A survey conducted by NextGear Capital and Cox Automotive has revealed that more than half of used car retailers use a stock funding facility to fill their forcecourts.
Fleetondemand has appointed Andrew Cope as executive chairman, following a £5m investment in the tech firm by the Business Growth Fund (BGF).
Close Brothers Motor Finance employees volunteered 818 hours of their time for charity initiatives in October, the company’s volunteer month.
Former Northern 4x4 Centre boss Stewart Rogers has been handed an 11-year directorship ban after he defied a previous five-year order to run his Auto Testing Limited (ATL) business.
Auto Trader is offering car dealers the chance to advertise their entire stock of brand-new unregistered cars online for free until early 2019 as part of its launch a new service.
The Institute of the Motor Industry (IMI) is offering free expert advice to car dealers in an effort to help businesses maximise use of their Apprenticeship Levy funds.
Lee Coomber has joined Dealerweb as business development director, as the business targets further growth.
The Lead Agency has been named as one of the UKs fastest-growing tech companies in the 2018 Deloitte Technology Fast 50.
Startline Motor Finance has warned that an uplift in used vehicle prices prompted by WLTP-sparked new car shortages “will not resolve quickly”.
Car buyers in the US believe that 80% of the vehicles travelling on their roads will be electric (EVs) as soon as 2025, a survey published by Assurant has revealed.
Modix has welcomed Paul Flanagan and Jules Rastelli as two “industry heavyweight appointments” to its senior team.
Car retailers are preparing to accelerate their investment in used car sales for as the sector shows “no signs of slowing in Q3”, according to a survey carried out by Manheim.
Shoreham Vehicle Auctions (SVA) has called for south coast used vehicle dealers to donate any unwanted running vehicles or part-exchanges to its charity auction for The Chestnut Tree House.
The Information Commissioner’s Office’s (ICO) first prosecution under the Computer Misuse Act has resulted in a six month jail sentence for a former employee of Nationwide Accident Repair Services (NARS).
Millennials are the most likely car buying age group to have their purchase effected by the uncertainty surrounding Brexit, with many opting for cheaper used cars
Cox Automotive has reported 6.3% increase in used car volumes coming through Manheim auction sites during October as retailers battled for stock amid new vehicle supply shortages.
Auto Trader has reported a 7% increase in revenues and a 10% rise in operating profits in its half-year financial results for the six months to September 30.
BCA Marketplace’s executive chairman, Avril Palmer-Baunack, won the Outstanding Achievement as the remarketing specialist also claimed the Carrier of the Year awards at the seventh annual Automotive Global Awards.
InstaVolt has installed its 200th rapid charger, having put its first unit in the ground in Devon just over 12 months ago.
AutoProtect’s founding management partners have sold a 50% interest in the business to their joint-venture partners Correlation Investments Limited (CIL).
John Clark Motor Group has rolled out Car Delivery Network’s cloud based vinDISPATCH software across its network of 38 sites.
Car sharing marketplace Turo claims to have launched the “Airbnb of cars” in the UK and claims it will help UK car owners earn more than £6,000 a year from their idle vehicles.
High footfall, high calibre speakers and high-profile guests were highlighted on social media as Automotive Management Live 2018 was hailed a 'brilliant' success by car dealers and suppliers alike.
A choking of new vehicle supply to dealers’ showrooms triggered by the September introduction of WLTP will continue to drive a buoyant used car market into 2019, according to Cazana.
BCA has attributed a 1% slip in used car values during October to a shift in model mix amid increased volumes of ex-fleet and dealer part-exchange vehicles at auction during the month.
