Top 10 Fastest Selling Used Cars
2021 is officially the year of the used car. Here’s a rundown of the fastest-selling used cars and reasons why prices are still rising in the tail end of pandemic Britain. Just as we thought used cars couldn’t be selling any better, they are doing just that. Used cars sales are now up 16.5 percent. Continue Reading…
October 2024 Used Car Market Trends
As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the Continue Reading…
Why Used Car Prices Sales are up in August 2024
The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends
The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to Continue Reading…
Used Car Market Moving at Record Pace
March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able Continue Reading…
What’s the Impact of ULEZ On the Used Car Market?
Sadiq Khan’s ULEZ changes are having a massive impact on motorists across London, is there worse to come? On August 29th 2023, London’s Ultra-Low Emissions Zone (ULEZ) expanded to reach out to the M25. London Mayor, Sadiq Khan’s decision was met with challenges from Conservative councils and concerns from other London councils, primarily centred on Continue Reading…
Used Car Prices May Reach An All-Time Low
The rollercoaster ride for used car prices over recent years continues. Depreciation, the difference between a car’s purchase and resale value, has historically been pretty steady without much need for car owners to regularly review it. However, disruptions such as the semiconductor shortages and supply chain issues during the pandemic saw used car prices spike. Continue Reading…
The 10 Fastest Depreciating Cars of 2023
Depreciation is the difference between the price you pay for a new car and the amount you can recoup when selling it. Some cars hold their value well, while others experience rapid depreciation. We take a look at the the fastest depreciating cars this year. People often joke about cars losing half their value the Continue Reading…
What Not To Buy: The Top 10 Most Unreliable Used Car Brands and Models
That lovely smell of a new car still remains unfamiliar for many in the motor trade. So here are the used cars brands offering the worst bang for your buck, and the least reliability. Here at the plan blog, we’ve closely followed the meteoric rise of used car prices since the pandemic’s start. Unfortunately, due Continue Reading…
Are Used Car Prices Set To Drop Off A Cliff?
Motor traders have been enjoying a golden age of used car prices but are we about to face the fastest crash ever? Over the last two years, used car prices have risen faster than we’ve ever seen before. Those in the motor trade industry are using words like ‘baffling’, ‘insane’ and ‘unprecedented’. In 2019, everyday Continue Reading…