Sytner Group recorded a 9.3% decline in profit before tax as it generated a record turnover during 2017, annual financial results have revealed.
Auto Trader has reported that the average price of a used car offered for sales on a dealer forecourt reached a record high of £12,853 during September.
BCA has delivered further evidence of the soaring value of used vehicle stock for car dealers during September as average prices reached the highest level the remarketing specialist has ever recorded.
Car dealers reported an 11% increase in used car sales during September as the average value of each sale declined by 8%, according to EnquiryMAX.
Vertu chief executive Robert Forrester has said that the business is actively looking for new investments after putting in place further measures to further strengthen its “ultra conservative” balance sheet.
In-line with the recent prediction from the Met Office that the UK faces its coldest and harshest winter in a decade, buyer services manager – Alex Miles – at G3 Remarketing, offers his advice to dealers on how they can prepare their forecourts now.
The Financial Ombudsman Service has adopted Cazana’s vehicle valuations in order to assess the value of written-off vehicles.
Putting even £5,000 into the right part of their businesses could reap big rewards for used car retailers
Franchised car dealerships failed to make the grade in The Sunday Times Grant Thornton Top Track 250 league table as it ranked Britain’s private mid-market growth firms by latest sales.
Instant car buying websites are “quoting unrealistically high car valuations online to attract customers” and chipping the price, according to Motorway.co.uk research.
Trade prices for used cars have reached such a high level that dealers relying on finance and insurance (F&I) for profitability, the Vehicle Remarketing Association (RMA) has said.
A used car supermarket boss has offered a £20,000 reward for any information that leads to a conviction or return of "more than a dosen" vehicles stolen in a raid on his Sheffield forecourt.
The number of cars sold on finance grew by 9% in August, when compared to figures for the previous year.
Donnelly Group reveals plans to bring Honda franchise and a Motorstore used car supermarket to Bangor after completing the acquisition of the town’s Shaws Citroen car dealership.
A gang of more than a dozen car thieves have carried out a late night raid on an independent used car dealer in Sheffield – making off with 14 vehicles worth around £120,000.
BCA will unveil a new back-to-back auction lane facility when it officially opens its redeveloped Nottingham site with a BMW Group remarketing event on October 4.
Startline Motor Finance has predicted that dealers may shift their emphasis towards used cars in 2019 as a result of increased economic uncertainty.
The BCA team has celebrated the successful completion of a 245-mile cycle challenge to Amsterdam’s Royal Palace, raising an estimated £100,000 for Action for A-T charity.
The diesel-powered version of Mitsubishi’s Outlander SUV was the fastest-selling used car on Auto Trader during August – taking an average of just 17 days to leave forecourts.
Motorpoint brought the silver screen into its car showroom in Sheffield and succeeded in raising £5,400 for Bauer Radio’s Cash For Kids charity organisation.
Used electric vehicles (EV) rose in value during September despite static performance elsewhere in the sector, according to research from Cap HPI.
BCA Paddock Wood sold a record-breaking 620 vehicles during its one-day Motorline Mega sale.
Delegates at the Vehicle Remarketing Association’s The Challenges of 2019 seminar will be able to hear about the current state of the used car market and how it is likely to develop from Zeus Capital analyst Mike Allen.
Used car retailers could be set for a bumper year, with at least half of buyers turning to the used market according to new research from CitNOW.
Avis Car Rental UK will allow car dealers and trade buyers to purchase its de-fleeted vehicles via a new online sales portal developed in partnership with CD Auction Group.
