• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

Top 200 most stocked used car dealers in September revealed as number of cars sold falls

Vauxhall offers fixed price servicing for all makes and models

Home News

Prices for used petrol and diesel cars reach record highs as EVs and hybrids stabilise

Car Dealer Magazine by Car Dealer Magazine
October 12, 2020
in News
0

The prices of used petrol and diesel cars rose to record highs in the third quarter although those of EVs and hybrids stabilised.

That’s according to Autorola UK, which said the industry was starting to settle down to its new normal.

Used petrol vehicle prices went up by 4.4 per cent (£601) to £14,206 and used diesel prices increased by 5.3 per cent (£582) to £11,383 from the second quarter.

The increase is even more dramatic compared against the rise of online used prices since the first quarter, it said the online used car trader, with petrols going up by 9.4 per cent (£980) and diesel prices by 11.3 per cent (£1,447).

  • Investigation: Are used car prices about to drop?

Jon Mitchell, Autorola UK’s group sales director. said those kinds of price levels had never been seen by the company in its 15-year history.

‘Demand for used cars on our online portal since June has been very strong and there is no sign of it abating.

‘Our stock is gradually starting to rise to nearer 7,000 vehicles based on new part-exchanges coming into the market from the 70-plate, but still the market demand exceeds supply,’ he said.

‘It’s interesting to see diesels continue their strong performance in the used market, while environmental powertrain prices have stabilised after many months of rises.’

Hybrids and EV prices have now stabilised, said Autorola, which attributed it mainly to consumers considering them pricey versus identical petrol and diesel models.

In the third quarter, average EV prices got to £16,019, which was just £16 more than in the first quarter.

Hybrids actually dropped by £561 from £16,778 in in the first quarter to £16,197 in the third.

Average mileages fell across the stock sold by Autorola sold in in the third, which it said was mainly down to journeys being curtailed during lockdown.

That also contributed to the third-quarter price rises. However, it said it was currently seeing demand for used cars irrespective of their age and price as dealers bought stock to meet consumer interest.

  • Car Dealer Mag issue 151 out now – Read it here
  • Have you nominated yourself for a Used Car Award? – Do it here
  • Join our breaking news WhatsApp group – Click here to join now
  • Which is the best car manufacturer to represent? – Find out here
Previous Post

Top 200 most stocked used car dealers in September revealed as number of cars sold falls

Next Post

Vauxhall offers fixed price servicing for all makes and models

Next Post
Vauxhall Corsa takes the crown as top new car for September as sales rise by 407 per cent

Vauxhall offers fixed price servicing for all makes and models

Want the latest news?

Sign up to Car Dealer's daily news email updates

Subscribe
How many car dealerships does each manufacturer have in the UK? Car Dealership Locations List 2021 revealed
News

How many car dealerships does each manufacturer have in the UK? Car Dealership Locations List 2021 revealed

February 18, 2021
Used Car Awards with Mike Brewer and James Baggott graphi
News

Who won what at the Used Car Awards 2020? Mike Brewer reveals our winning car dealers

February 11, 2021
Car Dealer issue 156 front cover and Used Car Awards
Online Magazine

Out now: Car Dealer issue 156 features our Used Car Awards, H.R. Owen CEO Ken Choo and lots more

February 23, 2021
Used car market stronger than ever as August sees sales up by nearly 50 per cent for Big Motoring World
News

Opinion: Here are 10 reasons why I think there’ll be a rapid recovery in car sales when lockdown ends

February 16, 2021
Trophy Cars forecourt
News

Investigation: Meet the hyper-specialist car dealers making their money from weird and wonderful motors

February 11, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 15, 2021
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

February 10, 2021
Bitcoin ATM terminal
News

Will car dealers in the UK accept Bitcoin for payment? Dealers speak out after Tesla plans to accept cryptocurrency 

February 18, 2021
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C