The average price of a used diesel car fell by 10.3% between Q1 2017 and Q4 2018. Diesel car values dropped 5% through 2017, on the back of consistent negative news about the fuel, and new data shows that slump continued through 2018 at a near-identical rate. The analysis from car buying comparison website Motorway.co.uk also shows equivalent used … [Read more...]
Finance News
Dealers doubts over stocking pile up
Findings from the Close Brothers Motor Finance’s Dealer Satisfaction Survey reveal 95% are confident about business prospects in the market for 2019, up from 93% last year. Of these, six in ten (60%) are ‘very confident’ about the business outlook for the year ahead. However, while the broad picture is one of confidence, there were some issues that … [Read more...]
Luxury cars escape the crusher, but only just
Nearly £122M of uninsured vehicles were saved from potentially being crushed in 2018 - the highest it’s been for ten years - including supercars such as Lamborghinis, Ferraris, Bentleys and Aston Martins. High-value vehicles that had been confiscated from uninsured drivers were among those saved from being auctioned or scrapped last year, according to the … [Read more...]
Diesel shortages beginning to show, prices rising
New diesel car sales are falling so quickly that there could be shortages of them on the used market in the near future, says the Vehicle Remarketing Association. The organisation – which represent companies that handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year – says that while new car diesel demand has plummeted, … [Read more...]
SUVs to seriously consider this year
It is supposed to be the bleakest day of the year after the holiday break and bills start to arrive, but Data company HPI has compiled a select list of used compact SUVs which could lead to happy motoring in 2019. Senior valuations editor Mark Bulmer has identified five SUVs that perform well and also represent excellent value for money, making them a … [Read more...]
EVs & hybrids used propositions explained
The increasing numbers of electric and hybrid vehicles making their way onto the used market will be the focus of the first Vehicle Remarketing Association meeting of 2019, taking place on 23 January at Fleet Auction Group, Coalville. Key presentations will include Ian Featherstone of the Energy Saving Trust on background drivers for EV and hybrid … [Read more...]
Resolve to check out new car deals with care
The new year is finally here and for a lot of us that means a fresh start; a new job, an expensive gym membership or the tempting thought of buying a new or used car. However, today’s high-tech cars can be concealing unknown wallet-crunching problems. Fortunately, you don’t need a degree in electronics or a mobile diagnostic machine. Just follow our … [Read more...]
Lean and green drive car buyers choices, says report
Environmental factors have become the second most important consideration to prospective car buyers behind only price, according to figures from comparethemarket.com in its latest Premium Drivers report. The new figures show that 25% of people consider environmental impacts, such as fuel, carbon efficiency and alternative fuel, as the most important … [Read more...]
cap hpi reveal the fastest selling used cars
Used car valuations experts HPI analysed hundreds of thousands of used car adverts to create a tool that reveals how long it takes to sell a particular model in a local area. The data covers no fewer than 100 towns and cities around the UK and 551 car makes and models. From Truro to Aberdeen and Belfast to Norwich, if you want to know what the five most … [Read more...]
Welsh car sales held up well in 2018
New car sales in Wales last year did better than most other parts of Britain, show figures from the Society of Motor Manufacturers and Traders, writes Robin Roberts. Twelve months saw 79,936 new cars registered in Wales - led by Ford - compared to 82,753 in 2017, a 3.4% dip and only Northern Ireland faired better with 3.35% decline on a smaller total of … [Read more...]
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