Used vehicle retailing - Page 40

The UK’s COVID-19 ‘Lockdown 3’ trading restrictions mean that franchised car retailers are “suffering” more greatly than their European counterparts.

Dealer Auction anticipates a ‘used car boom’ this year, following a strong performance in Summer 2020.

Auto Trader has said that January’s 7.4% rise in used car values has given it “confidence we’ll see a quick return to health” as COVID-19 ‘Lockdown 3’ restrictions start to ease.

The Independent Motor Dealers Association (IMDA) has appointed Aston Barclay as its new auction partner.

The latest national lockdown has impacted car sales with a 36% decline in orders for new cars and 45% drop in used, according to lead management specialist Dealerweb.

​A slowdown in consumers’ car buying activity and uncertainty when the current COVID-19 ‘Lockdown 3’ restrictions will end was the catalyst for a fall in used car trade prices in January.

Auto Trader has reported a 1.6 million uplift in the volumes of visitors to its online car marketing platform and record consumer confidence amid KPIs which could indicate another post-lockdown sales boom.

CarShop, has been named as one of Glassdoor’s Top 50 Best Places to Work in 2021, ranking at number 35.

​The Big Motoring World used car supermarket business has reported that it managed to overcome the challenges of COVID-19 to increase its used car sales volumes in 2020.

SW Car Supermarket is poised to embrace a “wholesale approach” to used car retail in 2021 following the acquisition of two new sites in its hometown of Peterborough.

The Peter Cooper Motor Group is celebrating 40 years in business this year by pledging to raise £40,000 for local charities.

The Fiat 500L used in Peter Kay’s hit TV sitcom Car Share will be sold to raise funds for charity after being listed for sale on Dealer Auction by Picadilly Motors.

The Trade Centre Group has started work to create its seventh used car supermarket site from a former B&Q and Homebase DIY superstore in Rotherham, South Yorkshire.

Manheim Auction Services has announced a new two-year contract with online used-car dealership, Carzam.

​The average value of a used car advertised on the Auto Trader website grew for a 37th consecutive week despite restrictions placed on the market by COVID-19 ‘Lockdown 3’.

BCA has secured remarketing contracts with Glyn Hopkin, Group 1 Automotive, TrustFord and LeasePlan in the first few weeks of 2021.

A new online classic car sales platform has launched at SellMyClassic.co.uk, linking private sellers directly to classic car dealers.

AM's exclusive research of franchised and independent dealers reveals the opportunities and threats 2021 may bring.

The temporary closure of Honda’s Swindon plant due to parts shortages this week could be the “tip of the iceberg” for new car supply issues in 2021.

​The UK Government’s reinstatement of the VAT margin scheme for Northern Ireland’s used car retailers has “cut-off” a logical supply route to the Republic of Ireland.

​The cinch online car retail platform has appointed Robert Bridge as its new chief customer officer – bringing leadership experience from Yahoo, The Telegraph and Childs Farm.

Carzam has expanded its senior management team with the appointments of two motor trade experts.

​Online car retailer Cazoo has revealed that intends to open 12 more Customer Centres to facilitate click and collect car handovers after opening its 14th location in Newport Pagnell.

Auto Trader has once again renewed its call for car retailers to “hold firm with their prices” amid optimism that pricing will remain strong in Q1 – despite the showroom closures of COVID-19 ‘Lockdown 3’

​Used electric vehicles (EV) appear to have fallen out of favour with car buyers struggling to justify their cost in comparison to petrol and diesel alternatives, according to Autorola.