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 […]
Used car price drops halt in April for first time this year, reports MOTORS Market View
The average price of a used car increased in April for the first time this year, following a succession of monthly dips, according to the latest MOTORS Market View. Prices averaged £16,964, a month-on-month rise of 1% (or £146), but down 9% year-on-year from £18,564. Despite this downward movement, average prices are still up 8% […]
MOTORS Dealer Showcase line-up announced for this summer’s British Motor Show
Arnold Clark, CarShop, Carsa and SM Specialist Cars will be exhibiting and selling used cars at this summer’s British Motor Show. The retailers will display vehicles in the dedicated MOTORS Dealer Showcase, a new attraction for 2024, where visitors will have the opportunity to view and buy used cars as well as discuss their motoring […]
MOTORS reports used cars sold faster in March, as buyers benefitted from ongoing price realignments on younger models
Lower advertised prices helped drive faster used car sales in March with vehicles averaging just 35 days on physical and virtual forecourts: six days less than February and two days less than 12 months ago. All retailing sectors achieved faster month-on-month (MoM) and year-on-year (YoY) sales, led by car supermarkets at just 21 days, down […]
MOTORS part of Beta launch for all-new Google Vehicle Ads search platform
It’s a familiar scenario. You’re searching online for a new pair of trainers, Google your favourite brand and are presented with a carousel of retailers selling them along with how much they’re charging. Over recent months MOTORS has been busy working behind the scenes with Google, as part of its BETA launch test group, utilising […]
Used EV prices drop to new low in February as online searches rise, reports MOTORS
The average price of used electric vehicles (EVs) fell 15% year-on-year in February to a new post-Covid low of £27,607, as supply remained flat but online searches increased, according to MOTORS’ Market View. EV prices have now been falling for five consecutive months from £31,209 in September, with month-on-month drops averaging 2.5%. This also reflects […]
Prices and finance identified as biggest pain points facing car buyers
MOTORS’ latest Digital Touchpoints Survey has identified the top customer pain points after quizzing 3,000 in-market buyers searching online for used and new cars. Price negotiations topped the list with 43% saying they found the process difficult. Making sense of pricing was also a concern for 25% and understanding and arranging finance for 23%. Other […]
Average used car prices dip -1.6% in January, as EV price realignments continue
Advertised used car prices dipped -1.6% in January to their lowest point in 15 months, according to MOTORS’ Market View analysis. The price of vehicles listed on MOTORS averaged £17,113 following a succession of monthly falls over the course of last year, tracking -10% below their peak of £18,903 in January 2023. This downward movement […]
