Covid-19 is set to transform the used car market, with more vehicles being sold online at the expense of physical sales.
Prices of used hybrids and electric cars reached a record level in Q4 2019 according to the latest used car report from Autorola.
Andy Shields has been appointed by Autorola Group to lead Indicata’s used vehicle pricing and marketing division as business unit director.
Autorola and Sofico will work together to integrate Indicata's real-time data into its Miles solution.
Petrol engines dominated the list of the fastest-selling used cars for April accounting for 70% of the top 10 compiled by Indicata, part of Autorola UK.
Used diesel car prices increased again in Q1 2019 to £13,226, the highest level since it launched its quarterly used car prices report in 2015.
The Ford Ka was the fastest-selling used car in the UK last year, taking an average 32 days for dealers to sell, according to Indicata UK.
Average used petrol prices rose 15.5% and by nearly £1,400 to £10,370 during 2018 according to an analysis of used cars sold online by Autorola UK.
Skoda UK has announced it is adopting the Indicata online used vehicle management system from Autorola UK.
The average prices of used diesel cars sold through the Autorola online portal rose 6.1% to £11,839 in Q2 as volume fell.
The average value of used cars rose by an average of 5.3% during the first quarter of 2018, according to Autorola UK’s online portal.
The average price of used cars sold through Autorola UK’s online remarketing portal fell by £394 in Q2 2017 to £9,237 after its record breaking Q1 figures of £9,621.
Arval and Autorola have joined forces to run weekly online used auctions.
The average price of used cars sold through Autorola UK’s online remarketing portal fell in Q4 to £8,983 on the back of a higher average age and mileage.
The average price of used cars sold through Autorola UK’s online remarketing portal increased to a 2016-year high in Q3 to £9,211.
Autorola UK says the spike in trading caused by a new plate change now typically takes 10 weeks before settling back down to normal.
Average prices of used cars sold via Autorola UK’s online remarketing portal last year were as consistent as the brand has seen in the past 10 years.
The second-hand commercial vehicle industry is now global thanks to the entrepreneurial spirit of used buyers, according to Autorola.
Autorola UK experienced a 39% (£3,220) increase in the average price of the thousands of light commercials it sold via its online portal in 2014.
Jon Mitchell, UK sales director at Autorola, investigates the growth of online auction platforms.
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