Franchised car retailers and their manufacturer partners have been warned that they are at risk of losing the battle for the used car market as emerging online disruptors assert dominance in stock acquisition.
The introduction of Clean Air Zones (CAZ) is a vital step towards the Government achieving its plans to phase out both petrol and diesel cars by 2030 to reduce emissions and combat climate change.
Car retailers have been warned that Government travel bans and delayes to the easing of COVID-19 lockdowns are likely to see the "huge accelration" in used car pricing continue.
The Motorpoint used car supermarket PLC aims to almost treble its revenues to £2 billion with a new “medium term” business strategy laid out in its 2020 annual financial results.
Aston Barclay has released its June used car desirability index with SUVs remaining the most in demand used car with UK buyers.
Almost a third of new car buyers are switching to the used car market in a bid to avoid stock availability issues and gain better value for money, a survey conducted by What Car? has found.
Carwow will provide car retailers with an opportunity to bid on privately-sold used vehicle stock following the completion of its acquisition of car buying comparison site Wizzle.
Sytner’s CarShop is set to follow in the tyre tracks of Trade Centre UK by developing a new used car supermarket on the site of a former Showcase Cinema.
The first multi-brand approved used car programme is launching in the UK with Stellantis, the OEM group created by the merger of PSA and FCA.
The Motorway used car stocking portal has raised an additional £48 million in a funding round led by Deliveroo, Etsy and Dropbox backer Index Ventures.
Constellation Automotive Group will expand the used car stocking and preparation capacity for BCA and cinch following the £80 million acquisition of Rockingham Motor Speedway.
Used car retail has long been an area of the market for retailers to show their entrepreneurial flair. But the focus on this area of the business could be even more important in the coming years.
Sytner Group’s CarShop used car supermarket division has appointed Jon Easton as its new operations director.
Hendy Group is taking part in a pilot car hire scheme with rental firm Karzoom.
A used car salesman has been ordered to complete 250 hours of unpaid work after claiming ‘ill health’ had prevented him from keeping company records - when he had deliberately disposed of them.
CarSupermarket and Motordepot owner Aramis Group is hoping to raise as much as £481m through an initial public offering (IPO) at as its targets “profitable growth” – including dealership acquisitions.
The Assurant-designed RAC Electric Vehicle Warranty has made its UK debut with its introduction by Sussex-based independent car dealer Andrew Shipp Motors.
Constellation Automotive Group has switched the focus of its Corby used car preparation centre from Cazoo to its own cinch online retail offering – delivering a potential 30,000 cars per year.
Dealers can benefit from additional used car profit opportunities in the current wholesale market now they can attend physical auctions again, according to Shoreham Vehicle Auctions (SVA).
The Finance and Leasing Association (FLA) has said that the consumer car finance market is expected to grow by 19% in 2021 and 22% in 22% following resurgent April trading.
Retailers are failing to keep pace with rapidly increasing used car values and selling one in four cars too cheaply, according to Indicata.
A ‘record’ 73 million visits on Auto Trader in May was accompanied by an 8.1% year-on-year (YoY) increase in the average price of a used car.
Toyota and Lexus will drive franchisees' aftersales customer retention by extending the warranty on its cars to 10 years and 100,000 miles through its new service-activated Relax scheme.
Aston Barclay has ranked the UK’s 25 most desirable used cars to showcase the capabilities of its new desirability index.
Soaring wholesale used car prices are “not recoverable” through retail price rises, creating an environment of ever-shrinking margins.
