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Date: 17 February 2021   |   Author: Jack Carfrae Jack Carfrae asks how the used car market is treating the two major fuel types and how they stack up against hybrid and plug-in cars second-hand. You could be forgiven for thinking that diesel has had its day. It made up 16% of new car sales in 2020 - a far cry from 2015, when it was level pegging with petrol with just under half the market, and the early 2010s, when it had even more than that.   According to Cap HPI, diesels accounted for 47% of used car transactions in 2020, so they are clearly far m...

Date: 12 February 2021   |   Author: Sean Keywood Used car values were up in January despite the UK re-imposing Covid-19 lockdown measures, according to auction firm BCA. It says the average sale price during the month, of £8,464, is the third highest seen since the start of the pandemic, and £154 up on December. BCA COO for UK remarketing Stuart Pearson said: "While it hasn't been the January that most in the industry would have hoped for, performance has been solid across most sectors and BCA has seen record numbers of buyers joining our online sa...

The remarketing industry is increasingly refurbishing ex-fleet cars to match quantifiable NAMA-approved levels of condition. There is a spectrum to refurbishing used cars. At one end are those who hand over the keys to something utterly pristine that, as we have often discussed in these pages, will more than likely fly through auction with no shortage of bids.  At the other are owners or lessors who just want shot of the thing - never mind the state of it. That was fine during summer, when demand for used cars was such that even old, ropey ones were going for serious money - not so much w...

Preview    West Ham United continue their quest for a fourth Emirates FA Cup triumph with a fifth-round tie at Manchester United on Tuesday evening. The Hammers travel to Old Trafford seeking a place in the last eight, having won 1-0 at National League Stockport County and 4-0 at home to EFL League One Doncaster Rovers in the previous two rounds. Those two victories have come amid a run of one defeat in the last eleven matches for David Moyes' side, who have won seven and drawn three and also currently sit sixth in the Premier League. The Red Devils, meanwhile, are at home for the third rou...

Click the thumbs up > Fears of a ‘price correction’ for used electric vehicles (EVs) have been played down by pricing experts. It comes after the boss of the UK’s largest leasing, Lex Autolease, warned that plug-in residual values (RVs) could dip dramatically, due to their high resale value when compared with diesel or petrol alternatives. Richard Jones, managing director of Lex Autolease and Black Horse, said: “The big issue that still faces EVs goes back to the list price.” He explained: “Because list prices are so much higher, the drive is to set the RVs quite strongly as a per...