Collapsing EV values and waning confidence in forecast residuals will increasingly force leasing companies to extend contracts and encourage the re-leasing of used EVs in a bid to mitigate losses. All players in the market, from leasing companies and their customers to manufacturers, are feeling the impact as the crisis deepens. That's the prediction from … [Read more...]
Tradelines 10 November
Vauxhall has confirmed pricing and specification for the next Astra. Available for the first time in spring 2022 as a highly efficient Plug-in Hybrid Electric vehicle, prices for the Astra range start from £23,275 but there’s just three trim levels and a pure battery model will join the line up in 2023. The average prices of the 30 most popular used … [Read more...]
Used car prices rising by 57%
The second-hand prices of Britain’s most popular cars have risen by up to 57% in two years, according to AA Cars. Demand for some models is so strong that they are even appreciating with age. For example a three year-old Mini Hatch now costs 57% more than a model of the same age cost in 2019. But a five year-old model currently costs 15% more than a three … [Read more...]
Confusion over emissions tests will hit values
Uncertainty surrounding the new emissions-test system could help to create a degree of unpredictability in the used car market towards the end of this year and into 2019, warns the Vehicle Remarketing Association. The organisation, which represents businesses that together process more than 1.5 million used vehicles every year, says that there are two … [Read more...]
Used dealers face very challenging 2016
It’s going to be a challenging year in the used car market, according to analysts at Cap. Cap is predicting 2016 will be a tough with more used cars entering the market after record levels of new car registrations in 2015. Derren Martin, senior editor at cap Black Book said, “Stability in the market will rest on strong retail demand. The record levels … [Read more...]
