London and the south-east lead November’s used car price corrections, reports MOTORS
London and the south-east experienced the biggest drops in average used car prices in November as part of a wider trend which saw price corrections across the UK. MOTORS’ November Market View shows London prices dropped 4.3% month-on-month (MoM) from £24,043 to £23,014. Although the capital remained the most expensive place to buy used cars, […]
Supermarkets focus on profitability in November with increased stocks of sub two-year-old cars, finds MOTORS Market View
Car supermarkets sought out greater profitability opportunities in November by sourcing higher volumes of younger vehicles, according to MOTORS’s Market View. For the second month in a row supermarkets increased their inventories, averaging 214 units in November, a new high for the year, up from 200 in October and moving closer to last November’s total […]
Hybrids and EVs take their highest share of used car market in October, reports MOTORS’ Market View
The share of alternatively fuelled cars stocked by dealers hit a new high in October as the MG3 hybrid became the fastest selling used car averaging just eight days on forecourts, according to MOTORS’ latest Market View. Hybrids and electric vehicles (EVs) accounted for 14% of cars advertised by dealers, up from just 10% 12 […]
Car buyer confidence mostly positive following Autumn Budget
Despite the wide ranging announcements covering £40bn of tax rises announced in the Autumn Budget, most consumers say their car buying plans remain unchanged, according to the latest consumer research commissioned by MOTORS. Nearly two-thirds (64%) of the 1,000 car buying decision makers polled by Insight Advantage said their car buying plans had not changed […]
Appetite to make electric switch remains strong as barriers diminish, finds MOTORS survey
The appetite among buyers planning to switch to fully electric models for their next car remains strong as purchasing barriers start to diminish, according to new research commissioned by MOTORS. EV ownership has grown to the highest level (8%) ever recorded by the Consumer Insight Panel, with 19% of the 2,000 buyers polled saying they […]
MOTORS partners with Percayso to share market insights data with dealers
MOTORS is providing dealers with access to comprehensive vehicle pricing and ownership data through a new partnership with Percayso, the automotive data intelligence specialist. Market Check powered by Percayso, goes live this week and is available free of charge to all MOTORS dealer partners as part of a beta trial to gain feedback and enhance […]
Car supermarkets set the pace in September as online searches for used cars hit a new high for the year
Car supermarkets proved their retailing efficiencies in September achieving fast sales on reduced inventories, according to MOTORS’ Market View. Cars averaged just 20 days in stock at supermarkets, outperforming the market average of 29, with inventories down 5% month-on-month (MoM) to 258 units. It was also the only retail segment to grow MoM sales, up […]
MOTORS adds Parkers to its network of partner websites
MOTORS has added Parkers to its network of partner websites in a move which will further extend the reach of dealers choosing its Multisite advertising service. Parkers is one of the UK’s most influential sites for used car buyers researching their next purchase with extensive reviews, practical advice articles, valuations and dealer listings. Parkers joins […]
MOTORS scores new content partnership with Brentford FC
MOTORS has agreed a three-year integrated content partnership with Premier League club Brentford FC. With the 2024/25 Premier League season starting this weekend, the partnership will include bespoke content across YouTube, social and digital channels as well as LED pitch side perimeter branding at Brentford’s Gtech Community Stadium. MOTORS will also be able to include […]
Car supermarkets drive increase in July’s used car stock levels, as buyers focus on affordability
Car supermarkets increased their inventories in July as buyers renewed their focus on affordability, according to MOTORS’ July Market View. Dealer inventories averaged 53 units in July, up from 51 in June and just behind 54 units 12 months ago. The rise in volumes was mostly driven by car supermarkets where average stocks per site […]
