Tag Archives: used car prices

The most affordable averages used car prices in April in the UK were recorded in Wales, according to MOTORS Market View. MOTORS’ first top 10 analysis identifying average used car prices trends by region, found that the average price in Wales was £14,519 which is £2,306 below national average. Wales experienced the biggest year-on-year drop in values, down 12% from ...

Volkswagen Group’s financial results reveal its Financial Services Division’s operating profit fell a third below the previous year’s profit due to the normalisation of used car prices. Although the division contributed €3.8 billion to the Group result, used car values impacted profit. In 2021 and 2022 the residual values of used cars rose as a result of semiconductor-related shortages of ...

Amidst an uptick in consumer demand, AutoTrader shares data revealing the used cars experiencing price growth and the used cars experiencing price contractions. The data, based on cars of all fuel types, draws comparison between prices from February 2023 and February 2024. Richard Walker, data and insights director at AutoTrader, said: “February was another positive month for the used car ...

Strong levels of demand in the wholesale market continue to drive average used car prices to record highs. The average used car sold for £9,513 at BCA in July, a 3.6% increase over June’s average figure – itself a record value at the time – and nearly £1,000 (11.7%) ahead of the same month in 2020.    BCA said it ...

Data released by Cox Automotive showed a stable trade and consumer market in November. Cox’s said its wholesale division was on course for a positive end to the year with year-on-year results that put its overall performance on par with 2016. In November, its trade-to-trade online auction platform Dealer Auction reported a 7.4% year-on-year increase in the number of vehicles ...

Average monthly used car prices dipped in November for the first time in eight months, according to the Auto Trader Retail Price Index. According to the research the average price of a used car in November was £12,589, a fall of £50 since October. However Auto Trader said prices are 6% higher than last year on a like-for-like basis,  stripping ...

Slowing retail demand and an increase in wholesale stock availability pushed used car values down by 2% in November, at three years/ 60,000 miles, according to cap hpi. Average values at both six months 5,000 miles and 12 months 10,000 fell by 2.1% which is a higher rate than seen in the same period of 2016 where the downward movements ...

Former Glass’s director Rupert Pontin has joined Cazana as director of valuations. Cazana was launched in 2013 as a consumer facing search engine for used vehicles on sale in the UK. It currently lists more than 600,000 vehicles for sale, including their ownership history. “I have joined Cazana at a very exciting time as it continues to grow its presence ...

High consumer demand pushed used values in the city car sector up by 1.3% in August for vehicles at the three years and 60,000-mile mark. According to cap hpi the Skoda Citygo (12- ) and Hyundai i10 (14- ) saw increases of 3%, Toyota iQ (09-15) rose 2.9% and Peugeot 108 (14- ) increased 2.1 %. “The city car sector ...

Increased stock levels and a seasonal dip in demand saw average used  car values at three years/60,000 miles dip 1.5%, according to cap hpi. The decline is not as sharp as last year which saw a drop of 1.9% against an average downward movement from 2013 of 1.7%. “This was a stronger result than most would have perhaps expected. It ...