Britain's used electric vehicle market is showing clear signs of picking up. After years of prices falling, consumer demand for used EVs has grown this summer, with used prices having posted three consecutive months of annual growth in Autotrader’s records. However, industry leaders warn that there is more to do before the used market can support the next … [Read more...]
Newslines 31 July
BYD, the world’s leading manufacturer of New Energy Vehicles or plug-in hybrid and fully electric, has passed the significant milestone of 100,000 new car registrations in the UK. This feat is particularly significant given that BYD sales only commenced with the ATTO 3 in March 2023. Since that time, the range has expanded from one model to ten. Aston … [Read more...]
Hunt for used car bargains this September – Vertu
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...]
Silence is golden and saves you money, say Vertu
You've checked the mileage, scanned the bodywork, and flicked through the service history, the car looks right on paper, but according to the technicians who inspect these cars every day, that's where most buyers stop – and exactly where problems could hide. A survey of 55 dealership technicians, master technicians, and aftersales managers across Vertu’s UK … [Read more...]
Golden oldies beating depreciation trend
While the average UK car loses value each year regardless of use, new analysis from Carwow reveals that certain models are bucking the trend—selling for significantly more than their estimated worth due to strong demand. Depreciation remains the highest cost of car ownership, averaging £3,851 per year (around 9.17% annually), with overall costs such as tax … [Read more...]
Self-driving cars on second-hand market inside decade
Two-thirds of used car dealers (66%) believe there will be a high level of demand for used self-driving cars by the mid-2030s. April’s Startline Used Car Tracker shows 54% say that if the technology is proven safe, people will buy it, while 36% point out that several manufacturers are planning to fit it to their cars soon. Also, 30% think autonomy will … [Read more...]
Privacy standard being worked on
An industry-wide initiative to strengthen data deletion practices in the used car and van sector is being backed by the Vehicle Remarketing Association. The new Data Deletion and Privacy Protection Certificate has been launched by the National Association of Motor Auctions (NAMA) and developed with input from auction operators, compliance experts, and … [Read more...]
Car buyers need economy confidence boost, says Startline
Higher consumer confidence would be the biggest potential boost for the used car sector in 2026, say almost six out of 10 dealers (57%). December’s Startline Used Car Tracker also shows 52% want improved motor finance availability, 50% would like to see a general improvement in economic conditions and 45% hope for better stock supply. Other factors … [Read more...]
New car sales vital for economy, says SMMT
Growth in the used car market is good news given it is where most drivers buy their next vehicle – but their choice ultimately depends on thriving new car demand. SMMT’s latest data is positive all round, therefore, showing more than two million used cars changed hands between July and September – representing the highest Q3 volume since 2021 with BEV … [Read more...]
Used buyers’ priorities revealed by Uswitch
With over four million second-hand cars sold in the UK so far this year and new-plate part exchanges now being prepared, car insurance experts at Uswitch have examined the used car market to understand what buyers prioritise the most. The research reveals motorists’ biggest deterrents, factors that would persuade them to spend beyond budget and the maximum … [Read more...]
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