The erosion of used car trade values is slowing and the market shows signs of stabilising, according to CAP Automotive.
MPVs, 4x4s and executive cars are worst hit as buyers’ habits are changing
Used vehicle wholesaler, Manheim, has confirmed that conditions in the UK automotive market are the most positive it has seen in four years.
RAC Cars has now launched into the crowded market of online used car classifieds but it believes the level of trust it can offer to customers will be a point of differentiation from competitors.
New cars are facing heavier depreciation as models go out of style quicker than they did 30 years ago, according to CAP.
Sunday Times Driving will be moving to a cost-per lead advertising model for dealers from June 3.
Drayton Group has signed a remarketing deal with BCA for 2,000 vehicles annually.
BCA, the vehicle auction company, has told AM it has signed a deal to purchase webuyanycar.com.
The National Franchised Dealer Association (NFDA) has acquired a majority stake in the dealer-owned used car classified website trusteddealers.co.uk.
A long period of stability in used car values has given way to falling prices in the trade, according to CAP’s Black Book Live tool.
A tougher business climate than 12 months ago is being reported this year by independent used car dealers, according to CAP Automotive.
UK market seen as a ‘honeypot’ as mainland Europe’s car sales continue to fall.
Upturn in stock means values and conversion rates will come under pressure.
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What should dealers be doing if the plate change sales failed to live up to expectations?
Driving.co.uk's new general manager Jim Murray-Jones has spoken to AM about why the business has lowered the price of entry to advertise stock on the website to £1,100.
Glass’s has announced its league of fastest selling used cars, and this month sees the Lexus RX400h swooping in to re-take the top spot, followed closely by Land Rover’s Discovery 4.
Our research has consistently shown franchised dealers to be more optimistic about future business prospects than their independent counterparts.
The average values of used cars sold at auction across the board decreased from £5,359 to £5,013, equivalent to a 6% decrease between February and March, according to the latest figures from the National Association of Motor Auctions (NAMA).
Pressure on late plate used car values is a “shadow hanging over the market” according to Black Book Live – the independent real time guide to used car price trends, published by CAP.
Jardine has signed an exclusive remarketing agreement with BCA.
But underlying fragility prompts warning of an inevitable readjustment to come
Petrol cars are making a strong come back in the used market as buyers realise they do not cover enough miles to justify the extra purchase price and higher fuel prices connected with a diesel model, says Autorola.
Online auction company G3 Remarketing has taken a five-year lease on a former Warburton Bakeries distribution centre off junction 30 of the M62.
