Consumer car finance remained up 7% by volume in the year to the end of October despite an 11% decline in October, according to Finance and Leasing Association (FLA) data.
A rapid rate of stock turn has traditionally been a sure-fire way for car dealerships to maximise their used car profits and forecourt space.
Clive Brook Group, Drive Motor Retail, Hendy Group, Inchcape Retail and Jemca Motor Group have all ramped-up their acquisition of private used car stock in 2021.
Used car prices remain at all-time highs and retailers have been told they will have to "buy smarter" to remain competitive as the trend continues into 2022.
The average advertised price of used cars hit a new high for the year in November, according to the latest Market View from eBay Motors Group.
As certain used cars were hit by “significant price decreases” in November Cox Automotive has asserted that prices will never dip back to pre-pandemic levels.
Electric vehicles (EVs) registered in 2020 have been representing more than a quarter (27%) of all one-year-old car sales in recent weeks, according to BuyaCar.
Motor Connect has grown its online used car retail partnership with 30 independent dealers in the space of three months.
Carwow has raised $55 million (£41.5m) to scale its Sell Your Car division after the used car stocking platform delivered 600% revenue growth in just six months.
MPVs continued to star in Auto Trader’s top ten ranking of the used car market’s most appreciating vehicles, with the Seat Alhambra emerging as number one in November.
Volkswagen’s range of service plans, as well as the new All-in integrated aftersales service package, are subject to a 25% discount until December 15.
Cazoo has vowed to grow its car inventory in Europe after officially launching its online car retail offering in France and Germany today.
A stabilising of values in the used van market in recent months may highlight “what’s to come” for the used car sector, according to remarketing giant BCA.
Carzam has raised £112 million to in a development that the online car retail business believes will propel it into its “next chapter”.
Motorway has set its sights on “further massive opportunity” in the automotive retail sector after achieving ‘unicorn’ status with a $1 billion (£750m) valuation.
Sales of used electric vehicles (EV) have accelerated past their petrol counterparts and are now leaving forecourts faster, according to new data from Auto Trader.
Car retail’s staffing crisis, a celebration of inspiring automotive women and in-depth insight into the soaring used car market all feature in a packed December edition of Automotive Management (AM) magazine.
Used car dealers are buying cheaper used cars at physical auctions as they search for ways to avoid the impact of limited vehicle supplies and soaring values, according to Shoreham Vehicle Auctions (SVA).
The HMRC has clarified the terms of post-Brexit tax arrangements for car retailers operating in Northern Ireland after changes to the margin scheme created a “hidden trap”.
Inchcape UK has unveiled the new bravoauto for its expanding used car retail division ahead of its expansion to 20 locations in the next three years.
Eden Motor Group chief executive Graeme Potts said that one of the business’ used car customers was “bowled over” when they became the surprise recipient of a £10,000 cash giveaway.
The UK’s used car price rises are the highest in Europe, according to new data published by Indicata.
The average UK car retailer saw their monthly profit soar by 189.7% year-on-year in what the SMMT had described as a “desperately disappointing September”, according to ASE.
A television advert for the Motorway car buying service has been banned by the Advertising Standards Authority (ASA) after allegation that it “encouraged driving behaviour that was dangerous”.
An 80th consecutive week of increasing used car values and the highest level of UK inflation for a decade is unlikely to temper consumers’ appetite to buy a new vehicle, Auto Trader has said.
