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...]
