Used car prices: up or down?
17 June 2020
Analysts have responded to a report last week from Cazana suggesting a weekly average downward shift in used car prices of £162 per car.
CAP HPI’s Derren Martin said it was “certainly not what we’re seeing in our data: values are mainly going up,” with an average increase of £150 per car during June.
Auto Trader’s Ian Plummer said retail prices are increasing on the platform, not decreasing. Indicata Europe’s Andrew Shields also said UK used car prices are either stable or increasing.
Inchcape UK CEO James Brearly said “an acute shortage of used cars” is driving prices up.
Join the Auto Retail Live webinar on Thursday 25 June to hear about sourcing and pricing in the used car market. Neil Smith from Imperial Car Supermarket, Rupert Pontin from Cazana and Bex Clark from Auto Trader will answer your questions.