EVs make up around one in 30 used car sales

EVs make up around one in 30 used car sales

The overall used car market saw 2.0 million sales in the quarter, up 2.7% year-on-year.

Used vehicle prices dip to -0.15% from flat average last week

A week ago, Canadian Black Book’s Market Insights report showed the Canadian used wholesale market was flat in terms of pricing changes, and prior weeks were somewhat similar. For the week ending on May 3, we see a decline of -0.15% in pricing.  Car segment prices were down -0.21% from slightly less a week earlier, while the truck/SUV segments decreased by -0.09% — from the prior week’s +0.12%. The largest increases were seen in mid-size crossov…

New car price inflation drives motorists to used car market

Motorists are increasingly turning to the used car market with consumer confidence under pressure and new car price inflation. That’s the view of Gaurav Jain, commercial director at Carwow, commenting on the release of used car sales figures by the Society of Motor Manufacturers today, who said: “The high level of demand for used cars in Q1 is, in part, a consequence of persistent new car price inflation. WOver the past five years new car RRPs h…

Used battery electric car sales reach record volume and market share

Battery electric cars recorded the highest growth, increasing by 58.5% to 65,850 units and a record 3.3% share of all transactions, new figures show.

Update On Used Car Sales, Rent Prices, Central Banks And A Trade Deal

Here is an update on used car sales, rent prices, central banks and a trade deal. The post Update On Used Car Sales, Rent Prices, Central Banks And A Trade Deal appeared first on King World News.