Used cars sell faster as dealer stocks grow in April, reports MOTORS’ Market View
The used car market showed further signs of price stability in April, as dealer stock levels grew following an influx of vehicles generated by the March plate-change, according to the latest MOTORS Market View. The average price of a used car on MOTORS was £17,541, up £134 (0.8%) month-on-month (MoM) and £154 (0.9%) higher than […]
In-market buyers visit four car search websites to find next purchase
The average buyer visits four car search websites and spends 48 days in the buying process, according to MOTORS’ new Digital Touchpoints Survey. The findings are based on the purchasing plans of 3,000 active car buyers and was independently researched by Insight Advantage. The study first identified buyers using multiple car search websites, as part […]
Relaunched Cazoo announces headline sponsorship of the British Motor Show
Cazoo will be the headline sponsor of this year’s British Motor Show, following this month’s relaunch as a dedicated used car marketplace, The move sees Cazoo taking the lead sponsorship role held last year by its MOTORS’ parent. The popular annual event runs from 15-17 August at Farnborough International Exhibition and Conference Centre. Once again, […]
Cazoo relaunched as marketplace challenger, becoming flagship brand in expanded MOTORS network
Cazoo has been relaunched as a used car search marketplace, becoming the flagship brand in the MOTORS network. MOTORS acquired the Cazoo brand in June 2024 and the launch of the all-new website forms part of an extensive investment strategy which will see it challenge the market leader. The MOTORS website, with over 230,000 dealer […]
MOTORS reports continued used car market stability in March across prices and stock levels, as days to sell improve
The used car sector remained stable in March with only slight fluctuations in price and stock levels, although dealers saw a welcome improvement in days to sell. MOTORS’ Market View analysis of the month shows how solid retail demand resulted in cars averaging just 30 days in stock, three days faster than February and five […]
Tesla models dominate biggest used car price drops in February, reports MOTORS’ Market View
Electric vehicles continued to show the biggest price drops with Tesla models dominating the five biggest price fallers in February, according to MOTORS’ Market View analysis of the month’s used car trends. The biggest drop of the month was the all-electric MINI hatchback (3 to 4 years), down 5.6% to £14,249. But that was closely […]
Arranging finance is the biggest showroom pain point for car buyers
The biggest showroom pain points faced by car buyers are arranging finance, dealing with sales staff and part exchanging their existing car. Over a quarter (28%) of the 2,000 car buyers polled for the latest MOTORS Consumer Insight Panel said the most dreaded aspect of their showroom experience was arranging finance, closely followed by interacting […]
Dealers urged to be upfront on commission payment issues, as one in two buyers express doubt about buying finance
Half of buyers say they will question whether to use dealer provided car finance on their next purchase following last year’s landmark Court of Appeal ruling on undisclosed commission payments and the pending Supreme Court ruling on the matter. Fifty-three per cent of the 2,000 car buyers polled for the latest MOTORS Consumer Insight Panel […]
MOTORS reports record level of used EVs and hybrids on sale in January
The proportion of used hybrid and electric vehicles (EVs) stocked by dealers hit a new high in January, according to MOTORS’ Market View. Together these alternative fuel cars accounted for 17% of listings on MOTORS, up from 12% last January. The growth in inventory share was led by hybrids, up from 8% to 11% year-on-year […]
Used car sales off to a slower start in January as conversions dip for larger dealers
Car supermarkets and franchised dealers started the year with stronger used car inventories than last January but saw vehicles sitting longer on forecourts according to the latest Market View from MOTORS. For these dealers, the year got off to a slower start than in 2024 with the sold conversion rate down 11% and 13% respectively, […]
