A premium car dealer stands accused of conning five customers out of £147,500 after offering his customers deals that were “too good to be true”.
In the wake of the Society of Motor Manufacturers and Trader’s fully-year 2018 new car registration figures, Cazana valuations director, Rupert Pontin, delivers his market analysis for December, 2018.
Car retailers avoided a repeat of the record losses incurred during November 2017 with their trading during the penultimate month of 2018, but still posted an £8,500 average deficit.
Used car retailers experienced a 12.2% year-on-year rise in sales and 10% rise in finance penetration during December, according to Dealerweb.
BCA has launched a new app that will help to streamline the used car buying process to ensure its customers never miss a vehicle.
Auto Trader and Cox Automotive UK have completed the joint venture process to bring together their used car stocking platforms under a re-launched Dealer Auction business.
The Volkswagen Golf was the most popular car searched for on Auto Trader in 2018, overtaking the BMW 3 Series after an eight-year reign.
Used car values fell by 1.7% in December as demand weakened and dealers targeted stronger returns at the start of 2019, according to Cap HPI.
Independent premium used car dealer Oakwood Specialist Cars has completed a £100,000 upgrade of its showroom facilities less than a year after moving into the site.
Auto Trader has revealed that the average price of a car advertised on its used car retail platform reached an all-time record high of £12,967 in November.
Car dealers are once again being advised to think carefully about the wording used to advertise ex-rental vehicles following Pendragon’s £134,000 fine from the Trading Standards team at Middlesbrough Council.
Petrol powered used cars showed signs of increased popularity against their diesel counterparts at auction during November, according to statistics published by NAMA.
TC Harrison Ford and BCA have agreed on a two-year exclusive remarketing deal, which will see around 3,500 vehicles a year sold in weekly sales in Derby and Peterborough.
The Renault Grand Scenic was the fastest selling used car in November, taking an average of 17 days to sell according to Auto Trader.
Vantage Leasing has predicted an increase in electric vehicle (EV) leasing over the next two years, thanks to “strong second-hand market”.
Used car buyers searched for more Ford Fiesta and Focus models than any other car on Motors.co.uk this year.
Demand for used car stock remained high during November with “manufacturers still struggling to get vehicles onto dealer forecourts” four months after the disruptive introduction of WLTP emissions test legislation.
Manheim passed a landmark £2 million worth of sales mark with Thurlow Nunn just six months since launching a partnership with the AM100 group.
The Car Buying Group (TCBG) has put the used car inspection and valuation process into the hands of consumers with the launch of a new app.
Tootle has expanded into online used car retail by establishing a platform which allows car dealers to retail as well as replenish their second-hand car stocks.
Zoopla founder Alex Chesterman is preparing to launch an online used car buying platform after raising £30 million to drive his new venture, Cazoo.
The fastest selling used car in the UK last month was the Ford EcoSport, according to market data gathered by Autorola UK.
Dealerweb data has revealed that dealers saw used car finance grow at 15.4% in November against the same month last year.
Increasing numbers of used car dealers are turning to the classifieds and lower grade stock as demand continues to outstrip supply, according to Manheim.
Motorpoint Castleford has pulled out all the stops to adopt a festive feeling at its Castleford branch – building its own ice rink.
