Category: Re(used)

Automotive: Why drivers are snapping up ‘dirty diesel’ cars

Why is the topic trending: • Impending Ban on New Diesel Cars: The UK is set to ban the sale of new diesel and petrol cars from showrooms in less than five years (by 2030) to encourage the adoption of electric vehicles. • Surge in Second-Hand Diesel Demand: Despite the ban and negative perceptions of diesel cars,…

Read More

Fashion: Why So Many Brands Gave Up on Clothing Rental

Why it is the topic trending: • Failure of Prominent Brand Initiatives: The withdrawal of major fashion brands like Ralph Lauren and Banana Republic from the clothing rental market, after initial experimentation, raises questions about the viability of this business model and why these well-established companies could not succeed. • Financial Struggles of Key Logistics Provider: The…

Read More

Fashion: Young consumers boost second-hand fashion market growth

Why it is the topic trending: • Significant New Research: The unveiling of Traid’s TraidTogether initiative alongside new research from Statista provides valuable insights into the growing second-hand fashion market in the UK, making it a trending topic for those interested in consumer behavior, sustainability, and the fashion industry. • Focus on Younger Consumers: The research highlights…

Read More

Automotive: Why car dealers need to be getting plugged into used EVs right now

Why the Topic is Trending • EV Market Maturation: New electric vehicle sales over recent years are now feeding into a rapidly growing used EV market, making its dynamics a critical focus. • Economic Significance for Dealers: Used cars are a vital part of dealership business; understanding how to handle the unique aspects of used EVs (pricing,…

Read More

Automotive: The used Tesla market is crumbling

Why the topic is trending: • Market Shift for a Leading EV Brand: Tesla has long been the dominant force in the EV market. A significant downturn in its used car market is a notable development with potential implications for the entire EV industry. • Impact on Resale Values: Plunging resale values can affect consumer confidence in…

Read More

Insight of the Day: Clothing rentals can increase consumption

Detailed Findings:1. Increased Consumption: The study, conducted by researchers at Université catholique de Louvain and Edhec Business School, revealed a surprising finding: clothing rentals, often touted as a sustainable alternative to fast fashion, can actually fuel increased consumption among certain types of consumers. This counterintuitive outcome highlights the complexities of consumer behavior and the need…

Read More

Innovation of the Day: AI drives confidence in second-hand EVs

Detailed Findings: • Problem: Lack of transparency regarding battery health and range in the used EV market. • Solution: ClearWatt’s “EV Health Checker” mobile app assesses battery health using telematics. • Method: App collects real-time driving data and evaluates key battery metrics. • Benefits: Provides buyers and dealers with comprehensive battery reports, increasing confidence. • Accessibility: Mobile-based app eliminates the…

Read More

Insight of the Day: The decline of Depop and the rise of Vinted

Detailed Findings: • Depop’s Peak: Depop gained immense popularity during the pandemic, becoming a platform for affordable second-hand clothing and a potential side hustle. • Depop’s Downfall:  Rising prices due to resellers, a 10% seller fee, and a focus on curated “vintage” aesthetics made it less accessible and appealing. • Vinted’s Rise: Vinted, founded in 2008, has overtaken…

Read More