11/08/2024
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…