Used car prices: up or down?

17 June 2020

Analysts have responded to a report last week from Cazana suggesting a weekly average downward shift in used car prices of £162 per car.

CAP HPI’s Derren Martin said it was “certainly not what we’re seeing in our data: values are mainly going up,” with an average increase of £150 per car during June.

Auto Trader’s Ian Plummer said retail prices are increasing on the platform, not decreasing. Indicata Europe’s Andrew Shields also said UK used car prices are either stable or increasing.

Inchcape UK CEO James Brearly said “an acute shortage of used cars” is driving prices up.

Join the Auto Retail Live webinar on Thursday 25 June to hear about sourcing and pricing in the used car market. Neil Smith from Imperial Car Supermarket, Rupert Pontin from Cazana and Bex Clark from Auto Trader will answer your questions.

https://bit.ly/2B7BKIl

Tags: Auto Trader, Cap HPI, Cazana, Inchcape, Indicata

Why Subscribe?

As an auto retail executive you need insightful and unique industry intelligence to boost your business potential. Here’s a taste of what Auto Retail Network has to offer:

Get informed and boost your business potential
More than 1,200 fellow executives have joined us since launch
Independent, carefully crafted, unique content relevant to you and your business
Develop a greater awareness of market trends and opportunities
Access to a wide range of materials whenever, wherever and however you want it
Significant discounts on ARN events, reports and other publications

Subscribe now

Latest ARN Blog Post

Testimonials

I’ve found today really exciting. I’ve attended a number of conferences this year and I’ve been surprised by how well attended this was by some of the great players in the industry and by the quality of the speakers. I’d say it was definitely the best event I’ve attended this year.

Chris Penny, Chief of Staff, Vertu Motors plc

I found it very insightful. I’ve taken copious notes and there are lots of things we can take away and do.

Tracy Perryman, Managing Director, Denbury Diesels

I’ve been an Auto Retail Network subscriber since it was first launched. I find Auto Retail Bulletin particularly useful since it gives real, in-depth analysis into the issues facing this industry.

Ken Savage, commercial director, Perrys Group

This is the 3rd time I’ve attended the event & I thought today’s was the best one yet, the content was superb. It really gave us an insight into how we’ve got to take our business forward.

Ian Godbold, ICG Digital

I use Auto Retail Bulletin to keep fully up to speed with what is going on. The analysis is first class and I read it from cover to cover. It really helps my understanding of our industry and is not to be missed.

Robert Forrester, CEO Vertu PLC