Auction firm City Auction Group has created a new fleet management department, following significant growth and development of its corporate vendor portfolio.
Pendragon forecasts the UK’s new car and used car markets to remain in growth in 2015.
Volkswagen is backing an "As Good As New" used car campaign with finance discounts and free servicing in order to tempt consumers to its dealerships.
Rare supercars sold by the UK’s first Ferrari dealership, Maranello Concessionaires, are to be auctioned in aid of the Royal National Lifeboat Institution.
The Citroen Grand C4 Picasso is the fastest selling used car for March, according to Auto Trader.
Car dealers are being promised the highest level of transparency and quality of business in a new trading portal launched by former Autotrademail staff.
Manheim has launched a new mobile auction unit in the form of a Volkswagen Amarok Ultimate pick-up, at this year’s CV Show.
City Auction Group has secured three new corporate vendors to boost the quantity of its ex-lease stock at the firm’s new, fortnightly auctions at Rockingham.
The volume of point-of-sale motor finance sales grew by 5% in February to more than 133,000.
Jaguar Land Rover UK hopes to increase peace of mind in customers buying a used Jaguar or Land Rover vehicle with its newly-revised approved used-car programme.
Benfield Motor Group is offering 0% APR interest (for up to five years) on all of its used cars from 8am tomorrow until 8pm on April 14.
Glass’s Rupert Pontin explains how residual values will be one of the main drivers behind increased uptake of electric vehicles.
Allianz Global Assistance UK has been chosen as the sole supplier of warranty services for Vauxhall’s approved used car brand, Network Q.
The team behind an ambitious bid to "revolutionise" online car sales with a free-to-list website aims to create a profitable business by plugging into the ‘internet economy’.
At auctions dealers are paying less for ex-fleet cars yet making more on their part-exchanges, according to information from Manheim, leaving them more margin in the used car sale since the recession.
British Car Auctions has been acquired by Haversham Holdings, a consortium of investors.
Financial Conduct Authority (FCA) regulations will have a negative impact on residual values.
The former management team of online trade-to-trade service Autotrade-mail are set to launch a new online car trading platform called www.cartotrade.com, at the end of May.
What is critical is the point at which the manufacturers recognise that they may need to revisit their targets if the current imbalanced situation continues.
Pendragon is re-opening a former franchised site in Leicester as a used car business under its Motorhouse brand.
City Auction Group says the city and small vehicle segments performed well at auction this month at its second auction at Rockingham, with the Mazda3 hatchback achieving the highest CAP value (124.1%), followed by the Ford Focus (123.8%) and the Mini Cooper (112.3%).
The supply of ex-fleet used vehicles has picked up significantly in the first two months of the year and the strong market looks set to continue through the first half of 2015, according to Andy Brown, managing director of online auction, Cars Direct.
Supply factors will also come into play this year – and these are likely to cause a greater imbalance in supply over demand – just as the used car sales slowdown is firmly under way
Used car sales rose by 2.6% in the third quarter of last year to reach their highest point since 2008, according to Experian.
Dealers continued to achieve healthy selling prices for part-exchange stock at auction in January, in spite of a slight fall in average value throughout the first month of 2015.
