Used car dealers expect prices and values to continue falling

By |2024-03-12T10:15:53+00:00March 12th, 2024|Dealer Insights, News, Used cars|

Over the past year, used car prices and values have fallen by about a fifth caused by factors such as gradually increasing stock supply and reduced consumer demand. The general view on this has been that prices and values were inflated to a very high peak and that some form of readjustment was always going to come.

Condition of used stock is improving

By |2024-01-16T09:46:42+00:00January 16th, 2024|Dealer Insights, News, Used cars|

Getting hold of stock has been a tough-to-solve issue for used car dealers since the pandemic, with stalling new car production meaning the number of vehicles in circulation has fallen. However, what we have seen this month is a jump in the number of dealers who say the situation is improving across a number of metrics including condition, age and general supply of stock.

Rising insurance costs make some cars difficult to sell

By |2023-12-11T09:19:38+00:00December 11th, 2023|Dealer Insights, News|

Startline’s December Used Car Tracker also reports that half (50%) think that some cars have become effectively uninsurable, so are probably unsellable. The research also reports that 23% think that it has become well-known among both trade and consumers that certain cars are easy to steal.

EV values and prices will fall following 2035 move

By |2023-11-14T09:31:24+00:00November 14th, 2023|Dealer Insights, Electric vehicles, News|

Dealers now think there will be further falls for EVs as consumers choose to take longer to electrify and that this will also bump up petrol and diesel values and prices. They believe that Rishi Sunak’s decision will have a very direct effect on the market and the fuel choices made by consumers over the next few years.

Younger, cheaper, better stock expected by car dealers next year

By |2023-10-03T12:57:45+01:00October 3rd, 2023|Dealer Insights, News, Used cars|

New research shows that 63% say the condition of cars available will improve, 60% that they will be newer and 57% that prices will be lower. In addition, improved availability of cars of all ages is being forecasted, with 47% saying that supply will improve for 1-3 year old models, 62% for 4-7 years and 58% for eight years and over.

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