
Used Car Prices Reach Peak Of 2016 Prices
November was the 20th successive month of used vehicle price increase, showing a high 28.6 per cent boost on a year-on-year and like-for-like basis to achieve a mean value of £17,366.

November was the 20th successive month of used vehicle price increase, showing a high 28.6 per cent boost on a year-on-year and like-for-like basis to achieve a mean value of £17,366.

While buying a new or used car, time plays a crucial role. If you need a new set of wheels in a hurry, you might not get a good deal, but if you have time and research well, we have a few tips for you.

It won’t be wrong to say that the UK car market changed drastically this year due to the Covid-19 pandemic. From automakers and dealers, having too many vehicles and not many customers at the start of 2021, to totally opposite in the closing months. It is that kind of a situation!

UK car development plunged by 27 per cent in August – the second successive month of drop, the SMMT has verified.

The average price of Citroen C5 on Auto Trader jumped to £18,263 in the last week of September – a huge 20.8 per cent rise year on year.

A study reveals that high demand, a lack of stock, and reduced new vehicle availability are driving the prices of the used cars up the marketed rates of their latest versions.

“There's not going to be loads of stock coming back in September because of the shortage of semiconductors with new cars and shortage of part-exchanges and fleet returns off the back of that. I think demand will continue to stay strong.”

The magazine asked 16,328 drivers how reliable were their vehicles over the years. For this study, they considered 178 models and 30 UK car brands.

Auto Trader noted 15.8 million visits in the third week of August, an increase of 32% from the same week in 2019, underlining the enhanced public interest in purchasing used vehicles.

According to the statistics, the top ten performing vehicle adverts also consisted of electrified cars, including the zero-emission Mazda MX-30 and Volkswagen ID.3, as well as, the hybrid Toyota Prius+. It shows customer’s likes towards alternative fuel vehicles.