Top 10 Fastest Selling Used Cars
2021 is officially the year of the used car. Here’s a rundown of the fastest-selling used cars and reasons why prices are still rising in the tail end of pandemic Britain. Just as we thought used cars couldn’t be selling any better, they are doing just that. Used cars sales are now up 16.5 percent. Continue Reading…
What’s the Impact of ULEZ On the Used Car Market?
Sadiq Khan’s ULEZ changes are having a massive impact on motorists across London, is there worse to come? On August 29th 2023, London’s Ultra-Low Emissions Zone (ULEZ) expanded to reach out to the M25. London Mayor, Sadiq Khan’s decision was met with challenges from Conservative councils and concerns from other London councils, primarily centred on Continue Reading…
Used Car Prices May Reach An All-Time Low
The rollercoaster ride for used car prices over recent years continues. Depreciation, the difference between a car’s purchase and resale value, has historically been pretty steady without much need for car owners to regularly review it. However, disruptions such as the semiconductor shortages and supply chain issues during the pandemic saw used car prices spike. Continue Reading…
The 10 Fastest Depreciating Cars of 2023
Depreciation is the difference between the price you pay for a new car and the amount you can recoup when selling it. Some cars hold their value well, while others experience rapid depreciation. We take a look at the the fastest depreciating cars this year. People often joke about cars losing half their value the Continue Reading…
What Not To Buy: The Top 10 Most Unreliable Used Car Brands and Models
That lovely smell of a new car still remains unfamiliar for many in the motor trade. So here are the used cars brands offering the worst bang for your buck, and the least reliability. Here at the plan blog, we’ve closely followed the meteoric rise of used car prices since the pandemic’s start. Unfortunately, due Continue Reading…
Are Used Car Prices Set To Drop Off A Cliff?
Motor traders have been enjoying a golden age of used car prices but are we about to face the fastest crash ever? Over the last two years, used car prices have risen faster than we’ve ever seen before. Those in the motor trade industry are using words like ‘baffling’, ‘insane’ and ‘unprecedented’. In 2019, everyday Continue Reading…
Is The Used Car Market Cooling Down?
Evidence appears to be mounting that used car prices are slowing. After a period of unprecedented rises data suggests that the used car market is at the very least stabilising. But should motor traders be fearing a crash in vehicle values? eBay Motors Group reports that average used car prices fell in March by 1.1%. Continue Reading…
How Do You Price A Used Car?
Looking to off load your used Ferrari for a quick cash injection but not sure what price you should be slapping on it? We answer the all important question – How do you price a used car? This blog is aimed at aspiring car dealers and those that sell the occasional vehicle. Hopefully a little Continue Reading…
Will Used Car Prices Return to Normal?
Derren Martin, director of car valuations CAP HPI believes that the scarcity of new cars being produced could keep used car prices buoyant for years. We analyse the logic behind this prediction as well as having a look at the cars that increased in price the most in the last year. We also squeeze in Continue Reading…
How Has The Used Car Boom Given Birth To Multiple Unicorns?
Many used car dealers are making serious money as ‘like new’ cars are worth nearly as much as new. How have the new, high profile online only “super” used car dealership brands been capitalising on these favourable trading conditions? We are living in strange times for many reasons – and here’s just one – in Continue Reading…