Double digit increases reported in used car prices in recent months are likely to continue and could go even higher, says the VRA.
The average price of 24-60-month ex-fleet stock falling by 9.5% (£881) in the month to £10,638, according to Aston Barclay.
Average used car values exceeded £8,000 for the third month in a row in August, with sold volumes continuing to rise, up by 3.9% over the month, reports BCA.
The latest from the fleet industry, including Indicata's latest Market Watch insights report, Lightfoot backs National Road Victim Month and Mina Energy partners with Mitie.
Diesel used car prices rise by 31.3% as demand for older vehicles in the used car market outstrips supply.
There are some encouraging signs that the used car market is performing well since lockdown restrictions were lifted.
A new Indicata Market Watch report shows an increase in used car sales for European countries coming out of the coronavirus lockdown.
New analysis from used vehicle pricing specialist Indicata has revealed the potential impact Coronavirus will have on the daily rental and leasing sectors.
Andy Shields has been appointed by Autorola Group to lead Indicata’s used vehicle pricing and marketing division as business unit director.
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.
The fastest selling used car in the UK last month was the Ford EcoSport.
Skoda UK has announced it is adopting the Indicata online used vehicle management system from Autorola UK.
Carbase is the latest business to sign up to the new Indicata real-time online used vehicle management system to ensure competitive pricing.
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