Retailers are being urged to strategically use data to avoid unnecessary price corrections as the used car market is proving resilient, with electric vehicles (EV) taking the lead in both demand and sales pace.
The used car market entered the last quarter in excellent health, according to the latest data from Auto Trader’s Retail Price Index, with average used car prices showing resilience against typical seasonal trends.
In September, the average price of a used car was £16,450, marking an 8.4% year-on-year (YoY) decrease and a marginal 0.3% month-on-month (MoM) decline, outperforming the usual seasonal dip of 0.6% for September.
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