The UK car market is expected to hit its peak in terms of petrol vehicle numbers in 2024 although the industry continues to grapple with the the post-pandemic shortage of nearly 3 million cars not sold during that period, stricter Zero Emission Vehicle (ZEV) targets, rising competition from new brands and models - all at a time of lacklustre appetite for electric vehicles (EV).
Manheim Auction Services celebrated the highly successful launch of its new Gloucester specialist auction site in October 2024, setting new records in the process.
Auction house BCA achieved record-breaking used car sales volumes in October 2024, building on September’s strong performance.
Dealers have largely welcomed a range of measures from last week’s Budget, viewing them as beneficial for the used car market.
The used car market in the UK is set to close 2024 on a high note, with strong demand and stabilising prices, according to Auto Trader’s Retail Price Index.
New research from AA Cars reveals that 25% of UK drivers have bought a car online without seeing it in person, up from 21% last year.
Hendy Group has launched "Hendy Buy Any Car," a car-buying service aimed at providing a straightforward, user-friendly platform for people across southern England to sell their used vehicles at a fair market value.
The used car market has experienced remarkable growth over the past year, with the latest data from Marketcheck showing a 21% rise in listings since September 2023.
Used car marketplace Motorway is launching a new insurance product designed to protect dealers from mechanical and electrical issues when buying used vehicles online.
Drivers looking to buy a new diesel car are finding far fewer options, with the number of available diesel models dropping by 68% since 2015, according to new research from CarGurus.
Warrantywise has launched a new EV warranty plan, the EV Plus, designed to meet the specific needs of used electric vehicle (EV) owners and enhance consumer confidence.
Luxury marques emerged as the top-performers for potential dealer profit margins in Carwow’s online auctions during the third quarter.
Julian Stockton is bowing out of Uttoxeter-based used car retailer Angus MacKinnon after leading its sales operations for the last seven years.
The Vehicle Remarketing Association (VRA) is warning that the current health of the used car market could rapidly deteriorate in the last quarter of 2024, due to several emerging issues.
Manheim Auction Services is set to launch its new fortnightly sales programme at its Gloucester super centre on October 24.
G3 Vehicle Auctions chose its 15th anniversary last month to launch a new sales schedule designed to align sale events with the stock profile needs of its dealer network
Used car marketplace Motorway has reported significant growth in revenue and a reduction in operating losses.
Car supermarkets demonstrated their retailing efficiencies in September, achieving rapid sales despite reduced inventories, according to the latest Motors’ Market View report.
Autofinity has enhanced its retail management platform through integration with Auto Trader Connect, allowing users to access its used car pricing rating without switching between applications.
Ineos Automotive has introduced a new vehicle locator platform, making it easier for customers to browse and purchase pre-configured new and 'Certified by Ineos' used Grenadier vehicles.
Carsa, the used car dealership group founded by former Imperial Car Supermarkets executives, has signed up with car service and MOT franchise HiQ.
The Land Rover Discovery Sport continues to reign supreme in the used car market, marking its sixth straight month as the most profitable vehicle, according to Dealer Auction’s Retail Margin Monitor for August.
The government needs to take immediate action to prevent further instability in the used electric vehicle (EV) market which is undermining confidence in the transition to electric cars and driving up the cost of new EVs.
Accurate battery health monitoring will have a huge impact on the resale value of used electric vehicles (EVs) but consensus around certification processes will be essential to build the public’s confidence.
Startline Motor Finance has launched its first-ever funding options for used electric cars, signalling a significant vote of confidence in the stability of the used electric vehicle (EV) market.
