Car retailers’ efforts to acquire affordable used cars for their forecourts have driven the sector’s vehicles to their highest February value growth since 2012, according to Cap HPI.
Dealers are missing out on the opportunity to increase car sales by failing to use Facebook automotive inventory ads, according to Honchō.
Stoneacre Motor Group has revealed detail of a 24.9% turnover increase in annual turnover and a 31.2% increase in pre-tax profits in annual financial results to April 31, 2019.
Mercedes-Benz has created an online app to help car buyers locate both new and used vehicle that are currently in stock and available to buy in the UK.
Used electric cars pose a problem for the motor finance industry, which may not be ready in time for the Governments 2035 ban on the sale of petrol and diesel cars.
Car dealers’ part-exchange vehicles reached record values at BCA’s auctions during January as the sector continues to compete for a wide range of vehicle stock to fill their forecourts.
Quest Motor Group has credited its new Ecommerce platform for helping it to the most successful month of car sales in its history.
A third of car buyers do not know whether to opt for a petrol, diesel, hybrid or electric vehicle (EV) amid a fuel type confusion headache which is causing many to put off their next purchase.
The RAC Dealer Network is looking for 170 used car retailers to join it this year.
Coronavirus has joined 2020’s shift to stringent EU CO2 emissions regulations to threaten UK car dealers’ supply of vehicles and parts, according to Cox Automotive.
The UK’s used car market ended 2019 just 0.1% down with 7.9 million sales following two months of growth in the second half of the year, the Society of Motor Manufacturers and Traders (SMMT) has reported.
Car dealers achieved their lowest return-on-sales (RoS) figure since 2011 in 2019 after rounding off a “tough” year with a £1,700 loss in its final month, according to ASE.
January’s usual flurry of new car discounts appear to have failed to generate the “boost in fortunes” usually delivered by the first month of the new year, according to Rupert Pontin, director of insight at Cazana.
Used car dealers are failing to communicate the value of their warranty offer, according to new analysis from AutoProtect.
Cargiant has renewed its exclusive remarketing contract with Aston Barclay to continue a relationship which has delivered £87 million of used car sales in the past five years.
Supplies of EVs and used cars, consumer demand and efficiency issues will all impact car dealers in 2020, with 54% anticipating increased pressure on profit margins according to a Cox Automotive sentiment survey.
Online car marketplace BuyaCar will offer vehicles up to six years old in response to customer demand for more choice.
The used car market is predicted to achieve growth in 2020, following a boost in consumer confidence achieved after the general election.
CD Auction Group has launched its used car stocking app as it looks to back-up predictions that the number of vehicles sold off-site will soar to 50% in 2020 following.
Players form Swansea’s Ospreys rugby union team paid a visit to Motorpoint’s new used car supermarket to kick-off operations at the 500-car facility.
Aston Barclay has reported an 8.5% rise in the value of used cars in 2019 as every single market segment delivered a price increase.
Mercedes-Benz UK has appointed Mercedes-Benz Financial Services’ customer operations director Sally Dennis as its new used cars and remarketing director.
Used car dealers’ efforts to “buy up as much stock as physically possible” saw January buck an eight-year trend of declining January values with a 0.6% increase, Cap HPI data has indicated.
The Finance and Leasing Association (FLA) has said that the used car finance market looks poised to deliver “record levels of new business” in 2019 as it revealed its results for November.
Auto Trader’s fastest selling used car of 2019 – the Renault ZOE electric vehicle (EV) – has retained its status as the platform’s most desirable vehicle in the first month of 2020.
