Cap HPI has acted on its predictions that automotive will be transformed by data usage over the next five years by driving new innovations from its newly-launched Innovation Hub.
An increase in wholesale stock availability and slowing demand has resulted in a seasonal used car price slump in November, according to industry data analysts Cap HPI.
BCA’s has seen used car prices rise to a new record high in October, with values rising 2.7% to £9,364.
The average price of a used car increased 6% year-on-year in October, according to data published by Auto Trader.
Used car prices dipped by 1.2% as the second half of October showed ‘significant signs of a weakening market’, according to Cap HPI.
Manheim’s average used car price rose by 16% in September as Cox Automotive’s wholesale and retail businesses ride a wave of “higher quality and of lower mileage” stock.
Used car prices rose to their highest ever monthly average price at BCA-operated sales during September – reaching £9,117.
Used car prices increased by 5% as diesel vehicle prices rose 2% in September, according to the latest data from the Auto Trader Retail Price Index.
Diesel remains “the right fuel choice for a significant number of drivers” with recovering used car prices suggesting that consumers are starting to make their own judgements of the fuel, according to Cap HPI.
Average used car selling prices saw a 7.5% increase at auction in August as retailers looked to fill their forecourts for September, the National Association of Motor Auctions (NAMA) has revealed.
Autorola Group has launched its Indicata business intelligence and insight software platform for used vehicle management in the UK.
BCA's monthly Pulse report stated that there were "no surprises" during JUne as the average price of a used car fell by just 0.74%.
Used values remained stable in March as strong demand continued to characterise the market.
New data from CarGurus has highlighted Liverpool as the cheapest place to buy a used car as it created a ranking of the most affordable and most expensive cities across the UK.
An all-electric car made the top ten of Auto Trader’s fastest selling used cars for the first time as the Vauxhall Zafira topped the charts for January.
Used car prices rose in the wholesale and retail markets in December.
Average used car values declined by 1.6% at three years 60,000 miles in December, a figure that compares to the same point last year, where prices moved downward by 1.8%.
Average values stalled in November as rising volumes of cars put pressure on lower quality stock, creating “a two-tier market as volumes climb”, according to the latest BCA Pulse report.
Record values achieved across the used market during a busy September look set to be replaced by "softeneing" demand in October, according to BCA Pulse.
Demand for used cars throughout September has underpinned a stronger than normal market, with overall price reductions at three years 60,000 miles of only 0.2%, says Cap HPI.
