Buyer searches for used cars hits new high for February but supply shortages and economic pressure damped lead volumes
February’s used car market was shaped by the ongoing shortage of dealer stock and continued price stability, although higher than usual levels of online buyer activity was dampened by a softening of conversion to lead rates, according to eBay Motors Group’s latest. Market View by eBay Motors Group.
January’s average used car prices rise 5% to hit new high of £18,937, reports eBay Motors Group
The average price of a used car increased 5% in January to a new high of £18,937, marking the seventh consecutive monthly rise on Motors.co.uk, according to eBay Motors Group’s latest Market View.
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Car Search Platform Leads
Two in three buyers (67%) choose to use car search websites to make their first contact with dealers via the platforms, while the remaining third are prompted to visit showrooms in person.
Nearly half of car buyers plan to make a purchase in 2023, despite the impact of the cost of living crisis, finds eBay Motors Group
Nearly half of all new and used car buyers expect to make a purchase at some point in 2023, despite the impact of the cost of living crisis.
Cost of living crisis influencing 75% of next car purchases, but intent to buy remains strong
The cost of living crisis is having a far reaching impact on car buyers, with three-quarters admitting recent rises will influence their next purchase, according to eBay Motors Group’s latest Consumer Insight Panel research.
“Marketplace disruptor” Barry Judge appointed as CEO of eBay Motors Group and Motors.co.uk
Barry Judge has been appointed to the new position of CEO of eBay Motors Group and Motors.co.uk.
Motors.co.uk joins Radio X’s Prize Dump competition to give listeners the chance to win a brand-new car
As sponsor of The Chris Moyles Show on Radio X, Motors.co.uk is delighted to announce that it is partnering with the show’s popular Prize Dump competition, offering one lucky listener a chance to win a brand-new mild hybrid Suzuki.
Cost of living crisis set to impact majority of car purchases, with one in five being delayed
The cost of living crisis is having a significant impact on 70% of new and used car buying decisions as a result of the rising costs facing UK households, with one in five buyers claiming they will delay their next purchase.
