The new car market had its fourth consecutive month of growth but sales remain below 2019 levels
Used car sales fell by 12.2 per cent in the third quarter of 2022 but prices remain strong
Car owners are being urged to look out for high fees when signing up to an online car valuation service.
Nearly a quarter (24 per cent) of drivers say fuel economy is now the most important factor when buying a car.
The average scrap car price reached a new high of £358 in the second quarter of 2022.
Used car sales fell by 18.8 per cent during the second quarter of 2022, according to the latest figures by the Society of Motor Manufacturers and Traders (SMMT).
The used car market grew 5.1 per cent year-on-year in the first quarter of 2022 but March saw a 6.8 per cent drop, according to the latest SMMT figures.
Uptake of new and used car sales online could reach 56 per cent by 2030, Cox Automotive predicts
The average scrap car price rose to £323 in March 2022, according to car recycling network CarTakeBack.
Used car prices, which have been at record levels, dropped 2.1 per cent on average in March 2022 and could drop by at least that in April, Cap HPI says.
We bid farewell to BMW’s first volume production EV, the BMW i3, and consider how to get yourself a good one.
The average scrap car value increased by 50 per cent in 2021 (from £160 in 2020 to £240), reaching a record of £260 in December.
