More than a third (34%) of dealers are stocking more economical cars to meet the needs of buyers during the cost of living crisis.
The recent decline in used electric vehicle (EV) values has kickstarted demand among buyers and led to an increase in sales.
Auto Trader has diagnosed the used car retail sector with “robust health” after reporting a 0.7% rise in the average value of a vehicle during February trading.
Dealers are going above and beyond obligated checks to ensure they receive a high-level of testing and inspection before sale, research by WMS Opteven has shown.
Sales teams must focus on making every customer interaction an “empathetic and positive experience” in order to boost used car stock turn, says Judgeservice.
Used car inspection cans reduce the time it takes a vehicle to sell and ensure it remains roadworthy, according to DMN Logistics.
Car retailers who suffered “significant pain” as a result of a recent slump in used electric vehicle (EV) values could soon be seeking out zero emission forecourt stock once again, according to Cap HPI.
The Vehicle Remarketing Association (VRA) has called for Government to introduce new incentives to support motorists looking to adopt zero-emission transport through the purchase of a used electric vehicle (EV).
A “busier than expected” start to 2023 continued to drive the used car sector’s imbalance between supply and demand – propelling values to a record £18,937 on eBay Motors.
Former Motorpoint operations director Paul Winfield has died, aged 68, prompting a flurry of tributes to an “inspirational” and “lovely human”.
The automotive sector’s new car supply “squeeze” has been blamed for an 8.5% decline in used car sales during 2022 – with margins remaining strong as retailers struggled to source stock.
Strong demand for Volvo’s XC90 and the Renault Kadjar in January singled the two SUVs out for praise in Dealer Auction’s Retail Margin Monitor analysis as Jaguar Land Rover (JLR) products continued to reign supreme.
Cazoo has completed a ‘reverse stock split’ process to merge its share capital in bid to boost trading values on the New York Stock Exchange (NYSE).
Manheim Auction Services has raised a further £20,467 for children’s charity Make-A-Wish UK with a special auction of donated vehicles and other items.
Stellantis-owned Aramis Group has bucked the trend for used car refurbishing centre closure with the opening of a new 15,000 square metre facility in Hull.
Is encouraging the scrappage of roadworthy cars – even ones that don’t meet certain emission standards – the right way to go about improving air quality in urban areas?
Used car prices have continued to climb, reaching the 34th month of consecutive growth, according to Auto Trader.
Luxury used car retailer Autovogue has ceased trading after blaming “failing used Jaguar Land Rover vehicles” for its faltering financial fortunes.
Sales of new and used cars fell by 13% in a “conflicting” January, when compared to the same month last year.
Motorway has asserted that it has “significant funding reserves” to drive further growth after more than doubling its used car sales revenues to £1.7 billion in 2022.
Premier Car Supermarket has expanded into Kettering with the completion of the new facility on a 3.55-acre site at Cransley Park.
Almost half of in-market car buyers lack faith in the approved-used car programmes offered by dealers and manufacturers.
A festive rush to stock petrol and diesel cars triggered 25% sales growth at UK auctions as consumers cooled on the idea of buying a pre-owned electric vehicle (EV).
Dealers and remarketing firms need to increase their investment in vehicle reconditioning to ensure older vehicles meet the expected retail standard.
Motorpoint chief executive Mark Carpenter has insisted the car supermarket group will succeed in its goal of becoming a “highly profitable market leader” despite faltering finance commissions and used vehicle margins.
