Rockingham Motor Speedway has announced its plan to turn into an automotive logistics hub, creating at least 200 new jobs over the next eighteen months.
Used car prices rose 8.8% month-on-month and 8.1% year-on-year at auction houses across the UK during July despite a lower first-time conversion rate indicating a greater level of available stock, NAMA has reported.
The founder of the Europe-wide used car stocking platform Auto1 has said that artificial intelligence will help it meet the needs of retailers from Walsall to Warsaw - and avoid the effects of an economic downturn.
Motors.co.uk claims that a Google algorithm update has helped to propel its organic online traffic to a 30% surge in growth during August - claiming one of the best results by any UK-based website.
Volkswagen Financial Services UK will offer car dealers the chance to buy discounted cars and vans via a new ‘Last Chance to Buy’ online auction set up in partnership with epyx.
Cox Automotive has reported signs of a positive upturn in the used car market after a 7% rise in prices at its Manheim auction centres during July.
There is little doubt the outstanding weather had a part to play in the more difficult trading conditions. Economic concerns have also played a significant.
Cox Automotive and Auto Trader have launched a joint venture to drive growth of the Dealer Auction automotive wholesale marketplace – promising car retailers a greater choice of vehicle stock.
Used car sales volumes declined by 2.6% year-on-year during the first half of 2018, despite remaining largely flat during the second quarter, the SMMT has reported.
Lookers chief executive Andy Bruce has said that the he expects the car retail group to “meet market expectations for the full year” after reporting a 5% rise in turnover to £2.58m during the first half of 2018.
Used car prices declined by 1.8% at BCA auctions during July as a year-on-year increase of 5.5% continued to be credited to “strength in depth across the used car market”.
Carwow’s YouTube channel claims to be rivalling Top Gear after reaching a one million subscriber milestone with its mix of car races and reviews.
Mercedes-Benz Vans has teamed up with Allianz Partners to launch a new Approved Used Van Programme which offers a 24-month warranty on vehicles up to four years old.
Manheim has signed a three-year partnership extension with Leasys UK, allowing collaboration on a national sales programme until at least 2021.
Motordepot is preparing to complete a programme of growth which will have doubled the the size of its UK network in just 12 months with the opening of a new car supermarket in Stoke.
CarGurus claims to be "the fastest growing major automotive shopping site" after its Q2 revenues grew by 45% year-on-year and its unique monthly user base swelled by 54%.
Motorpoint has announced that its Glasgow showroom is to be opened by BBC Scotland Still Game stars Jane McCarry and Mark Cox.
City Auction Group has appointed David Macklin as operations manager at its Rockingham remarketing centre.
Used car buyers are expecting a purchase experience on a par with new, according to CitNOW research to be explored at the video specialist’s Best Practice session at Automotive Management Live 2018.
Pendragon has blamed the performance a faltering UK Motor Division for a 41.4% fall in underlying pre-tax profits in financial results for the first half of 2018.
The used car market will shrink by 3.7% to 7.86 million sales during 2018, according to a forecast published by Cox Automotive.
G3 has won an exclusive remarketing contract with First Response Finance Ltd following a unique "Champion Challenge" tendering process.
Fresh Motors founder Jacob Freshwater has said that creating the right environment for used car sales was central to his Rising Star award win at the recent Auto Trader Retail Awards.
Almost two in five dealers have highlighted stock acquisition as the number one commercial challenge in their used car business.
Used car sales have been boosted by 6% in July from leads fed through from dealers’ service departments, according to data lead management company enquiryMAX.
