The average UK car retailer recovered more than half of the losses suffered during a Q2 trading period devastated by the COVID-19 coronavirus lockdown, according to ASE Global.
The new and used car finance markets returned to growth in July as showrooms across the UK re-opened their doors following the COVID-19 lockdown period, the Finance and Leasing Association (FLA) has confirmed.
Used car retailers increased their stock turn by 11.8% month-on-month as demand for vehicles continued to drive up values at auction houses across the UK, according to Cox Automotive and eBay Motors Group.
Aston Barclay has launched a new dedicated LCV sale at its Donington Park site, as part of its expanding focus on commercial vehicles.
Cazoo will launch a series of new TV and radio adverts this weekend as part of its ongoing multi-million-pound marketing campaign.
Average used car prices on Auto Trader have increased for the fifth consecutive month to £13,705, up by 6.1% in August year-on-year.
Premium used cars have been hailed as “pandemic proof” by online vehicle stocking source Motorway after the value of Land Rovers, Lexus and Maseratis rose by over 8% year-on-year.
Pendragon will rebrand and restructure its Car Store used car division while driving digital innovation in a new growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.
Cazoo founder Alex Chesterman has revealed plans for “couple of dozen” Customer Centres across the UK following the opening of the online car retailer's first vehicle handover and servicing facility in Manchester today.
BCA has updated its Buyer app to include a new feature that allows dealers to leave proxy bids on any number of vehicles in forthcoming sales.
Shoreham Vehicle Auctions (SVA) has welcomed physical buyers back to socially-distanced auction halls after preparing its locations to limit COVID-19 transmission.
Mervyn Stewart has launched a new Select Used Cars business after £2 million in new funding allowed the business to acquire and redevelop the site of its former Infiniti dealership in Belfast.
The Sytner Group's Carshop operations director Kirk O’Callaghan is set to join Carzam as chief executive ahead of the launch of the digital used car market business.
Motorpoint will highlight its online retail and home delivery car buying process in a new ‘Your Car, Your Way’ TV advertising campaign.
Used car values showed little sign of an impending “market correction” as prices rose by an average of 0.2% across the sector during August, Cap HPI has reported.
Savings on nearly new 2020-registered cars are putting pressure on new car sales targets for September’s registration plate change.
Car buying platform, YesAuto, has launched its online shop and car information hub, to ‘support customers through every stage of the car buying journey’.
G3 Vehicle Auctions has revealed plans for a new 14-acre ‘vehicle marketplace’, located off junction 32 of the M62 in Yorkshire, as part of its expansion.
Motorpoint has reported that business at its 13 used car supermarkets has been “comfortably ahead” of 2019 in the period since the COVID-19 lockdown restrictions were eased on June 1.
BCA has introduced a digital click and collect service for auction purchases, to meet the changing needs of customers in the post-Coronavirus market.
Marshall Motor Group has agreed a new, three-year deal with vehicle remarketing provider, Manheim.
Strong growth in average used car prices has continued into August based on data from the 12,500 retailers currently advertising on Auto Trader.
Car dealers are adopting new technology to meet new purchasing demands among car buyers, according to the latest research from CarGurus.
Hyundai Motor UK is aiming to boost consumer confidence in pre-owned electric vehicles (EV) as part of its new ‘Hyundai Promise’ approved used car scheme.
Lotus is launching a new Certificate of Provenance programme, revealing the first recipient as a Turbo Esprit, that was the final ‘company car’ of Lotus founder, Colin Chapman.
