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Rapid rise
slightly on a monthonmonth (MoM) basis, decreasing 0.3 per cent in May, this is near to seasonal norms, with prices falling as much as 0.9 per cent over the same period in 2019.
Auto Trader’s Director of Data and Insight, Richard Walker, said: “The used car market has enjoyed a strong first half of the year, with the rise in retail values doing little to dampen consumer demand. Although the current health of the economy does add a degree of uncertainty for the months ahead, based on what we’re currently tracking across the market, our outlook for the rest of 2023 remains an optimistic one.”
