Demand for used cars has remained high in October, with strong residual values for ex-fleet vehicles.
Cox Automotive intends to sell its consumer-facing car search business, Motors.co.uk, to eBay for an undisclosed sum.
Arval is offering low-mileage used vehicles through its Re-Lease product for 20% less than an equivalent new model.
Used diesel and ex-fleet prices continue to rise at auction, while prices of hybrids and EVs have reached an all-time high, according to Aston Barclay.
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%.
March is generally a very busy month whether it be in the new or the used car market.
The used car demand has remained strong and as it stands today, despite plenty of rhetoric to the contrary, diesel values demand in the retail market remains good and as such both retail and Cazana remarket values have remained largely robust.
Aston Barclay’s 2017 Market Insights report suggests that used diesel cars are showing no signs of losing their appeal.
Harcus Sinclair say that more than 4,000 used car buyers have registered their interest in the used car mis-selling group action.
Gateshead Council Trading Standards prosecuted Peugeot Citroen Retail UK for an offence under the Consumer Protection from Unfair Trading Regulations 2008.
The outcome of Brexit negotiations is hanging over the economy, creating uncertainty that makes business planning very difficult, says chairman Glenn Sturley.
Internet and ‘experience centres’ planned to sell used cars but UK launch date still not disclosed.
Automotive data experts at Cap HPI expect used car value movements to remain relatively stable for the next five years.
Cap HPI has cited a better than average performance from diesel vehicles for this time of year for the past three months in a row (July – September).
Petrol vehicles values moved up by 0.7% and diesels saw the average values increase of 0.3%.
Strong demand pushed used values in the city car sector up by 1.3% in August for vehicles at the three years and 60,000-mile mark.
UK used car transactions declined in the second quarter of 2017, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
Average used car prices remain strong but quarter four de-fleet activity might put pressure on values.
Sales of second-hand cars could reach record numbers this year due to high demand in the first half of 2017, according to Cap HPI.
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.
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