Average used car prices rose by 0.4% at auction during November as wholesale used car activity "cooled slightly" throughout November, reported the he National Association of Motor Auctions.
Average used car values declined by 1.6% at three years 60,000 miles in December, a figure that compares to the same point last year, where prices moved downward by 1.8%.
Fairfield BMW and Mini part-exchanges and overage stock will be remarketed at Aston Barclay’s Chelmsford site as part of a contract which sees cars sold at weekly auctions.
Average values stalled in November as rising volumes of cars put pressure on lower quality stock, creating “a two-tier market as volumes climb”, according to the latest BCA Pulse report.
Renault UK has appointed Autorola as its official remarketing provider as part of a deal which will facilitate trader-to-trader trading within the 160-strong network.
Independent Motor Auctions has appointed a new sales director as it embarks on a period of recruitment following the acquisition of a Lancashire firm as part of its plan to expand.
A fifth (21%) of UK motorists have paid more for a vehicle than its true value with new drivers among the most common victims of over-pricing, according to research carried out by HPI.
The point-of-sale consumer used car finance market grew 12% by value and 9% by volume in October, compared with the same month last year, according to The Finance and Leasing Association.
Direct car sales are the biggest threat to Auto Trader but Brexit could prompt a two year business boom for the UK, according to chief executive Trevor Mather.
The Trade Centre Wales is set to open its second new superstore within nine months, crossing the border for the first time with the opening of a 12 acre, 1,200 car site in the West Midlands.
Carsnip has soared past its target to attract car listings from 5,000 car dealers six months earlier than expected – with 6,500 now taking advantage of the search engine.
BCA will aim to put digital services at the heart of its future plans after seeing a 25% increase in online sales over the past 12 months.
Tootle has struck up a partnership with Climb Online, the digital marketing agency founded by BBC Apprentice winner Mark Wright, .
Motorpoint has revealed revenue increased by 11.5% to £408.9m but operating profit before exceptional items down 32% to £7m in its half-year financial report.
Motors.co.uk saw a 17% in enquiries during October to record its best ever Q4 month.
GVE London has opened the UK’s first “full service” supercar showroom at a 20,000sq-ft facility offering the ability to maintain everything from a £1m McLaren P1 to an affordable hot hatch.
Big Cars will the big freeze reach its Witham showroom this winter as used car supermarket boss Adam Stott transforms the facility into an ice rink.
Liquidated used car supermarket, Caralot, had been criticised by Trading Standards officers who had investigated 77 separate complaints into the operation in the past three years.
TripAdvisor internet entrepreneur Langley Steinert claims that his new venture, CarGurus, is aiming to top the online car retail segment, stating “profitability isn’t an issue” as they target Auto Trader and Motors.co.uk.
Growth in the used car market continued in the third quarter of 2016 with a record 2,148,050 vehicles sold to consumers.
Demand for SUVs saw a seasonal boost as wholesale and retail average selling prices for used cars rose in October, according to data from Manheim and Motors.co.uk.
Dramatic differences in the values of cars offered to dealers across Britain are highlighted in a new study revealing Ely as the UK’s posh car capital.
Two hybrid vehicles made their debut in Auto Trader’s ranking of the UK’s ten fastest selling cars as the Ford Galaxy MPV secured its pace at the top of the pile for the second month in a row.
GForces has partnered with HPI to enhance its data offering by providing vehicle history checks on dealer websites.
Auto Trader is rolling out video adverts for retailers from today, with claims that user sessions last 13% longer and sales rates rise 10% on adverts featuring the new format.
