Ten years after Motors.co.uk first entered the UK market the online car trading platform has taken time to reflect on the changing nature of the automotive industry.
The average price of used cars sold through Autorola UK’s online remarketing portal fell £228 in Q4 to £8,983 on the back of a higher average age and mileage.
The National Association of Motor Auctions (NAMA) has reported a 0.4% decrease in first time conversation rates but a 2% increase in the average vehicle value at auction in December.
Motorpoint has appointed Gavin Morgans as general manager of its £5 million Birtley car supermarket.
A surge in second hand car sales has been indicated by a 300% pro rata rise in sales via the Wizzle online marketplace, the business’ creator has claimed.
Hatfields will use a comprehensive range of Cap HPI data under the new agreement, covering HPI Check, warranty, spec check and Cap valuations all delivered via HPI Tradeweb.
Aston Barclay has renewed its solus agreement with Cargiant in a deal which will see its site continue to handle the car supermarket’s part exchanges throughout 2017.
New research reveals that buyers are increasingly prepared to buy cars online when they are backed up by the reassurance of a franchised dealer, according to NFDA Trusted Dealers.
Cap HPI has put digital services at the heart of its plans after announcing plans to bring an end to its printed editions, stating “it has outgrown the printed format”.
Used car prices rose in the wholesale and retail markets in December.
Record used car prices faltered as values for fleet/lease and dealer part-exchange vehicles fell during December, according to BCA’s Pulse report.
Sytner Group has signed an agreement to acquire the CarShop car supermarket business.
Kia’s Sportage emerged as the UK’s fastest-selling used car as Auto Trader collated data from the whole of 2016 to reveal the most popular vehicles soon to leave the forecourt.
Independent dealers look set to become the growth area for online motor finance during 2017, according to iVendi.
YouGov research commissioned by Carwow has revealed that customers would rather feel confident that they paid a fair price for their vehicle than the lowest possible price.
Cambria Automobiles plc has “maintained its momentum” following a strong showing in the last financial year, according to a statement issued ahead of the group’s AGM.
The used car market is set to exceed 7.7 million vehicles in 2016, beating last year's figure of 7.2m and the previous 2004 record of 7,731,609 vehicles.
The BMW 3-Series has emerged as Auto Trader’s most searched for car of 2016 as the online marketplace revealed its top 10 attractors of online traffic.
Analysts at Wizzle have identified a December ‘double whammy’ which sees consumers hoping to get more for their car than usual – just as the real value falls to its lowest point in the year.
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.
