Used car values have seen the second highest rise this year since 2005 as a combination of stock shortages and market demand push prices up, according to British Car Auctions (BCA).
Volvo’s approved used car programme Selekt has seen just 0.1% of customers return cars to dealers as part of its 100% satisfied policy.
Rapid expansion of model variations in the car market is posing the risk of growing confusion for tomorrow’s used car trade, according to CAP Automotive.
Dealers should not expect any shocks or dramatic activity in the used car market in Q4 as reduced values and increased supply have set the scene for a ‘soft landing’ according to CAP.
Manheim is launching a vehicle stock funding programme in the UK next year called NextGear Capital UK.
Vauxhall dealers which will be offering a £500 discount on approved used cars as part of a Network Q promotion.
Research by Accident Exchange has revealed that up to 300,000 cars previously involved in an accident could return to dealer forecourts by 2016.
Motors.co.uk will launch a national television advertising campaign in the latter part of 2013 as part of its push to raise its awareness with consumers.
Skoda dealers in the UK will now use Autorola’s remarketing system to help their used car operations grow.
Trusted Dealers, the online used car classified business operated in partnership with the National Franchised Dealers Association (NFDA), has launched an independent consumer helpline.
Recovery in the German car market is likely to end the cheap new car bonanza that has benefited hundreds of thousands of UK motorists this year, according to CAP Automotive.
The full line-up of speakers at AM’s Used Car Market Conference will collectively deliver one of the most informed and accurate insights into the market at one venue in one day when they take to the stage this week.
Increased used car stocking days aren’t a worry if the alternative is sacrificing good products, finds Philip Nothard.
Average values continued to rise in the used car market in September according to BCA’s latest Pulse report, with both fleet/lease and dealer part-exchange values reaching record levels.
AA Cars, the online used car classifieds portal, is investing £5 million in its business and will be offering a year’s free breakdown cover for customers that buy through the website.
Dealers need to take steps to continue to reap rewards in a seemingly buoyant used car market and focus on key areas to ensure they are best placed to continue to attract business, according to BCA managing director Spencer Lock.
Demand for used cars in the trade market remained unusually robust during September, with some values increasing – a noteworthy phenomenon for this time of year.
Manheim is predicting an increase of up to 20% in vehicle supply to the UK wholesale market during the next six weeks.
Up to 10% of vehicles at auction are bought by dealers without full information on the condition of the vehicle according to G3 Remarketing.
By working together fleets and franchised dealers can better meet the used car stock challenge, boost the used car market and make defleet a more efficient and profitable process, according to LeasePlan’s head of remarketing James Hopkins.
With much of the decision-making process for used car buyers taking place online, understanding the consumer’s virtual journey is vital in the battle to win customers, according to Google senior industry head Hugh Dickerson.
Used Car sales hit 7.1 million units in 2012, outpacing new car sales by climbing 6.4% and returning to pre-recession levels according to figures from the BCA Used Car Market Report.
The Volkswagen Golf has been named as the best used car of 2013 by What Car? at its annual used car awards.
RAC BuySure, the used car initiative which uses the RAC name for used stock which meets a set of standards, is targeting franchised dealers after initially launching with a focus on car supermarkets and independent dealers.
Used car buyers will continue to seek out vehicles which cost less to run despite recent upturns in the economy, according to Jay Nagley, managing director of Redspy.
