EV values

improve.

According to the latest data from Auto Trader, the health of the used car market is continuing to build momentum, with growth recorded in consumer demand, sales and retail prices.

In fact, Auto Trader’s Retail Price Index, which is based on circa 900,000 daily pricing observations across the full retail market, shows the current average price of a used car is £17,946, which equates to a 3.6 per cent yearon ­ year increase on a like ­ for ­ like basis.

Richard Walker, Auto Trader’s Data and Insights Director, confirmed: “This data not only shows the current strength of the used car market, but also how important it is to keep a close eye on live retail prices to drive the most profit out of every sale.

“With trade values not in line with retail, this further strengthening in retail prices is providing robust margin potential.”