Rising book prices and a shortage of quality stock is driving dealers to source stock direct from private sellers, rather than using auction houses.
Three hybrids make the countdown of the fastest selling used cars.
CD Auction Group has signed an agreement with wholesale stocking plan provider NextGear Capital UK, to offer buyers a new way to pay for vehicles bought through the Cars Direct online auction.
Global information services company, Experian, has published its Used Car Sales Index which shows that sales fell by 3% compared to the same quarter last year.
Chasing volume and market share, and registering more cars than customers need, will lead to faster depreciation, warns CAP.
September proved another month of growth in part-exchange values for dealer stock, with all segments increasing prices compared to 2013.
One of the founders of TripAdvisor is planning to bring a version of the consumer opinion led businesses for car buyers to the UK.
Vehicle Trading Group (VTG) has acquired Trusted Car Buyers, an online car buying service that provides dealers with access to used car stock, direct to their door.
Car supermarket Cargiant has reported record results for 2013, with pre-tax profit up by 69% to £30.2 million, on turnover up by 31% to £398m.
Values in the used car trade market are now slipping and underperformed in September compared with the same month last year, according to CAP Automotive.
The Toyota Prius has topped Glass’s league of fastest selling used cars during August, taking an average of just 25 days to find a buyer.
If we don’t redefine the used car sales model, the customer will. This is the scary reality that Auto Trader will outline at this year’s AM Used Car Conference on October 21.
With more marketing channels than ever before and a dramatic change in the way and time of day customers find their next car, reaching customers has become more complex than ever before. It is a situation accentuated in the way different consumer segments prefer to shop (not that there is a single way).
“There’s so much untapped power to increase sales in a dealer’s DMS if only they would use it."
Britain’s best used car is the Ford Focus 1.6 Zetec five-door according to What Car?
The used car market is always challenging; October 21 is the opportunity to gain new ideas and insights to refine and refresh your approach.
Average used car values reached record levels for the second month running in August according to BCA's latest Pulse report.
Financial Conduct Authority guidelines and new customer rights legislaton could force dealers to pass on higher prices to customers.
The top 10 used car sold in July is dominated by Ford and Vauxhall with the Astra proving more popular than the Corsa for this first time this quarter.
Part-exchange vehicle values remained stable over the summer, reflecting confident consumer behaviour and a healthy trading period for motor dealers.
NAMA's monthly auction report for July shows that during July the average value of used cars sold at auction across the board increased 4% from £5,381 to £5,595, a 14% increase versus July 2013 and reflective of the higher proportion of younger cars now in the mix.
Reductions in average trade values for all used car sectors will range from zero to between one and two percentage points by October, according to the latest short term forecast from CAP Black Book Plus.
Average used car values reached a record high in July according to BCA’s latest Pulse report.
Motors.co.uk has launched a promotional tool which directs website visitors to recently reduced cars advertised by dealers, increasing visibility and engagement with stock that dealers typically find difficult to move.
More economical and greener electric and hybrid vehicles are becoming more popular in the used car market.
