Lower asking prices helped drive used car sales last month with vehicles averaging just 35 days on physical and virtual forecourts
The BMW 1 Series was one of the most desirable used cars in March, according to new auction data from Aston Barclay.
The Seat Leon has emerged as the UK’s fastest-selling used car, taking an average of just 10 days to leave retailers’ forecourts
MINI’s iconic hatchback has appeared in Dealer Auction’s Retail Margin Monitor top 10 models for the first time.
The Toyota Yaris ranked as the most reliable used car over the last three years, according to the latest figures released by Warrantywise.
Healthy retail demand and strong auction conversion rates are characterising a stable used car market, according to experts at cap hpi.
Online car dealer Cazoo is beginning to sell off its used car stock, transporters and customer care centres as it has announced it will switch to a new business model as a car marketplace, competing with rivals such as Auto Trader, eBay Motors and AA Cars.
Almost half of motorists (46%) could soon be eyeing a used car following substantial price falls, according to Startline's latest monthly Used Car Tracker.
The volume of stock handled by Manheim Auction Services during January was up 24% year-on-year, with the number of active buyers increasing by 12%.
Almost half of dealers (48%) are planning to use social media as a key used car marketing tool this year, according to new research.
Superminis led the UK’s overall used car market growth of 5.1% in 2023, according to the latest figures from the SMMT.
Used EVs are now becoming a viable alternative to new models with sub £20,000 electric stock accounting for 25% of the market
Monthly figures from the Finance & Leasing Association (FLA) show that new consumer car finance business volume fell 7% in November compared to 2022.
Used car quality is improving with new research indicating a sharp month-on-month rise in dealer opinion.
January is seeing a relative stabilisation of used car values following a difficult last quarter for the market, according to cap hpi experts.
The Ford Kuga was the fastest-selling used car last year, taking on average just 13 days to shift off retailers’ forecourts, twice as quickly as the average.
Land Rover products dominated 2023 for the third year running, while other premium makes continued to deliver strong returns, according to Dealer Auction.
Consumer demand is robust, and cars are selling quickly, which combined with the slow return in supply, means retail prices continue to show more resilience.
Used EV prices made a comeback during the last quarter of 2023, according to online marketplace Autorola.
BMW is the marque listed most frequently, with a total of 14,731 listings via Carwow’s auction platform between January and November 2023.
