Dealer groups are facing major buying restrictions or even total bans at auction in a bid to protect cashflow, according to Shoreham Vehicle Auctions.
Dealer-facing eBay Motors Group brand and consumer facing Motors.co.uk brand, have come together as a single entity, Motors.
Autorola UK has launched a new used vehicle inventory platform which helps dealers speed up and improve their used car vehicle preparation processes
A high degree of personalisation is key to capturing the attention of used car buyers online, a dealer webinar heard this week.
Cap hpi is calling on the industry to view values in real-time in a fast-moving market.
Online marketplace carwow has achieved its highest ever used car sale price with a Lamborghini Urus achieving £305,050 at auction.
Two Rugby entrepreneurs are celebrating after transforming a used car business during lockdown.
Used car marketplace Motorway is changing the hours of its daily live sale to enable dealers to start placing bids from 7pm the night before, until 3:30pm the following day.
The Ford Fiesta was the UK’s best-selling used car and the Toyota Prius was the second fastest-selling used car in September according to INDICATA’s latest Market Watch report.
CARZAR to meet unique needs of younger car buyers
Franchised dealers avoiding older, cheaper cars are missing out as Young people about to sit their driving tests are preparing to spend an average £4,124 on a used petrol manual car.
Significant falls in used car values should be seen in context since they remain up to 30% above where they were before the peak in prices seen in 2021
At mid-September Cap HPI’s data showed the average value of a used car was down -1.1%, and its values experts are expecting the month-end drop to be another 2% overall, similarly to August’s outcome.
Dealers forced to battle for used car stock are being warned to take extra care as new analysis by vehicle history checking company CarVertical suggests that one in 14 used cars under five years old have incorrect or falsified mileages.
Rupert Pontin, commercial director at One Auto API, takes a closer look at how risks right across the sector are ready and waiting to chip away at confidence, efficiency and, ultimately, profits.
The lack of new car supply over recent years will significantly impact the UK’s car supermarkets next year who will struggle to secure used cars in the 3–5-year age bracket.
Volkswagen is offering up to £4,500 to people affected by the expansion of London’s Ultra Low Emission Zone (ULEZ).
Suzuki launches approved used car warranty
Drivers are increasingly factoring in the impact of London’s Ultra Low Emission Zone (ULEZ) emissions standards, according to vehicle history checking service carVertical.
August’s average used car value is heading for a 2% drop, the largest yet this year, as the market “realignment” continues, says Cap HPI.
Concern is growing that the agency model could further restrict the supply of used cars, according to the latest monthly analysis from Startline’s Used Car Tracker.
The used car supermarket chain Big Motoring World has driven annual income past its pre-pandemic levels, recording £10,953,122 pre-tax profit in its recently published accounts for 2022.
Good deals are to be had as London motorists rush to ditch their non-compliant vehicles ahead of the expansion of London’s Ultra-Low Emission Zone (ULEZ)
The AM News Show podcast recently welcomed Perrys managing director Darren Ardron and Cap HPI director of valuations Derren Martin to the studio
Car leasing firm Octopus Electric Vehicles has introduced a salary sacrifice program focused on pre-owned electric vehicles (EVs).
