With new car registrations being released on 1st September, many motorists typically see an opportunity to trade in their car for a brand-new reg. In previous years, this flood of part-exchanges meant that dealerships needed to make room for the additional stock by offering heavy discounts on their older used cars. And it seems used car buyers are … [Read more...]
Used car market picks up, says Percayso Vehicle Intelligence
The UK’s used car market remained strong in September, with average retail prices for 3-year-old cars climbing by 0.9% (c. £225), despite the industry’s traditional focus on new plate registrations. The latest data from Percayso Vehicle Intelligence reveals a market buoyed by low stock levels, as a result of the shortages of cars at the 3-year age cohort, … [Read more...]
Diesels surge as private motorists snub EVs
The UK new car market rose 1.0% in the key ‘74’ plate change month of September, to 275,239 units, according to the Society of Motor Manufacturers and Traders with private buyers turning to more diesels than pure electric models.. In what is traditionally a bumper month for new car registrations, second only to March, the performance was the best since … [Read more...]
