Average used car prices increased by 3.2% in June to £17,756, rising at the fastest rate in eight months, according to the latest data from Auto Trader.
The UK national sales companies of carmakers Toyota and Hyundai have been warned by the Advertising Standards Authority for making marketing claims about the rapid charging capability of electric vehicles which it has ruled as "misleading".
Dealers continued to see rising demand in May as enquiries increased by 3% and sales of new and used vehicles lept 37%, against the same month last year.
The advertising watchdog has censured Marshall Motor Group with a ruling that could have implications for all car dealers advertising used cars with a price drop.
Hyundai is further boosting its brand awareness by featuring its Ioniq vehicles and mobility concepts as part of the new Spider-Man film.
The UK’s used car market rallied with 4.1% growth in Q1 and EVs were the fastest growing sector, up by 56.5%, according to the latest data from the SMMT.
Castrol has launched a new reward scheme app for workshops so they can redeem prizes each time they purchase qualifying products.
Car retailers have been urged to show support to cash-strapped car buyers as more than a quarter take longer to assess affordability amid the cost-of living crisis and the viability of alternative fuel vehicles (AFV).
The under-pricing of used car stock cost UK car dealers £25.5 million in missed retail opportunity in March alone as average values continued to rise, Auto Trader data shows.
Peter Vardy has expanded the reach of its CarMoney motor finance broker service outside the UK with the launch of a new operation in Perth, West Australia.
Car dealers should be working to promote the benefits of condition and history checks, warranties and consumer rights as two-fifths of motorists consider turning to a private seller in an effort to buy a bargain used car in 2023.
Waylands Automotive has officially opened the doors to its new Polestar Space at Cribbs Mall in Cribbs Causeway, Bristol.
Senior car retail sector business leaders from Vertu Motors, TrustFord, AutoTrader and JudgeService feature in the speaker line-up for the National Franchised Dealers Association’s (NFDA) Driving Digital 2023 conference.
Plug-in vehicles accounted for almost a quarter of all new car sales in February, with year-on-year growth achieved by both pure battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs).
Car retailers have been told “there is no silver bullet” in the fight to avoid potentially devastating data-grabbing cyberattacks as high-profile AM100 businesses continue to recover from hits on their digital systems.
Vertu Motors has struck a sponsorship deal with Wembley-bound Plymouth Argyle Football Club as part of efforts to grow its profile on the South Coast.
Harwoods Group’s chief transformation officer Archie Harwood has told AM that the business is starting to reap the rewards of a tech revolution after taking decisive action to “take charge” of its car retail destiny.
Recent research has revealed that the average retailer has £59,145 of aftersales opportunity at risk due to poor data health.
Wilsons Group has gone big in its bid to promote its range of Ultra Low Emissions Zone (ULEZ) compliant cars to motorists who face being hit by fees from the Mayor of London’s expanded charging area.
Former Snows Motor Group and Inchcape marketing director Allen Scott has been recruited by CMe Media for its automotive marketing business, CMe Automotive.
Staff from Hunt Forest Group, an Isuzu dealership in the South of England, will embark on an Icelandic expedition to demonstrate the capability of the brand’s flagship Arctic Trucks AT35 model.
Scottish car retail Dicksons of Inverness is making waves with a series of tongue-in-cheek videos that have led to thousands of views on social media.
Research has shown that dealers worked hard to convert enquiries in February and saw a 3.4% increase in the number of test drives. However, sales fell by 7% and handovers by 27%.
eBay Motors Group has said that dealers may have to "work their marketing harder" to reach car buyers earlier and maintain leads until potential customers are ready to buy.
UK motor finance fintech Carmoola is poised to drive "ambitious growth aspirations" after raising a £8.5 million Series A round and £95 million debt facility.
