Used car sales have slipped back, said analyst Cazana's Director of Insight, Rupert Pontin. The car market in June 2021 has so far proven to be extremely exciting, and last week was no exception as both new and used car sales had another week of varied activity levels. - Used Car Sales Down -17.5% Week on Week - Cazana Used Car Retail … [Read more...]
Potential potholes for planning ahead
The impact of the coronavirus crisis and potential effects of Brexit are making planning beyond the short term almost impossible in the remarketing sector. So reports the Vehicle Remarketing Association (VRA), which points out that the currently booming market is arguably obscuring the potential dangers that lie ahead. Chair Sam Watkins said, “As has been … [Read more...]
New car sales rise in hoped for lift to market
Pent up demand after lockdown eased is thought to have driven a rise in new car registrations last month. Figures from the Society for Motor Manufacturers and Traders due to be released later this morning are expected to show an 11% rise compared with the same month in 2019. December saw the last increase but it was a blip after a year of decline. The new … [Read more...]
Auction slowdown expected as normal
Supplies of used models will go down over the next few months as dealers traditionally hold off putting them in auctions. “Half of respondents in this month’s NAMA survey are expecting volumes to fall over the coming month. Volumes of vehicles arriving at auction centres generally reduce towards the end of the year, and this year appears to be no … [Read more...]
Used car sales steady after new cars collapse
Britain’s used car market remained near recent record highs in the third quarter of 2018, according to the Society of Motor Manufacturers and Traders. Despite a sales dip of -2.1% compared with the same period in 2017, there were 2,057,457 used transactions in Q3, with August the quarter’s best-selling month and the Ford Fiesta was most popular with … [Read more...]
Electric vehicle used-values rocket 41%
The first quarter of 2018 has seen the value of used cars rise by an average of 5.3%, according to the latest analysis of vehicles sold on Autorola UK’s online portal. Autorola saw prices rise to £10,008 during Q1 from £9,504 in the last quarter of 2017. Highlights of the first quarter trading in 2018 include a 41% increase in the average selling … [Read more...]
Brakes still going on used-car sales, reports SMMT
The UK’s used car market declined for a second consecutive quarter in Q3, according to the Society of Motor Manufacturers and Traders. But overall, 2017 remains level with 2,102,078 second hand cars changing hands from July to September, representing a fall of -2.1%. Year-to-date, the market remained at record levels after a bumper first quarter, with … [Read more...]
Ford dominate record used car sales in UK
Ford has led the used car market to a strong start in 2017 with a record number of vehicles sold in the UK in the first quarter, said the Society of Motor Manufacturers and Traders. It reported 2,133,956 used cars changed hands in the first three months of the year, 3.4% more than in 2016 resulting in the biggest-ever volume seen in Q1 and reflecting the … [Read more...]
Record used sales recorded in 2016
Demand remained strong throughout 2016 to drive record used volumes according to automotive data experts, cap hpi. The market is expected to have exceed 7.7m vehicles in 2016, beating last year's figure of 7.2m and the previous 2004 record of 7,731,609 vehicles. The announcement follows good news for the new car market, which according to the SMMT, hit … [Read more...]
Web-sales and auctions are changing market
New disposal routes to market are helping to maintain values as the number of used cars available continues to grow, reports epyx. The company says that online platforms such as its own 1link Disposal Network – which has seen a 65% year-on-year increase in the numbers of vehicles sold - are helping to take the pressure off traditional disposal channels … [Read more...]
