Tag Archives: secondhand

Smartphones

Is It Smarter To Buy An Old iPhone? Or Should You Invest In The Newest Model?

Affordability is likely one of the largest components driving the demand for the secondhand smartphone market. Given how extravagant telephones have gotten over time, one can typically discover a mannequin from one or two years in the past with a considerably cheaper price ticket. iPhones are additionally identified for smaller, incremental updates due to Apple’s “if it ain’t broke, don’t fix it” philosophy — which works in favor of these eyeing older fashions because you would not be shedding out on too many options.

Another explanation for concern you may shrug off is efficiency and longevity. Apple’s astonishingly good observe file means even an older iPhone shall be supported for years. In context, the iPhone X launched in 2017 acquired its final iOS replace in 2022, and 5 years of software program help is loads. Therefore, shopping for an older mannequin shall be cost-effective, saving much more when procuring within the secondhand market.

Going with a used telephone has its apparent share of considerations. For starters, you’ll more than likely require a battery swap, which provides to the general price. Even in case you get fortunate and choose up an older iPhone in mint situation for an unbelievable deal, you’ll lose entry to guarantee, software program updates, and options earlier than the newest iPhone accessible on the time of buy. Rest assured, digicam high quality and efficiency are two necessary components that appear to carry their floor towards time in terms of iPhones.

News

Used electric car sales double as supply improves

Second-hand electric car sales doubled in the third quarter of 2023 to give them a record market share, as the overall used market grew for the third quarter in a row.

In the three months from July to September, the share of electric cars on the used market rose from 1.0% to 1.8% year on year, with total volumes increasing by 99.9% to 34,021 units. This record market share, according to the Society of Motor Manufacturers and Traders (SMMT), was a result of an increase in supply, aided by an easing of the semiconductor shortage, which has boosted sales of new cars and, in turn, fed the second-hand market.

The used market as a whole grew by 5.5% during the third quarter, with 51,893 more transactions than in the previous quarter, taking the total to 1,884,160 – the highest figure since the pandemic.

The increase in second-hand electric car sales follows a decrease in prices leading up to August, with values dropping on average by 44%.

In September, however, values for less expensive models, such as the Renault Zoe and BMW i3, seemed to stabilize, with a decrease of only 1%, although prices for more expensive models continued to decline in October. For instance, values for the Mercedes EQC and Kia EV6 dropped by 5.9% and 5.1% respectively.

SMMT CEO Mike Hawes stated: “The used car market continues to grow strongly, with re-energised supply unlocking demand for pre-owned electric vehicles – the result being twice as many motorists switching to zero-emission motoring in the quarter.

“Maintaining this momentum requires growth in the new car market, to boost supply to the used sector and cement this success. Equally important is the urgent need for charging infrastructure roll-out so that all drivers can have confidence in being able to charge whenever and wherever they need.”

Alongside the twofold increase in electric car demand, the sale of used petrol and diesel cars also grew, by 4.0% to 1,065,448 and 2.3% to 704,204 units respectively, while plug-in hybrid used sales increased by 34.6% and hybrids by 46.4%.

This coincides with yet another quarterly uptick in the sale of used superminis, wherein the Ford Fiesta remained as the UK’s best-selling second-hand car during the third quarter, with 79,756 sold. It was followed by the Vauxhall Corsa (61,290 sales) and Volkswagen Golf (58,298).

A total of 607,484 superminis changed hands, a 5.8% rise on the same period last year, with crossovers and ‘dual-purpose’ vans and SUVs becoming the next most popular category, making up 14.9% of the market. Sports and luxury saloons were the only segments to experience declines, falling 1.8% and 2.5% respectively.

News

Ford Fiesta Remains the Most Popular Used Car in the UK

The Society of Motor Manufacturers has released new data showing that the Ford Fiesta continues to be the top choice for used car buyers in the UK. Superminis and hatchbacks, including the Fiesta, dominate the second-hand car market, accounting for 31.5% of all used car transactions between April and June. This is likely due to the high prices of new cars and the limited availability of affordable small cars.

During this three-month period, a total of 576,980 superminis were sold, representing a 4.4% increase compared to the same period last year. The Ford Fiesta alone accounted for 75,378 sales, followed by the Vauxhall Corsa with 59,113 sales, and the Mini with 41,817 sales.

Interestingly, the Ford Fiesta remains popular in the second-hand market despite Ford ceasing production of the supermini in July to make way for the new Explorer SUV in Germany.

Furthermore, the report indicates a significant surge in demand for used electric vehicles (EVs). Sales of pre-owned electric cars increased by 81.8% compared to the same period last year, reaching a total of 30,465 units. EVs now hold a 1.7% market share in the used car sector, marking a 0.7% increase from 2022. Plug-in hybrids also saw an 11.4% rise in sales, while hybrids experienced a 29.5% increase.

This rise in demand for pre-owned EVs can be attributed to fleet EVs entering the market as companies and businesses seek to dispose of them before the September numberplate change. Business and fleet registrations account for 79% (24,953) of new EV registrations this year.

Mike Hawes, CEO of SMMT, commented on the findings, stating that it is encouraging to see increased demand for EVs in the used car market. However, meeting the growing appetite for pre-owned EVs hinges on sustaining a healthy new car market and providing accessible, reliable charging infrastructure powered by affordable, clean energy.

The market share for combustion-engined cars slightly decreased from 95.7% to 94.3% compared to the previous year, as the volume of petrol and diesel car production rose by 2.5% and 2.8%, respectively.

Overall, the second-hand car market experienced growth of 4.1% in the second quarter, with 72,583 more transactions compared to the same period in 2022, totaling 1,832,267 sales. This recovery can be attributed to the easing of supply chain disruptions. However, the market is still 9.9% higher in the second quarter of 2019 compared to 2023.