UK used car sales rose by 17.1% in June 2021 year-on-year according to the latest INDICATA UK used car market insights report. 

INDICATA’s new functionality gives dealers the true worth of an option or equipment in the used market

A dealer’s used car inventory is automatically recorded inclusive of equipment levels and options which ensures values are always based on the latest market price movement

• Hybrid popularity can be put down to increased industry education and acceptability from drivers
• EVs will need to tread this same path over the coming years to increase popularity in the used market
• Average used prices rose by 7.5% during May while stock levels fell by 7.1%

The used car market is moving at such a pace that dealers are retailing one-in-four cars too cheaply according to INDICATA.

• Volvo XC40 fastest-selling used car in April
• EV demand weakest of all fuel types

Glyn Hopkin has renewed its INDICATA used car insights platform subscription for another year following the positive role it has played in helping the dealer group grow its used car business over the past 18 months.