Car retailers’ efforts to acquire affordable used cars for their forecourts have driven the sector’s vehicles to their highest February value growth since 2012, according to Cap HPI.
Dealers are missing out on the opportunity to increase car sales by failing to use Facebook automotive inventory ads, according to Honchō.
Confidence in the 2020 car retail market was expressed by 98% of respondents to a Close Brothers Motor Finance in a survey to gauge the mood among the sector’s businesses.
Car dealers’ part-exchange vehicles reached record values at BCA’s auctions during January as the sector continues to compete for a wide range of vehicle stock to fill their forecourts.
Quest Motor Group has credited its new Ecommerce platform for helping it to the most successful month of car sales in its history.
A third of car buyers do not know whether to opt for a petrol, diesel, hybrid or electric vehicle (EV) amid a fuel type confusion headache which is causing many to put off their next purchase.
heycar has completed the acquisition of long-established consumer automotive website HonestJohn.co.uk just weeks after it slipped into administration due to “significant cash flow difficulties”.
Car retailers are missing out on the chance to “turbocharge” their aftersales operations due to poor customer data, according to Marketing Delivery.
Franchised car retailers proved more resilient than then independent used car selling counterparts during 2019’s tough trading conditions, according to the CarGurus One Voice Report.
Motor traders have faced a dual challenge in the last year or so, reviewing their affordability assessments to meet new guidance from the FCA at a time of economic uncertainty.
Automotive Management (AM) is all set to celebrate the automotive retail sector’s most successful businesses and star employees at the AM Awards 2020.
Coronavirus has joined 2020’s shift to stringent EU CO2 emissions regulations to threaten UK car dealers’ supply of vehicles and parts, according to Cox Automotive.
Car dealers achieved their lowest return-on-sales (RoS) figure since 2011 in 2019 after rounding off a “tough” year with a £1,700 loss in its final month, according to ASE.
January’s usual flurry of new car discounts appear to have failed to generate the “boost in fortunes” usually delivered by the first month of the new year, according to Rupert Pontin, director of insight at Cazana.
Citroen franchisees have been revealed as Britain’s biggest new car price discounters in research compiled by What Car? magazine.
Cargiant has renewed its exclusive remarketing contract with Aston Barclay to continue a relationship which has delivered £87 million of used car sales in the past five years.
Supplies of EVs and used cars, consumer demand and efficiency issues will all impact car dealers in 2020, with 54% anticipating increased pressure on profit margins according to a Cox Automotive sentiment survey.
CD Auction Group has launched its used car stocking app as it looks to back-up predictions that the number of vehicles sold off-site will soar to 50% in 2020 following.
Aston Barclay has reported an 8.5% rise in the value of used cars in 2019 as every single market segment delivered a price increase.
An increase of 167% in the number of used electric vehicles (EV) entering the UK market in December failed to meet consumer demand, according to Auto Trader – with values remaining high.
UK motorists realised their love of SUVs last year as the segment led Indicata’s monthly fastest-selling cars rankings for nine out of 12 months.
EMaC is expanding its Aftersales Academy to give 150 car retailers the chance to strengthen their sales and customer service expertise in 2020.
The Financial Conduct Authority (FCA) said, as part of its 2018/2019 Business Plan, it would strive to investigate the effectiveness and impact of its interventions into certain markets and industries.
The Mercedes-Benz A-Class attracted more enquiries from leasing customers than any other vehicle during 2019, according to data compiled by Leasing.com.
BCA sold more used cars through its auctions in a single January week than at any other time in its history as it got off to a strong start in 2020.
