Auto Trader launched today a new industry EV Hub to enable retailers to keep track of the electric vehicle market, It will include the latest used EV retail pricing data and speed of sale, as well as new and used levels of EV supply and demand. According to Auto Trader the hub will provide retailers with the latest EV related ...
Read More »BLOG The new car market has reached a pivot point
The headline figures are positive, but with sales growth being fuelled almost exclusively by various fleet channels in recent months, a quick look under the bonnet reveals the new car market has reached a pivot point. After years of heavily constrained new car supply struggling to keep pace with consumer appetite, for the first time since the pandemic we’re seeing ...
Read More »Older used cars worth more than ever before in “nuanced market”
Used car values have eased from a like-for-like increase of 2.8% year-on-year (YoY) in July, to 1.5% in August. According to the latest data from Auto Trader’s Retail Price Index, prices have also softened on a month-on-month (MoM) basis, by just -0.1%. However, Auto Trader said that these headline figures mask an “exceptionally nuanced market”, with a significant disparity between ...
Read More »Used car market continues growth as average prices increase again
Used car prices registered their 40th successive month of year-on-year growth in July. Prices rose 2.4% to £17,920 according to the latest data from the Auto Trader Retail Price Index. While the pace slowed compared to June’s 3.2%, the latest price increase now leaves the average second-hand car more than £4,000 dearer than April 2020. Supply constraints are impacting 3–5-year-old ...
Read More »Mayor of London confirms ULEZ expansion and widens scrappage scheme
The Mayor of London, Sadiq Khan, has confirmed the expansion of the ULEZ London-wide. However, the Mayor has also announced that to make the transition easier the scrappage scheme will be widened to every Londoner affected by ULEZ. This means from Monday, 21 August, every Londoner with a non ULEZ-compliant car will be eligible for a £2,000 grant, small businesses ...
Read More »High demand for older cars sees values surge 9%
The average retail value of a used car aged over 15 years old shot up 8.7% in July year on year to £5,805. It was a peak in an otherwise static market. The growth of used car retail values softened slightly this month, from an increase of 3.2% year-on-year (YoY) in June, to 2.8% in July (up to 20th). On ...
Read More »Interest in new electric cars “well below” last summer
Online classified platform Auto Trader said yesterday that interest in new electric vehicles is well down on last summer. The group showed internal data in the lead up to June showing the extent of decline in interest over the past year. Interest was at its height in July 2022 before falling to a low in March this year. It has ...
Read More »Dealers recognised for ‘exceptional’ customer service
Auto Trader is helping retailers showcase exceptional customer service this week, with the launch of its Auto Trader Highly Rated 2023. Dealers who have been consistently recognised by their customers as providing an outstanding experience by rating them highly on Auto Trader will receive “Highly Rated” promotional materials, including stickers and digital logos to promote their excellence across their physical ...
Read More »BMW tops Auto Trader best selling manufacturer charts
BMW is the best-selling car brand in the UK, according to Auto Trader. Specifically, the BMW 3 series is the BMW model that the UK wants to buy the most, along with the Volkswagen Golf, and the Mercedes-Benz C-Class. Erin Baker, editorial director at Auto Trader said: “We have so much insight into automotive sales trends within the UK, with ...
Read More »‘Cheaper deals and bigger carmaker ad spend’ drive EV sales in June
An increasing in advertising and cut price deals helped drive sales of new EVs in June. That’s the view of Auto Trader commercial director Ian Plummer commenting on the June sales figures from the Society of Motor Manufacturers & Traders. “Our figures show the electric share of the new car market enjoyed a much-needed boost in June – taking 15% ...
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