Used electric and hybrid car sales are booming. Figures from the SMMT today show a dramatic increase as the market swells for low emission vehicles now coming onto second-hand sites. Britain’s used car market held strong in 2018’s second quarter, with sales down by a marginal -0.4%, according to figures released today by the Society of Motor … [Read more...]
Newslines 9 July
A high number of ex-pcp sourced cars entering the used market has led to a fall in used prices. It’s not just the volume going on sale but the fact many are diesel and hatchbacks or saloons and not the more desirable petrol powered SUV models say analysts at Cazana. Falling prices, steady low interest rates and slowly improving pay are boosting car … [Read more...]
Slow start to used sales but diesels rise
Britain’s used car market had a slower but relatively solid start to the year, with sales surpassing 2 million in the first three months, said the Society of Motor Manufacturers and Traders. It reported 2,031,661 vehicles changed hands, a -4.8% (-102,295 units) year-on-year decline compared with Q1 2017. Demand for petrol engine cars fell -9.7%, as … [Read more...]
Britons are sensible when it comes to buying cars
Britons buying new cars this March are a sensible bunch. That’s the conclusion of pollsters for a new Opinium survey, who said the buyers mostly diligently research cars before picking one. But the survey also found plenty of people swayed by emotional factors including hearts overruling heads, wanting cars as status symbols, and a car’s colour … [Read more...]
Write-off changes surprise for some
As we enter the peak period for second hand car sales a survey of 100 consumers by vehicle history checker mycarcheck.com found that 89% were unaware of the recent write-off category changes. In October 2017, the old A, B, C and D categories were replaced with new codes, which focus on safety rather than the cost of repair: A (scrap), B (break), S … [Read more...]
Strong used sales continue in Britain
The UK used car market stayed strong in 2017, as 8.1 million vehicles changed hands and buyers turned their backs on new models. The used car market dipped just -1.1% compared with the previous year as more than 8.1 million models changed hands, according to the Society of Motor Manufacturers and Traders. Despite a -5.1% fall in the market in the fourth … [Read more...]
Tradelines 17 January
Leading experts in the hydrogen car market will be speaking at 2018’s first meeting of the Vehicle Remarketing Association. Being held at the Swindon offices of fleet management specialist Arval, the meeting will take a look at developments in hydrogen technology, availability of cars and likely sales, as the town is the centre of the UK’s largest … [Read more...]
Beware of “bargains” as sales slow and prices drop
Holidays are over and forecourts are full of pre-owned cars which have been traded in to get the latest “67” plate. For lots of us, now is the time we think about trading up to a newer model, says Tim Shallcross, IAM RoadSmart head of technical policy. However, today’s high-tech cars can be concealing wallet-crunching problems unknown on previous … [Read more...]
Swansea motorists dearly pay for repairs – What’d you pay?
Swansea is one of the more expensive places to get your car repaired, a survey shows. The average price for repairs in Swansea was £243.13 while Cardiff came in at £213.26. Surprisingly, London does not have the most expensive average price of car repairs in the country, only coming in as the 4th most expensive. The data has been gathered by car … [Read more...]
Personal data dilemma for dealers
Personal data stored in vehicle satnav and phones is going to be a headache for dealers in future. Satnav address records and Bluetooth phone information stored on used cars and vans are set to create a headache for remarketing companies with the arrival of General Data Protection Regulation (GDPR) next year, says the Vehicle Remarketing … [Read more...]
