector, as average values rose for the third month running, sold volumes continued to increase and average weekly used […]
History matters for used car buyers
Three quarters of motorists would only buy a used vehicle that has a full or nearly full service history. New data by BookMyGarage has found that more than four-in-10 drivers […]
Retailers under-pricing used cars as demand grows
New data from Auto Trader has revealed that used car prices grew in March following 10 months of softening demand. Its Retail Price Index found the average retail value of […]
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 […]
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 […]
