• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • UCA 2020
  • UCA 2021
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • UCA 2020
  • UCA 2021
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

Ford drops pure petrol engines in Mondeo range for first time in 27 years and pushes Hybrid model

Bosses asked nearly one in 10 people to work while they were on furlough, say auditors

Home News

Used car buyers snap up Teslas and supercars in September, driving average prices skywards

James Batchelor by James Batchelor
October 27, 2020
in News
0

Used car buyers are snapping up Teslas and supercars, driving used car prices upwards new data reveals.

Motorway.co.uk’s latest monthly used car barometer shows Tesla had the biggest price increase in September compared to the same month last year. Average used prices of Teslas were up by 11 per cent, or £4,746 per vehicle.

Tesla prices in September were also up by three per cent on August, which dovetailed with used electric cars overall priced some 34 per cent higher than September 2019.

While electric car priced rocketed, so did supercars and sports cars, said Motorway.co.uk.

September was a strong month for used Ferraris, Lamborghinis, Bentleys and Aston Martins, with prices up by between six and 16 per cent.

The firm puts the increase in prices down to low interest rates.

However, prices for used Porsches were 10 per cent down on August and four per cent on September 2019.

Other high risers in the month included Peugeot, Skoda, Mercedes and Volvo, with average prices rising between three and five per cent on August prices.

Peugeot made the top of the list, with the highest rising prices at six per cent compared to August, while it is also seven per cent up on the same month last year.

Used prices of diesels bucked their decline in September and rose by three per cent compared to August. Petrols fells by nine per cent and hybrids dropped by five per cent.

Meanwhile, in terms of colour, black is still the most popular paint shade for used cars, followed by grey and then white.

But turquoise came out the highest rising colour of the month, up 46 per cent up on August and almost 30 per cent up on last year.

Purple, meanwhile, averaged 20 per cent less than August and 50 per cent less than last year.

Tom Leathes, CEO of Motorway.co.uk, said: ‘Since coming out of lockdown, the used car market has seen incredible month-on-month growth.

‘With an uncertain economic outlook, many people are moving away from buying a new car and choosing used to find more value.

‘Not only are the majority of brands in our barometer achieving prices higher than the previous month, they are up on the same time last year, before the pandemic hit.

‘Dealers, hungry for quality stock they can sell at affordable prices, are also pushing prices up. From Tesla and Mini, to Peugeot and even showstoppers like Ferrari and Lamborghini, sale prices show no signs of slowing down as we near the end of the year.

‘Consumers that usually go for new cars have woken up to the benefits of the used car market, and we expect strong market growth to continue long into the future.

‘In highly uncertain times, that is real cause for celebration.’

  • NEW! Car Dealer Mag issue 152 is 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

Ford drops pure petrol engines in Mondeo range for first time in 27 years and pushes Hybrid model

Next Post

Bosses asked nearly one in 10 people to work while they were on furlough, say auditors

Next Post
Bosses asked nearly one in 10 people to work while they were on furlough, say auditors

Bosses asked nearly one in 10 people to work while they were on furlough, say auditors

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 Dealerships Locations List 2021 revealed
News

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

February 24, 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
  • UCA 2020
  • UCA 2021
  • 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 2020
  • Used Car Awards 2021
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server 1