Auction companies are predicting that values for used petrol and diesel cars will remain strong as the country emerges from lockdown and consumer confidence improves.
The COVID-19 pandemic and series of lockdown restrictions on car showrooms have “changed customer behaviour for good”, according to online retailer Carzam.
Aston Barclay has reported that its used car sales volumes in a COVID-19 hit Q1 were a match for those of the same period in 2020.
Heycar is increasing payment terms to 60 days until the end of Q2 to provide dealers with ‘welcome breathing space’ as after this week's showroom reopenings.
Used car auctions across the UK have reported ‘exceptionally competitive’ trading during March as car dealers prepared for a bumper period of sales following this week’s reopening of showrooms.
Europe’s largest independent used car retailer is aiming to create a ‘borderless’ online car retail business across 12 countries with the launch of its Driverama platform.
Demand for used diesel cars drove prices to record hights during the first quarter of 2021, according to Autorola.
The Finance and Leasing Association (FLA) has said it expects a “strong rebound” in the automotive finance sector after car showrooms emerge from COVID-19 ‘Lockdown 3’ on Monday.
Motorpoint has revealed that 52% of its used car sales were completed online during a COVID-hit 2020 trading period.
Auto Trader has said it expects the UK’s car retail sector to deliver a “fast return to health” after seeing a 12th consecutive month of rising used car prices and record online engagement from buyers in March.
Rupert Pontin, director of insight at Cazana, reminds dealers of five responsibilities ahead of the end of their showrooms' release from coronavirus lockdown.
Dealers have recorded their best speed of sale yet in 2021, with average used car days in stock dropping to 45.6 days from 49.5 days in both January and February, according to eBay Motors Group data.
Used car dealers have transitioned to a multi-channel strategy for stock acquisition following the coronavirus pandemic, according to Nextgear Capital.
Vauxhall is selling nine vehicles from its heritage collection in a no reserve auction on April 27.
Used car values have reached a “tipping point” with prices rising for the first time in five months as an easing of COVID-19 ‘Lockdown 3’ retail restrictions draw nearer, says Cap HPI.
Aston Barclay is preparing to welcome car and van retailers back to its auction halls after 84% of buyers voted for a return to physical trading.
Women feel ‘apprehensive’ about the used car buying experience and do not ‘feel comfortable’ shopping for a used car alone, according to a recent survey by CarShop.
The car retail sector’s growing reliance on clicks over bricks drove Cazoo’s “crazy” £5 billion market float valuation, according to Vanarama chief executive Andy Alderson.
The Volkswagen Golf was the most popular used car to be sold via the Motorway.co.uk platform during the coronavirus pandemic.
The Vehicle Remarketing Association (VRA) has launched a quick-fire ‘five-minute briefing’ document series with a series od short sector-wide takes on the reopening of car showrooms after COVID-19 ‘Lockdown 3’.
Cazoo is set to be listed on the New York Stock Exchange following the signing of a definitive business combination agreement with US-based acquisition company AJAX.
Police have issued a public appeal after independent used car retailer Murray Motors captured CCTV footage of a vandal attacking 13 vehicles with paint stripper in a late-night attack.
The UK Government’s decision to lower the value of its plug-in car grant EV incentive will have little impact on used car values, according to Cap HPI.
Auto Trader has launched its guaranteed part-exchange service following a successful trial with 1,000 retailers.
Snows has revealed it has sold £37m worth of cars online in the last 18 months using its GForces NetDirector Auto-e platform.
