The used car market toughened up markedly in October and November, with consumer demand declining. For once, the term ‘Christmas has come early’ was not a positive statement, with demand at many...
Read moreThe summer months have been a relatively tricky period for used car retail. June and July are best described as ‘mixed’, while August saw a more consistent pattern as the market toughened up for...
Read moreUsed car specialists have called for government support for second-hand electric vehicles following price drops and retailer buying bans. The Vehicle Remarketing Association (VRA) claimed there was an...
Read moreIt has been a fascinating first few weeks of 2023 for the used car market, a time when the overall market has been strong, with values strengthening for many internal combustion engine cars, but with...
Read moreEconomists continue to debate how long the recession will be, and how deep or shallow, but past experience shows that recessions do not have a significant impact on used car values, with Cap HPI head...
Read moreWith used car supply and demand both constrained this summer, it is unsurprising that we have seen Live values plateau since May. This August, Live values have dropped by just 0.3% on average at the...
Read moreYear-to-date, 2022 has already seen a number of different patterns materialise in the used car market. January and February saw steady demand and a plateauing of trade values, following drops at the...
Read moreIt is well documented that 2021 saw unprecedented price increases for used cars, driven by constrained supply due to new car semiconductor issues and strong demand from consumers. There was pent-up...
Read moreAfter eight months of price increases, we finally saw prices reduce during November. At the 3-year, 60k mile point, average values dropped by 1.2%, equivalent to a fall of £235. There are a number of...
Read moreThe last six months have been unprecedented for the used car market. Since car showrooms reopened on 12 April, demand has been strong and supply issues have been weighing heavily on the industry....
Read moreWhat a period this has been for used car values. Since Cap Live was introduced in 2012, the largest movement up during a single month before this year was a 1% increase in February 2018 – generally,...
Read moreWith Lockdown 3 entering its second month in February, there were obvious challenges for the used car sector. Showrooms remained physically closed and test drives were a grey area legally. The...
Read moreAnalysts 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...
Read moreLOOKERS SEEKING EXTRA INTERNAL AUDITORS PPI CLAIMS FIRMS NOW TARGETING AUTO RETAILERS USED CAR PRICES: UP OR DOWN? LIPSCOMB OPENS, ARNOLD CLARK CLOSURE? VROOM DOUBLES AFTER IPO HOLDEN AND...
Read moreAuto retail executives and sales platforms are reporting a rise in activity and vehicle sales following PM Boris Johnson’s confirmation showrooms should be able to reopen from 1 June. Vertu’s...
Read moreINDUSTRY REPORTS GREEN SHOOTS £1.3bn CARGIANT LEADS AUTO RETAIL RICH LIST BLACKROCK DECREASES INCHCAPE INVESTMENT CLELAND GOES VIRAL WITH COVID-FRIENDLY HANDOVER DEMO VOLVO SUBSCRIPTION...
Read moreThe used market got off to a strong start in 2020 with both the trade and wholesale markets performing well in January and February. The wholesale markets returned high results in terms of cap...
Read moreVANTAGE SELLS FOUR DEALERSHIPS VAUXHALL FIRST WITH USED EV BATTERY CERTIFICATE FLOOD-HIT RETAILERS RECEIVE INDUSTRY SUPPORT SPECIALIST CARS OF MALTON CEASES TRADING FORD SEEKS $1M DAMAGES FOR FLIPPED...
Read moreRetailers could be forced to display a battery condition report when selling used EVs, according to experts at the VRA conference. For full electric cars, the amount of life left (ability to store...
Read moreCAZOO TO GO LIVE THIS WEEK BATTERY LIFE REPORT CALL FOR EVS ARNOLD CLARK ‘TOP 25 EMPLOYER’ INCHCAPE JLR DERBY TO OPEN SOON WORLD NEWS – Audi, Daimler cut jobs STOCKWATCH – Motorpoint...
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