Tag Archives: used cars

Dealer Auction has launched an all-new retail ready stock source for dealers. This stock is sourced via Dealer Auction’s new overage solution, Make Me an Offer, which allows franchise retailers to automatically list ageing vehicles on the platform while they remain live on Auto Trader. Following the initial pilot phase, there have been over 2,000 retail-ready vehicles listed across Dealer ...

FOW Car Supermarket was celebrating last week the sale of 400,000 cars since its inception 66 years ago. The company has grown from a standing start to a 15-acre hypermarket in Winsford, Cheshire. The 400,000 record was achieved with the sale of a BMW X1 to Michael Shiels, a long-time customer with FOW. Used car supermarket FOW is expanding its ...

Used car guide Parkers has listed the cars that depreciate the most in 12 months and those that depreciate least over the period. The loser list is dominated by electric vehicles with the fiat 500e losing 52% of its value after 12 months. The notional book price new was recorded at £34,140, which fell £17,765 to  £16,375 over the period. ...

Demand for used BEVs continued to rise in 2024, up 57.4% to a record 188,382 units year on year. BEV market share rose 2.5%, up from 1.7% in 2023 and 13 times larger than back in 2019, according to figures from the Society of Motor Manufacturers and Traders (SMMT). Sales of plug-in hybrids (PHEVs) and hybrids (HEVs) also grew, up ...

Used car buyer confidence is at its lowest level for six months with consumers expressing concern about the economy. The percentage of motorists who are positive about the idea of buying a used car has fallen from 59% in August to 48% now, shows February’s Startline Used Car Tracker. Those who feel neutral about changing their car have increased from ...

Car supermarkets and franchised dealers saw vehicles sitting longer on forecourts according to the latest Market View from MOTORS. For these dealers, the year got off to a slower start than in 2024 with the sold conversion rate down 11% and 13% respectively, while independents increased their sales by 1%. Overall January’s sales volumes were down 4% year-on-year (YoY). The ...

Retail prices of used BEVs showed “signs of recovery” in early 2025 according to the latest INDICATA Market Watch report. It said prices rose by 0.7% between the end of November 2024 and early January 2025, fuelled by price parity on many BEVs and ICE cars. It added that used car price parity is important as it gives dealers more ...

London and the south-east experienced the biggest drops in average used car prices in November. The falls were part of a wider trend which saw price corrections across the UK. Motors’ November Market View shows London prices dropped 4.3% month-on-month (MoM) from £24,043 to £23,014. Although the capital remained the most expensive place to buy used cars, significantly higher than ...

A third of dealers now believe electric cars look much better value falling dramatic falls in values throughout 2023. Used EV values have fallen 58% over a 21-month period and now look a more attractive option for buyers. The October Startline Used Car Tracker showed that 32% think used electric cars now look like much better value, 27% that buyer ...

Overall buying activity in the used car market was strong in September, according to Motors. The fastest sales were achieved by franchised dealers (19 days), followed by car supermarkets (20 days) and independents (53 days). Online views across the Motors platform increased by 10% MoM, a new high for 2024 and a 12% increase YoY.  Most views were for used cars ...