Motorists are being driven into a ‘trade down’ mindset as they explore ways to save cash during the UK’s cost-of living crisis, according to research from V12 Vehicle Finance.
The number of car buyers who have bought a used car without seeing it first has doubled since the Coronavirus pandemic.
Used car buyers looking for an electric vehicle (EV) are prepared to wait up to 12 months for further price drops, according to new research.
Competitive pricing will help drive demand for emerging Chinese electric vehicle (EV) brands when they reach UK auctions as used cars, according to Aston Barclay.
Used car price growth accelerated to 2.3% year-on-year in a market that Auto Trader has asserted is in “robust health”.
Staff at Cazoo’s former SMH Fleet Solutions (SMH) used car refurbishment centre in Gloucester lamented the loss of the sprawling automotive business as it prepared to close its doors for the last time today.
Dealer Auction - the digital wholesale marketplace - has launched a promotion aimed at encouraging independent dealers to sell stock through the platform.
Used electric vehicle (EV) values have continued to decline as falling values dent dealer confidence but boost affordability for car buyers looking to make the zero emissions transition, Cap HPI has said.
Recent falls in trade values for electric vehicles (EVs) has deterred almost two-thirds of dealers from stocking them, according to research from Startline.
Motorway set a new record last week when it sold a nearly-new Ferrari F8 to a dealer for £235,383.
BCA has reported that it expects used car values to “remain strong” after 1.7% month-on-month rise in February – despite growing volumes.
The Finance and Leasing Association has forecast a 6% decline in the value of the UK car finance sector in 2023 – with used car finance falling by 12%.
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.
Tesla has risked further hit to used car residual values and increases to monthly finance payments with further price cuts to certain models in its electric vehicle (EV) line up.
Used examples of Nissan’s Leaf electric vehicle (EV) have defied the recent slump in pre-owned EV values to top Dealer Auction’s Retail Margin Monitor rankings in February.
Cazoo has announced the appointment of former CarShop chief executive Jonathan Dunkley as chief operating officer in a trading update published today (March 7).
Big Motoring World is hoping to score an ace with the opening of a new used car supermarket site in Wimbledon – its sixth location in a growing retail network.
Cazoo has removed 15 of its 22 used car handover centres from its website after staff were informed that a series of planned closures would be going ahead.
Shoreham Vehicle Auctions (SVA) will host its annual charity car and van auctions for the 12th successive year on March 27-28.
Strong demand for used vehicles, compounded by ongoing supply restrictions in the new car market, have driven growth in retail prices across the board last month.
The UK Government has asserted that its new Windsor Framework to refine post-Brexit arrangements for Northern Ireland will “protect” the country’s second-hand car market.
Motorpoint has started a recruitment drive to attract staff for its 20th used car retail site, which is set to open in Ipswich in May.
Limited supplies of zero-emission electric vans is creating “volatility” in a light commercial vehicle (LCV) sector experiencing a ramp-up in demand, BCA has said.
Longer used car warranties became more popular in 2022 due to the cost-of-living crisis and the ageing vehicle parc, the RAC Dealer Network has reported.
Cazoo has completed the disposal of the used car data insights platform Cazana for an undisclosed sum just over 17 months after acquiring the business for £25 million.
