Used Cars

Auto Trader says the used car market is on a ‘firm footing’ heading into 2024, despite a difficult end to the previous year. The firm’s monthly Retail Price Index has found that used car prices fell 5.6% year-on-year in December to £17,064. That result was also slightly down on November’s figure of £17,319 but experts insist there are reasons for used car dealers to be positive. The firm’s analysts found that consumer demand on the platform remained robust throughout December, up 11.7% on December 2022 – the strongest pace of growth since July. Overall used car transactions also increased by…

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