Manheim Online had a record-breaking start to the year with an 11% growth in volume over its previous record.
City Auction Group is celebrating its three-year anniversary at the Rockingham auction facility with the launch of weekly sales following record growth last year.
Work has been completed on the Vroom Car Retail Park expansion, with the Newcastle-based car supermarket now capable of housing a further 250 vehicles.
Listers Group has formed a partnership with CarGurus, which will see its used Audi stock available to buy online.
The Scottish Motor Trade Association has teamed up with Trading Standards to deliver a new set of guidelines to used car dealers operating in Scotland.
Premium used cars struggled to achieve top values at auction as hammer prices painted a “subdued” picture during January, according to the National Association of Motor Auctions (NAMA).
A US-based start-up called Fair is rolling out a used car finance app that connects customers with dealers’ approved used car stock online and is looking at launching in the UK next year.
Research from iVendi has shown that used car buyers conduct the most searches between 7pm and 9pm on Sunday.
The impact of motorists’ shift from diesel to petrol-powered vehicles could create a “culture shock” for used car retailers in two years’ time, the VRA has claimed.
Land Rover used values are appreciating ahead of 2019 new Defender sales, giving dealers a profit opportunity.
The UK used car market “remained strong” in 2017, dipping just -1.1% compared to the previous year, according to SMMT report.
City Auction Group is in a new business partnership with Vauxhall Finance following Northern Irish auction success.
Auto Trader has revealed that the Mini Cooper was the fastest selling used car in January followed by the Fiat 500X.
A 9% drop in new car sales compared to the previous year confirmed that the "market is getting tougher" but used car opportunity remained strong in January, according to enquiryMAX.
Pendragon’s share price has rallied following the publication of full-year financial results revealed the AM100’s second largest retail group had suffered a 19.9% dip in underlying profit before tax.
Values of used cars have continued to strengthen in February, according to Cap HPI’s Black Book Live.
The Finance and Leasing Association’s head of motor finance Adrian Dally has said that lenders expect a “stable” 2018 after full-year results from 2017 revealed new business had grown 2% by value and 7% by volume.
Used vehicle values rose by 7.88% as BCA auctions processed record volumes of car sales in its auction sites across the UK during January, its monthly Pulse Report has revealed.
Aston Barclay has reported that sales of diesel-powered ex-fleet cars have reached a two-year high value at its UK auction sites – indicating the fuel still holds appeal to traders and consumers.
The European Parliament has approved amendments to vehicle type-approval legislation which includes maintaining access to a vehicles OBD port for aftermarket repairers.
Auto Trader sees used diesel car prices rise by 3% Used diesel car prices rose by 3% as the average price of a used car rose 6% industry-wide, according to Auto Trader’s Retail Price Index. Despite a fall in the share of searches by fuel-type targeting a diesel vehicle, 71% In November 2016, to an annual low of 53% in January, diesel car sales via the online marketplace generated an average value of £14,405 in last month, compared to the £12,775 realised by the average used car sale. The Auto Trader Retail Price Index analyses data from over 500,000 trade used car listings every day, as well as additional dealer forecourt and website data to deliver its monthly statistics. It said that the £777 increase in the value of a diesel car sold via its platform represented “a promising start for used diesel prices” However, petrol saw a more impressive leap in used prices in January, recording an average price of £10,713, which is a £1,733 jump on January 2017 – representing a 10% increase on a like-for-like basis. Online searches for petrol cars, meanwhile, have steadily risen and accounted for 43% in January 2018, compared to just 26% in November 2016. In January 2018 4% of all fuel-related searches were attributed to alternatively fuelled vehicles, which was no movement from December and a 1% increase year-on-on. Comparing the total volume of AFV searches across the year, the number of searches for AFVs on Auto Trader increased 65% between 2016 and 2017, with electric alone recording a huge jump of 84% in searches. Karolina Edwards-Smajda, Auto Trader’s retailer and consumer product director, said: “With new diesel registrations continuing to tumble, it’s very reassuring to see used diesel prices not only retaining their value, but actually increasing in January. “It’s clear, however, just how harmful the government’s strong anti-diesel stance has been on the automotive industry. “We can see that the misstep in not clarifying the difference between new Euro6 and older vehicles has seriously dampened consumer buying confidence, reflected in both the ongoing fall in new diesel registrations, as well as the searches on our market place.”
Shak’s Specialist Cars (SSC) in Hudderfield has been named Business of the Year at the 2018 British Muslim Awards.
Cap HPI has appointed Derren Martin as head of current valuations following the announcement that senior editor James Dower is leaving the business.
BCA Nottingham’s Top Car Sale showed further signs of strength in the luxury and supercar sector as online bidders accounted for 85% of its auction stock.
Cap HPI has announced the appointment of Max Robert Mueller as future car value manager for Germany as it continues to drive growth on the continent.
