Will The Used Car Price Bubble Pop?
‘Your car loses its value as soon as you drive it out of the showroom’. Not any more… The meteoric rise of used cars have reached such heights that nearly all used cars are now the same price as new ones. Where do we go from here? Whatever their previous opinion on used cars, if Continue Reading…
Used Car Prices Continue To Boom
Second-hand car prices have now reached the highest point since April 2009. Demand is even stronger than a year ago when showrooms first reopened, with experts wondering when the boom will end? This is a welcome surprise and a much-needed uptick for an industry that’s been severely affected by the pandemic. Car dealer‘s figures show Continue Reading…
The Worst Depreciating Cars Of 2020
It’s easy to overlook depreciation when considering a car purchasers buying process. Running costs like fuel consumption, servicing and road tax are important factors to consider. However, they rarely add up to as much as the amount a new car loses in value over the first couple of years of ownership. For used car dealers Continue Reading…
Used Car Prices Keep Rising, As Car Manufacturers Hold Their Breath
The first lockdown brought the shutters down on car showrooms across the UK. Ever since something strange has been happening. Used cars are flying out of lots. Dealers that were used to selling two or three used cars for each new car are now selling seven or eight. People are going online to buy cars Continue Reading…
Cars over Fish – UK Motor Trade Wins in Brexit Battle
Extraordinary revelations from a first-hand source have revealed details of how the final Brexit negotiations unfolded. The UK Motor Trade played a central part in the drama. Ultimately the deal came down to a tug of war between cars and fish. Prime Minister Johnson was attempting to retain sovereignty over fish in UK waters whilst Continue Reading…
Used Car Prices On the Rise – But For How Long?
Vehicle value and data experts Cap HPI have reported that used car values have risen every single month since April. September continued the trend that began during the Coronavirus Lockdown, seeing benchmark values based on a three-year old vehicle (or 60,000 miles) increase by 0.4 % the equivalent to £65. Head of Valuations at Cap Continue Reading…
Used Car Prices to Remain High For Months
The UK’s largest automotive marketplace for buying and selling new and used cars announced the biggest ever increase in used car prices in August. And promisingly their data experts believe that the prices will remain high in the coming months as consumer demand is incredibly strong. Retail Price Index findings published by the online market Continue Reading…
Price Volatility in the Used Car Industry After Lockdown
How is the Lockdown Affecting Used Car Prices? With the government announcement that car dealerships may be allowed to reopen from the first of June (provided government public health measures are met), there is much speculation in the industry about what this will mean for the used car sector. In an already volatile market (CAP Continue Reading…
TfL Accused of Bias Towards the Black Cab Trade
Following TfL’s decision that Private Hire Vehicles (PHVs) will no longer be exempt from paying the weekday congestion charge for driving in Central London, an emergency meeting was called by the London Private Hire Car Association (LPHCA) on the 6th February 2019. While the headline topic surrounded Congestion Charging for PHVs, the meeting also covered Continue Reading…
Road Revolution as London Ban Petrol and Diesel Cars THIS YEAR
If motorists believed that the implementation of The Ultra-Low Emissions Zone (ULEZ) and the Clear Air Zone (CAZ) wouldn’t cause a diversion in their journeys, the City of London have gone one step further with a trial that bans petrol and diesel cars, a shakeup that could leave many with nowhere to turn. The City of Continue Reading…