Wales tops UK league for most affordable average used car prices in April
In its first Top 10 analysis identifying average used car price trends by region, MOTORS found cars in Wales averaged £14,519, compared to the national average of £16,825.
Almost half of dealers build “haggle margin” into used car price
April’s Startline Used Car Tracker also shows that 22% agree customers feel better about their deal if they achieve a small discount – although 33% believe fewer customers walk away because they don’t get the discount they want.
Q1 used car market bounces back followed by a strong start to Q2
Liquid Fleet experienced a buoyant used market from the start of 2024, where normally it takes about two weeks for the trade to return to buying stock. April looks to have continued in the same vein with retailers reporting a healthy Easter weekend and Liquid Fleet forecasting a strong Q2 used market
Used car dealers expect prices and values to continue falling
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.
Radical change incoming: Cox Automotive reveals first four-year, fuel-type forecast
EV share of registrations will grow 160% vs 2020-23 volumes to 2.3 million units or 28% of sales. Hybrid will represent 25% of registrations, with two million units sold. This growth comes at a significant cost for diesel and petrol derivatives. Diesel share over the four years will shrink to just 3%, with 62k units registered in 2027, while petrol, with 3.5 million registrations over the four years, will fall 12% to just a 35% share by 2028.
Motorists hunt for used cars as prices fall
When told that used car prices have fallen by an average of almost 20% in the last year, 21% said that it would make them a lot more likely to buy and 25% a little, shows March’s Startline Used Car Tracker.
Dealers set to benefit from more accurate options valuations
New tool is available for free to current subscribers in the Valuation Anywhere product. Experts at cap hpi say the tool could prevent dealers from missing out on potentially thousands of pounds in profit by not valuing optional fitted extras accurately.
Used car prices go into reverse with 3% annual fall
AA Cars’ analysis of the cost of the most frequently searched for used cars on its site found that prices suddenly went into reverse in the final quarter of last year. The 3.3% fall in prices in Q4 followed an annual increase of 3.4% the previous quarter. The average price of the most popular second-hand cars was £16,464 during October, November and December, down from £17,021 a year ago. Average prices were £17,218 in the three months prior, during July, August and September.
Vertu teams up with cap hpi to manage risk
Daily Movement Report provides dealership groups with a comprehensive view of the market. It offers supplementary information to cap live product. The vehicle data is compiled using extensive real-world trade and retail data from across the industry, which is analysed by an expert team. Users can review the market by sector, manufacturer, vehicle size and fuel type.
EVs are fastest-selling used cars as tactical registrations could impact used prices
Report shows used BEVs now have a Market Days’ Supply (MDS) of 52 days which is behind petrol cars at 46 days and hybrids at 53 days. Market Days’ Supply is derived from dividing the currently available supply of inventory by the average daily retail sales rate over the past 45 days. The UK continues to have the lowest EV MDS in Europe, well ahead of the European average of 85 days.