Press release

Used Car Transactions 2018 | Auto Trader's response

Comments from Nathan Coe, Chief Operating Officer and Chief Financial Officer

“Whilst the impact of the ongoing fuel debate, WLTP regulations, and Brexit anxieties were keenly felt in the new car market, the used car market, which although marginally down on 2017, has shown resilience. It highlights that despite the dent in consumer confidence, demand remains high as consumers continue to change their cars on average every 3.3 years, which is still in line with the car parc turn trends we have seen over the last 10 years.  

“The new car market may be turning its back on diesel, but there is still a healthy demand for the second-hand variant. Today whilst the UK car parc is still slightly more skewed to petrol, it’s not surprising to see that used diesels are selling at a similar rate to their petrol counterparts. And contrary to expectation, despite the decline in the new car market, far from sending the value of second-hand diesels plummeting, our data shows that used diesel prices are not only growing, but growing at a faster rate than petrol.

“It’s encouraging that the growing level of consumer appetite in new AFVs is starting to trickle through to the used car market, albeit growth is off a very small base. The trend in AFVs is being mirrored on our marketplace. For over a year fuel related searches attributed to AFVs remained flat at just 4%. However, between July and October 2018, searches grew to 7%. At the current trajectory we anticipate one in ten fuel related searches will be for a zero-emission car by the end of the year.”  

Missed this week's webinar with special guest @vertumotors? Well fear not - the whole webinar is now available on demand at https://t.co/A8vB2i49FU https://t.co/fpMbEkaRgB
Driving long distances? Well the best car for the job is the @UKVolkswagen Golf which scooped the Best Car for Long Distances award at the Auto Trader New Car Awards 2020. Find out what owners said at https://t.co/TAtdeRojpZ https://t.co/4Sj9ANaFK6
For those looking for a 7 seater you can do no better than the @VolvoCarUK #XC90. That's according to the 181,000 car owners who voted it the best 7 seater in this year's Auto Trader New Car Awards! https://t.co/M7t1X3Ic9S https://t.co/csJOtcU63N
Exactly one week ago @MrRoryReid & @ErinBakerMotors announced the winners of the Auto Trader New Car Awards – revealing the best #newcars in the UK according to over 181,000 car owners! You can check out the #award winners at https://t.co/FMgf5HByCM #ThrowbackThursday https://t.co/CLdSORmOV0
Exactly one week ago when @MrRoryReid & @ErinBakerMotors announced the winners of the Auto Trader New Car Awards – revealing the best #newcars in the UK according to over 181,000 car owners! You can check out the #award winners at https://t.co/FMgf5HByCM #ThrowbackThursday https://t.co/SAFHIczDhl
#Dacia have done it once again! The @daciauk Duster once again won the Best Value New Car at the Auto Trader New Car Awards 2020 - an award they also took home in 2019! https://t.co/vf00Z0g60W https://t.co/rn5qZX59Gh
We've seen a record number of #newcar and van #leads with new car retailers enjoying a massive 91% monthly increase in leads! Discover the latest new car data and how to drive even more leads as we see demand continue to spike now > https://t.co/8l2Mkx0ldn
Big thanks to everyone who joined today's webinar and of course to our guest speaker @vertumotors!
Reminder that next week we'll be launching #ATHighlyRated! Retailers who met the criteria will be receiving a pack next week to promote their achievements to consumers. https://t.co/UJgS71ytoP
Over to @stuart_trader who reveals the result of our earlier poll - a majority discounting prices much less or maintaining pre-#covid19 approach https://t.co/t8PfkUzrtU

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