Pendragon will re-launch its CarStore division with a new hybrid sales process designed to remove the “restrictive” process of traditional retail and new online rivals, chief executive Bill Berman has told AM.
Auto Trader has predicted “continued strong price growth” in the used car sector following a 30.5% surge in values during December.
Environmental and sustainability considerations are the top driver for those buying used electric and hybrid cars, according to eBay Motors Group.
Cox Automotive has said that “volatility” is set to define the car retail sector in 2022 as stuttering car supplies combine with rising inflation and changes to OEM and consumer relationships.
Former Paddy Power and Lastminute.com tech expert Edgardo Savoy has joined the “fiercely ambitious” team at online car retailer Carzam as chief technology officer.
Vertu Motors has acquired a site for a new Bristol Street Motors MotorNation used car dealership business in Stockton, Teeside.
The Advertising Standards Authority (ASA) has dismissed a complaint which questioned WeBuyAnyCar claims that customers usually travelled no more than 15 minutes to a local branch.
BCA said that the wholesale used car market showed signs of moving towards a “more stable” footing after average sold values declined by 19% in two months.
Van buyers are up to 40 times more likely to go ahead with a purchase than those looking at the most popular car models, finds BuyaCar.
Lookers has boosted its fleet of vehicle delivery and collection vans alongside the launch of a new ‘click and sell’ online used car buying platform aimed at sourcing used car stock from private sellers.
Government’s ‘Plan B’ to mitigate against the approaching “tidal wave” of cases of the Omicron variant of COVID-19 have done little to dampen rising used car values, according to Auto Trader.
Motor retail executives from CarShop, Humphries And Parks, Available Car and eDynamix will discuss methods of improving stock turn at this afternoon's AM webinar.
Carzam has marked its first anniversary with the appointment of former Paddy Power chief executive Andy McCue as its new executive chairman.
Consumer car finance remained up 7% by volume in the year to the end of October despite an 11% decline in October, according to Finance and Leasing Association (FLA) data.
The average advertised price of used cars hit a new high for the year in November, according to the latest Market View from eBay Motors Group.
As certain used cars were hit by “significant price decreases” in November Cox Automotive has asserted that prices will never dip back to pre-pandemic levels.
Electric vehicles (EVs) registered in 2020 have been representing more than a quarter (27%) of all one-year-old car sales in recent weeks, according to BuyaCar.
Motor Connect has grown its online used car retail partnership with 30 independent dealers in the space of three months.
Carwow has raised $55 million (£41.5m) to scale its Sell Your Car division after the used car stocking platform delivered 600% revenue growth in just six months.
MPVs continued to star in Auto Trader’s top ten ranking of the used car market’s most appreciating vehicles, with the Seat Alhambra emerging as number one in November.
Volkswagen’s range of service plans, as well as the new All-in integrated aftersales service package, are subject to a 25% discount until December 15.
Cazoo has vowed to grow its car inventory in Europe after officially launching its online car retail offering in France and Germany today.
A stabilising of values in the used van market in recent months may highlight “what’s to come” for the used car sector, according to remarketing giant BCA.
Carzam has raised £112 million to in a development that the online car retail business believes will propel it into its “next chapter”.
Motorway has set its sights on “further massive opportunity” in the automotive retail sector after achieving ‘unicorn’ status with a $1 billion (£750m) valuation.
