Semiconductor shortages, the transition to electric vehicles (EV) and “the true impact of Brexit” are among new car retail disruptions that are set to fuel a strong used car market in to 2022, says Cox Automotive.
Property and planning consultancy Rapleys has appointed Daniel Cook as head of the firm’s automotive and roadside team.
Cox Automotive International president Martin Forbes said the business has signalled its intent to “significantly extend our mobility capabilities in Europe” with the acquisition of FleetMaster.
Allianz has become a strategic core investor in heycar in a move that will bring new investment and allow the online business to become “holistic and customer-centric mobility provider”.
Used car supermarkets sold vehicles almost twice as fast as their independent counterparts as they cut retail prices to drive sales in June.
Keyloop has completed the acquisition of digital automotive retail documents specialist MotorDocs as it aims to become the sector’s leading technology provider.
An 11.1% June uptick in used car prices on Auto Trader suggests that dealers have been making efforts to realign their advertising to accommodate recent months’ wholesale price surge.
Heycar has been recognised for its delivery of equality among its employees in the Great Places to Work’s fourth Best Workplaces for Women’s list 2021.
The RAC has launched a new consumer leasing service to help drivers switch to electric vehicles (EV).
Evolution Funding Group has completed the acquisition of automotive software and digital services provider Click Dealer.
The managing director for Keyloop in the UK and Ireland, Stuart Miles, has announced his departure from the automotive retail software provider.
BCA has questioned “sensationalist” media coverage of used car price growth, arguing that wholesale values have only seen subtle changes.
CitNOW has expanded its international portfolio with the addition of two automotive software providers, Quik and Reef Business Systems.
Volkswagen retailers across the UK have introduced Tjekvik's airport-style self-check-in digital kiosks in a bid to facilitate a contactless aftersales service.
Used car advertising platforms Gumtree and Motors.co.uk are being offered for sale after Norwegian online advertising business Adevinta completed the acquisition of eBay Classifieds Group.
Cap HPI has underlined the importance of its live valuations service as the pace of wholesale used car price rises continued with a 13.5% increase in the past three months.
Car buyers are keen to embrace safety-focussed semi-autonomous driver aids but cool on the prospect of handing the helm wholly to a self-driving car, according to a CarGurus survey.
Used car dealers have been urged to remember that consumers ultimately dictate the price a car can be sold at as wholesale values continue to place pressure on stocking levels.
The Mercedes-Benz GLA Class compact SUV topped the rankings of the fastest-selling used cars advertised on Auto Trader as dealers continued to see a reduction in days to sell.
British Car Auctions (BCA) is utilising robotic process automation (RPA) to help improve process handling and customer service.
Dealers risk losing out on referrals from new customers who have discovered them online, according to consumer behaviour research from JudgeService.
A 21% rise in finance applications was not what Alphera Financial Services head Preston Rogers anticipated when he was tackling the fall-out of COVID-19 in 2020 – but that is what the business delivered.
Hybrids are emerging as the growth fuel type among used car buyers researching their next vehicle purchase online, according to research from Buyacar.
Car retailers will be locked into a strategy of “retaining profit margins at all cost” as vehicle supply issues continue into 2022, according to Cox Automotive.
Evolution Funding hopes to accelerate its plans to lead digital change in automotive finance after appointing Daniel Reeve as chief technology officer.
