SUVs and smaller family hatchbacks dominate a ranking of Britain’s fastest selling second hand cars, according to research by AA Cars,. The data reveals that Volkswagen’s Polo is the fastest selling car of the year so far, being advertised for the shortest length of time before being snapped up by eager buyers. Motorists have also been quick to purchase … [Read more...]
New to used gap widens and choices expand
As used car sales surge, the gap between demand for used and new vehicles gets ever starker, said Seán Kemple, Director of Sales at Close Brothers Motor Finance. Consumers shifting to cheaper cars due to the economic uncertainty caused by Brexit and the global slowdown is certainly a factor. But, so too is the challenge in supplying customers the … [Read more...]
Newslines 17 May
About 42% of Cardiff commuters admit to being stressed by their journeys and the Welsh capital ranks eighth in the list of the UK’s top ten worst cities. The poll for property company Good Move put York and London at the top of the stress list with 51% of drivers affected. New info-tainment systems are proving a headache for owners of the latest cars with … [Read more...]
Newslines 13 May
Easter’s good weather was bad news for the motor trade. Used dealers told Cazana that garden and other leisure pursuits took precedence over car purchases. Cardigan and Crymych are among the cheapest UK places to refuel with diesel, and Cwmbran is in the top ten for petrol. Petrolprices.com surveyed Britain to find the best places to top-up after … [Read more...]
More owners turning to used models instead of new
Buyers are turning their backs on new cars in favour of used models, says a leading finance house. Brexit, a global slowdown, and confusion over fuel type have caused 2.4 million drivers to think twice about buying new car. The findings from a new report published today by Close Brothers Motor Finance found, in the past year, the proportion … [Read more...]
Tradelines 13 March
More than a quarter (27%) of motorists will be considering changing their car, despite current economic uncertainty, says Sainsbury’s Bank. It's study found car buyers are planning to spend an average of £11,280 in 2019 and the top three reasons for investing in a new car include having a more environmentally-friendly vehicle (39%), being cheaper to run … [Read more...]
Technology’s ticking time-bomb in trade
A new technology time-bomb is ticking in the used car trade. Rapidly changing vehicle technology means that the remarketing sector is going to have to undergo an unprecedented period of upskilling over the next decade, says the Vehicle Remarketing Association. The organisation – which represent companies that handle, sell, inspect, transport or manage … [Read more...]
cap hpi reveal the fastest selling used cars
Used car valuations experts HPI analysed hundreds of thousands of used car adverts to create a tool that reveals how long it takes to sell a particular model in a local area. The data covers no fewer than 100 towns and cities around the UK and 551 car makes and models. From Truro to Aberdeen and Belfast to Norwich, if you want to know what the five most … [Read more...]
Used prices rising as new cars stall
Nearly new car prices are escalating in the wake of a shortage of new cars due to tougher emissions tests in factories. Prices in the used vehicle sector are being artificially inflated post-WLTP as competition hots up amongst buyers for nearly new and ex-fleet stock according to Shoreham Vehicle Auctions. And they are likely to stay this way until … [Read more...]
Trade prices rising on shortages
Trade prices for good quality used cars have reached a level where it is almost impossible for many dealers to make a profit on the windscreen price and they are instead relying on returns from their F&I department, says the Vehicle Remarketing Association. The organisation says that demand in the used sector for almost all kinds of stock is at levels … [Read more...]
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