Rupert Pontin, director of insight at Cazana
BCA has released valuation insight covering the post-lockdown period highlighting that used car values and demand from professional buyers have steadily risen.
Petrol powertrains continue to dominate as the UK’s top-selling used cars during 2019, says a study by Indicata UK, which covered more than 600,000 vehicle sales.
Data experts don’t expect trend to continue after RVs fall steeply over recent months.
Pricing experts at Cap HPI say that average used car values for 3years/60,000 miles models fell by 2% in June.
The board of BCA Marketplace has accepted a £1.9 billion offer from LeasePlan private equity owners TDR Capital, which will now be recommended to shareholders
Sub-standard repair work to used cars is becoming a bigger problem thanks to the rise of personal leasing, says the Vehicle Remarketing Association (VRA).
Demand began increasing for EVs in the second half of 2018 and has continued into 2019, according to Alex Wright, managing director of SVA.
Vehicle auction company recorded an all-time high in vehicle sales, up 11% year-on-year in 2018, making it the firm’s most successful year since its launch in 2010.
Average used car values rose by £275 (2.7%) to a record level of £10,141 in December as a strong month’s trading closed the year at BCA.
Used petrol cars reduced by an average of 1% in October, whereas diesels dropped by 0.3%, with consumers seeing the benefits of the economy and torque in diesel cars.
Uncertainty around WLTP, the new emissions testing regime, could create unpredictability in the used car market, warns the Vehicle Remarketing Association (VRA).
LeasePlan intends to launch its used car proposition, CarNext.com, in Q3 as it looks to maximise value from its ex-lease cars and grow its business.
Zero emission electric cars enjoyed a surge in popularity in the used market, with demand rising 33.8% to 2,927 units, followed by hybrids, which rose 14.1%.
Diesel resale values are expected to remain stable during 2018, despite fears that consumers could be driven towards choosing petrol or electrified alternatives.
The remarketing company says that it will add significantly to the facility’s volume and throughput.
The UK’s used car market fell by just 1.1% compared with the previous year, as more than 8.1 million models changed hands, according to the SMMT.
Average used car values returned to more typical levels in January, after the seasonally affected values recorded during December, according to BCA.
Aston Barclay’s 2017 Market Insights report suggests that used diesel cars are showing no signs of losing their appeal.
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