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.”  

We've seen rapid growth in like-for-like prices of vehicles aged 1-3 years and 3-5 years in recent months with this trend looking set to continue for now. https://t.co/DJTj7uR0hF
Now it's time for a Q&A with our CEO Nathan Coe. Follow this thread to see what he has to say 👇 https://t.co/QgHILsblTU
Now it's over to @MarcThornboroug who highlights the winners of the Auto Trader Retailer Awards 2021 are. Huge congratulations to all our well deserving winners and finalists. https://t.co/zJPZg8dSBQ
Just 15 minutes until today's webinar where we’ll be joined by our CEO, Nathan Coe, to discuss how we're unlocking more stock for retailers. Register now to join live or stay tuned right here for the highlights👉https://t.co/GLdvSSPMXe https://t.co/s6fnY90g1A
The @MINIUK Hatch once again took the Most Fun to Drive award at the Auto Trader New Car Awards 2021, having previously won the award in 2019. Owners commented on the “go-kart feel and acceleration” and the fact that Minis “don’t take themselves too seriously”. https://t.co/uYVCddWicy
The @MINIUK Hatch once again took the Most Fun to Drive award at the Auto Trader New Car Awards 2021, having previously won the award in 2019. Owners commented on the “go-kart feel and acceleration” and the fact that Minis “don’t take themselves too seriously”. https://t.co/uYVCddWicy
What makes our future vehicle valuations different from all the other options out there? Find out from @nchking who explains exactly how our future vehicle valuations are calculated and what distinguishes them from other options. https://t.co/GDVYuInfUq
In our next webinar, we’ll be joined by our CEO, Nathan Coe who will be sharing our plans to help retailers to source stock more effectively and how we’re planning to help consumers sell their old cars conveniently. Register now 👉 https://t.co/GLdvSSPMXe https://t.co/kymKwy3NdQ
This week saw the highest level of new electric car advert views on Auto Trader since the 2030 ban on the sale of new petrol & diesel vehicles was announced, with almost 14% of all new car advert views being for an electric car last Thursday. Will we see this trend continue? https://t.co/sczaVjTeoV
It’s all hands on deck for this week’s tip of the week where @AndrewKorpela shares some best practises to help you keep your forecourt full and ensure the stock on your forecourt is presented in the best possible way. https://t.co/6Lsf00QIRM

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