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 […]
MOTORS launches all-new Cazoo app, new website to follow
The all-new Cazoo app has been launched just a fortnight after MOTORS’ acquisition of the brand. The app is available now in the Apple App Store and Google Play, marking the first phase of Cazoo becoming a digital marketplace under the MOTORS family. Utilising the latest digital technology, the app has an easy-to-use interface enabling […]
Essential purchases in high demand as buyers focus on older affordable cars, reports MOTORS’ Market View
Advertised used car prices and dealer stock levels dipped in June as buyers focused their attention on older essential purchase cars, according to MOTORS’ Market View for June. The average price of used cars dropped £222 (-1.3%) month-on-month (MoM) from £17,390 to £17,168, equating to a year-on-year (YoY) drop of -7.3% (£1,343). The fall was […]
MOTORS acquires Cazoo brand
Over the coming weeks MOTORS will launch an all-new Cazoo app – followed by a new website – with over 250,000 used car listings. The business aims for Cazoo to provide consumers with a fresh approach to searching for cars, building on MOTORS’ 15+ years experience. MOTORS will invest in the Cazoo brand to attract […]
Most car buyers will consider dealer finance even though only half are comfortable with the process, reports MOTORS research
Over three-quarters of car buyers (76%) will consider the finance options offered by dealers, even though only half admit to being comfortable with the process, according to MOTORS’ Consumer Insight Panel research. The findings reveal a strong appetite among buyers to source their finance through dealers with nearly two-thirds (63%) of those who bought their […]
MOTORS research finds over half of buyers will consider used EVs and hybrids for next car
Demand for used EVs and hybrids is set to grow as buyers consider their next car purchases, according to MOTORS’ Consumer Insight Panel. Most buyers (58%) said they would consider purchasing a used hybrid if it was the “right car at the right price”, with EVs also performing strongly at 50%. Overall 8% had already […]
Proportion of used EVs stocked by dealers hits a new high in May, reports MOTORS Market View
May saw the highest ever proportion of used EVs being stocked by dealers with car supermarkets leading the way, according to the latest MOTORS Market View. The monthly analysis of used trends found 5% of cars listed on the MOTORS platform were EVs, up from 3.5% in May 2023, with alternative fuelled cars collectively accounting […]
Appetite to buy a car in the next three months grows year-on-year, reports MOTORS
The appetite to purchase a car is stronger than it was 12 months ago, with 18% of in-market decision makers looking to buy within the next three months, up 5% year-on-year. Additionally, almost half (44%) expect to buy before the end of the year, up 3% on 12 months ago. The findings come from MOTORS’ […]
Dealers urged to prepare for used car customers upgrading vehicles for their summer holidays
Dealers could see an increase in demand for used cars as a growing number of owners plan to upgrade their vehicles ahead of motoring holidays in the UK and Europe this summer. The findings come from MOTORS’ latest independently researched Consumer Insight Panel, which polled the views of over 2,000 consumers about their car buying […]
Wales tops UK league for most affordable average used car prices in April, finds MOTORS Market View
Wales was the most affordable part of the UK to buy used cars in April with vehicles being retailed for £2,306 less than the national average, according to MOTORS’ Market View. In its first Top 10 analysis identifying average used car price trends by region, MOTORS found cars in Wales averaged £14,519, compared to the […]
