Cazoo is set to celebrate the sale of its 10,000th used car just a fortnight before completing its first year of online sales.
Signs that the used car market is starting to soften are becoming apparent and UK remarketing centres with demand and pricing predictions “becoming more difficult” at each sale, according to Aston Barclay.
Indicata has advised used car retailers to reprice and sell overage used car stock “immediately” as part of efforts to get on the front foot ahead of an anticipated easing of COVID-19 trading restrictions in the New Year.
Dealer Auction will supply digital auction services to Volkswagen Group UK's franchised car retail networks after signing a preferred supplier agreement with the German OEM.
BCA has announced plans to develop a new 65-acre remarketing ‘mega centre’ in Bristol, with the capacity to handle over 120,000 vehicles each year.
The Vehicle Remarketing Association (VRA) will look to address concerns surrounding COVID-19 and the impact of Brexit in its upcoming Vehicle Retailing in 2021 webinar.
Used car sales volumes rose by 4.4% in Q3 2020 after COVID-19 lockdown measures eased across the UK, according to the Society of Motor Manufacturers and Traders (SMMT).
eBay Motors Group will provide car dealers with free advertising in December as part of support measures designed to assist businesses during England’s COVID-19 ‘Lockdown 2’ period.
A survey of in-market car buyers has found that 58% intend to go-ahead with their planned purchase within the next fortnight, despite the start of more stringent COVID-19 lockdown restrictions.
UK car retailers were “within touching distance” of the profitability achieved in 2020 after £110,000 profit-per-site in the key number plate change month of September, according to ASE.
CarGurus has announced that it will axe car dealers’ online advertising subscription fees during December following the recent reintroduction of COVID-19 lockdown measures.
Kellie Grocott has been appointed as director of sales for RAC Dealer Network at Assurant following the promotion of Sean Kent into the role of UK client director for automotive.
Auto Trader has reported a 37% decline in revenue and 48% dip in operating profit in a COVID-19 half-year trading update.
Cap HPI is poised to handle any large volume vehicle price hikes from car manufacturers in the event of a ‘no-deal’ Brexit.
Consumer motor finance defied September’s 4.4% new car registrations dip to record a 7% year-on-year rise in volumes and 11% growth by value, according to the Finance and Leasing Association (FLA).
CD Auction Group will launch a new dealer-to-dealer online remarketing platform as part of expansion plans under new operations director Andy Pearce.
Volkswagen has enhanced its Approved Used car retail scheme to include two years of warranty cover, MOT and roadside assistance to customers.
Aston Barclay has confirmed it will never sell used cars to consumers in competition with its dealer customers, following the launch of rival firm BCA’s new cinch offering.
Car retailers have once again been urged to “hold firm” with their used vehicle pricing as the UK returns to COVID-19 lockdown this week.
Car retailers’ efforts to drive sales through digital sales processes designed to overcome the challenges of COVID-19 delivered a 10% increase in new car orders last month.
The Mazda CX-5 is the UK’s fastest selling used car, taking on average 24 days to sell, according to data from Auto Trader’s Fastest Selling Index.
Used car values have dropped for the first time since before March's COVID lockdown as motor retailers pushed back against high prices for cars, says Cap HPI.
Wilsons Auctions has launched a dealer stock funding service in partnership with V12 Vehicle Finance, part of Secure Trust Bank.
Increasing competition for used car stock from private sellers has been revealed in Motorway data showing year-on-year growth in the valuations – with EVs showing a 34% increase.
Demand for used cars has risen 15% year-on-year as franchised retailers experience a decline in sales of new cars, according to AA Cars data.
