Will Used Car Prices Return to Normal?
Derren Martin, director of car valuations CAP HPI believes that the scarcity of new cars being produced could keep used car prices buoyant for years. We analyse the logic behind this prediction as well as having a look at the cars that increased in price the most in the last year. We also squeeze in Continue Reading…
How Has The Used Car Boom Given Birth To Multiple Unicorns?
Many used car dealers are making serious money as ‘like new’ cars are worth nearly as much as new. How have the new, high profile online only “super” used car dealership brands been capitalising on these favourable trading conditions? We are living in strange times for many reasons – and here’s just one – in Continue Reading…
All Signs Point To An Electric Car Revolution
The used car gold-rush is over for some, for others it is just the beginning. If you’ve been reading the Plan Insurance Brokers blog during the pandemic, you’ll know that used car prices have been rising without sign of stopping. Well, that trend has come to an end, but only for certain kinds of used Continue Reading…
Will The Used Car Price Bubble Pop?
‘Your car loses its value as soon as you drive it out of the showroom’. Not any more… The meteoric rise of used cars have reached such heights that nearly all used cars are now the same price as new ones. Where do we go from here? Whatever their previous opinion on used cars, if Continue Reading…
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…
Used Car Prices Continue To Boom
Second-hand car prices have now reached the highest point since April 2009. Demand is even stronger than a year ago when showrooms first reopened, with experts wondering when the boom will end? This is a welcome surprise and a much-needed uptick for an industry that’s been severely affected by the pandemic. Car dealer‘s figures show Continue Reading…
Cazoo, Cinch & Carzam – Motor Trade Three C’s Go To War
A host of new names are entering the used car market with bold claims of “digital disruption.” The UK’s independent dealers oversaw the sale of 8 million second hand vehicles in 2019 in a sector worth £50 billion a year. A very small amount of that business took place online but are things set to Continue Reading…
Cars over Fish – UK Motor Trade Wins in Brexit Battle
Extraordinary revelations from a first-hand source have revealed details of how the final Brexit negotiations unfolded. The UK Motor Trade played a central part in the drama. Ultimately the deal came down to a tug of war between cars and fish. Prime Minister Johnson was attempting to retain sovereignty over fish in UK waters whilst Continue Reading…
London Black Cabs in Decline: Why Should Anyone Care?
Dr Mike Galvin is one of the taxi and private hire industry’s most experienced and respected voices. Here he shares his opinion, as CEO of consultancy firm Mobility Services Limited, on the future of London’s most iconic form of transport – the black cab. London without Black Cabs? London’s taxi vehicles and taxi drivers have Continue Reading…
Used Car Prices On the Rise – But For How Long?
Vehicle value and data experts Cap HPI have reported that used car values have risen every single month since April. September continued the trend that began during the Coronavirus Lockdown, seeing benchmark values based on a three-year old vehicle (or 60,000 miles) increase by 0.4 % the equivalent to £65. Head of Valuations at Cap Continue Reading…