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.”  

How did @UKVolkswagen's no.1 franchised retailer influence 66% of its new car sales on Auto Trader? Here's our new car product lead, David, to explain. For more information on how we can take your brand new cars out of hiding, just visit https://t.co/Zsb9UUlb4i https://t.co/IdIsrkydjx
Don't miss the next #ARNLive on 6th Feb. @perrysmotors' MD Darren Ardron, @HowardsGroup's Peter Haynes & AT's COO Catherine Faiers will join Al Clarke to share their views on the market & offer their tips on success in 2020. Register your place here: https://t.co/owxmLkC043 https://t.co/e7wFgJL1ef
We know first hand just how infectious @sharonashcroft's passion for #DiversityandInclusion is. What she & her team have achieved at @trustford is beyond impressive. If you're looking for inspiration on how to embed a more diverse culture into your business, look no further! https://t.co/BxW35GK1kl
In 2019 we saw circa 2.5 billion advert views of use and new cars on our marketplace. We've seen the most viewed used cars, but what was the most popular new car? The no.1 spot goes to the iconic Volkswagen Golf 🏆 You can find out more here: https://t.co/9YsOqbDeht https://t.co/mHOmWE5MbN
We're seeing some great pieces of coverage announcing the official launch of Dealer Auction yesterday. Find out how this independent company with the combined expertise of @CoxAutomotiveUK & Auto Trader is set to transform the wholesale market https://t.co/rHSBROgeFf
Based on advert views, German marques were the most popular used cars last year. The @BMW_UK 3 Series topped the list as the most viewed second hand car on our market place in 2019. Find out more here: https://t.co/9YsOqbDeht https://t.co/txZZXeyI7B
As part of its commitment to drive diversity in auto the NFDA recently held its 1st Drive my Career networking event for female apprentice technicians.Over 40 joined HR execs from across the industry to share thoughts on attracting female talent. Read more https://t.co/o4xuN1qJiG https://t.co/RXFr3s9ilX
Following details of last year's new car performance from the @SMMT why not take a look at 2019's most popular new cars on Auto Trader? Our report reveals what makes, models & body types received the most views, as well as the nation’s favourite features https://t.co/KX9m29AEM9 https://t.co/WOxFlpA5oF
"A slight uptick in sales may have closed the year off on a positive note, but 2019’s overall disappointing new car performance will come as little surprise to anyone on the front line." Read our response to the @SMMT's December new car registrations here https://t.co/r1B5OcDZLl https://t.co/lrj4nPMFJp
Consumers weren't only eating mince pies and watching the Queen's speech over the festive period...they were looking for their next car too. Don't miss out on the New Year rush; make sure your cars can be found on the UK's largest digital automotive marketplace. https://t.co/OkO8BkBF2g

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