Used vehicle retailing - Page 35

Carwow will provide car retailers with an opportunity to bid on privately-sold used vehicle stock following the completion of its acquisition of car buying comparison site Wizzle.

Sytner’s CarShop is set to follow in the tyre tracks of Trade Centre UK by developing a new used car supermarket on the site of a former Showcase Cinema.

The first multi-brand approved used car programme is launching in the UK with Stellantis, the OEM group created by the merger of PSA and FCA.

The Motorway used car stocking portal has raised an additional £48 million in a funding round led by Deliveroo, Etsy and Dropbox backer Index Ventures.

Constellation Automotive Group will expand the used car stocking and preparation capacity for BCA and cinch following the £80 million acquisition of Rockingham Motor Speedway.

Sytner Group’s CarShop used car supermarket division has appointed Jon Easton as its new operations director.

Hendy Group is taking part in a pilot car hire scheme with rental firm Karzoom.

A used car salesman has been ordered to complete 250 hours of unpaid work after claiming ‘ill health’ had prevented him from keeping company records - when he had deliberately disposed of them.

CarSupermarket and Motordepot owner Aramis Group is hoping to raise as much as £481m through an initial public offering (IPO) at as its targets “profitable growth” – including dealership acquisitions.

The Assurant-designed RAC Electric Vehicle Warranty has made its UK debut with its introduction by Sussex-based independent car dealer Andrew Shipp Motors.

Constellation Automotive Group has switched the focus of its Corby used car preparation centre from Cazoo to its own cinch online retail offering – delivering a potential 30,000 cars per year.

Dealers can benefit from additional used car profit opportunities in the current wholesale market now they can attend physical auctions again, according to Shoreham Vehicle Auctions (SVA).

The Finance and Leasing Association (FLA) has said that the consumer car finance market is expected to grow by 19% in 2021 and 22% in 22% following resurgent April trading.

Retailers are failing to keep pace with rapidly increasing used car values and selling one in four cars too cheaply, according to Indicata.

A ‘record’ 73 million visits on Auto Trader in May was accompanied by an 8.1% year-on-year (YoY) increase in the average price of a used car.

Toyota and Lexus will drive franchisees' aftersales customer retention by extending the warranty on its cars to 10 years and 100,000 miles through its new service-activated Relax scheme.

Aston Barclay has ranked the UK’s 25 most desirable used cars to showcase the capabilities of its new desirability index.

Soaring wholesale used car prices are “not recoverable” through retail price rises, creating an environment of ever-shrinking margins.

Used car prices have risen by 6.7% during May as “amazingly strong” demand resulted in “unprecedented times” for the sector.

A new online platform to help dealers manage the part exchange process has launched.

Car buyers returning to the market following a series of COVID-19 lockdowns have told What Car? that they trust franchised car retailers more than their competitors – including new online disruptors.

DM Keith has gained planning approval to expand its Braford Skoda dealership's used car sales site beside a major new road development.

Car retail valuations and insight specialist Cazana has rolled-out a rebranded logo and new website as part of its drive towards “global expansion”.

A pair of former Vines Group colleagues have partnered with GForces to launch a dedicated used electric vehicle (EV) marketing platform called JustGoEV.

Motorpoint has emerged as the UK’s best automotive business for employees in Best Companies’ annual Top 100 Company to Work for in the UK awards rankings.