Used diesel sales and prices may rise following ICE ban extension

By |2023-09-22T10:24:21+01:00September 22nd, 2023|Dealer Insights, News, Used cars|

INDICATA’s latest Market Watch report saw used diesel car sales fall to a record low in August while used petrol sales rose to 54.6% and hybrids and BEVs comprised 22.5% and 6.6% respectively. However, Group Sales Director Jon Mitchell expects the Prime Minister’s announcement to inject new life into diesel sales and expects used prices to rise.

carwow restocks forecourts with £1.4 billion-worth of used cars

By |2023-09-21T15:13:19+01:00September 21st, 2023|News, Used cars|

In the first half of 2023, the total number of individual dealers making bids rose by 42%, and the total number of offers made by those dealers increased by 99%. Even more of those bids are turning into transactions, with dealer purchases from online auctions in the first half of 2023 growing by 60% compared to the second half of 2022.

Automatics shift gear on the used car market

By |2023-09-21T08:59:42+01:00September 21st, 2023|News, Used cars|

There are signs that new and younger drivers are increasingly choosing to learn and drive an automatic car. In 2017/18, 163,790 driving tests were conducted in automatics. By 2022/23 this figure had doubled (up 98%) to 324,064. AA Driving School's data shows that in January 2022, 86% of its franchisees were teaching in manual cars and 14% in automatics. As of July 2023, the number of instructors using manual cars decreased to 81% and those teaching in automatics increased to 19%.

Epyx wins new five year VWFS remarketing deal

By |2023-06-26T11:40:37+01:00June 26th, 2023|Aftermarket and workshop, News, Used cars|

A new feature added to 1link Disposal Network that is being used by VWFS under the five- year deal is the Claims Portal, an online tool that provides the means to resolve any vehicle damage issues quickly and easily through digital channels between vendor and buyer, either by returning the vehicle or agreeing on compensation.

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