Used vehicle retailing - Page 45

​BCA has reported that “exceptionally strong interest” in LCVs saw vehicles selling for an average of 13% over guide value expectations during August.

The Independent Motor Dealers Association (IMDA) has started the search for a head of membership services as it looks to grow its car retailer membership in its third year of operations.

​Auto Trader has reported a 19th straight week of used car price rises with a 7.4% mid-September increase in the average advertised value on a vehicle offered on its online marketing platform.

​Progress Suzuki’s former franchised dealership sites have been acquired and re-opened by bespoke luxury vehicle specialist Urban Automotive and a used car operator.

​Vehicles from Arnold Clark, Bristol Street Motors, CarShop, Cazoo Part Exchange, John Clark Motor Group and Sinclair Group will be among those featured in a new Saturday online sales programme from BCA.

Britain’s car parc is older than ever before, despite the boom in electric vehicles (EV) and hybrids, according to data compiled by Retro Motor.

Auto Trader and price comparison website CompareTheMarket have launched a Quick Quote service offering car buyers rapid access to insurance for their new car purchase.

Motorpoint has said that its logistics staff have driven 86,000 miles to facilitate used car home deliveries since it launched the service during COVID-19 lockdown.

​Sales in the used car retail sector showed signs of “cooling off” according to a market report which revealed declining in activity during August – with retail sales down 3.3% year-on-year.

BCA used car auctions delivered average sales entries of over 6,000 vehicles in August as average sold values continued to decline amid “stable market conditions”.

​Motorpoint Peterborough employee Chris Northern is set to tackle a charity fund-raiser with teeth when he completes the Jurassic Coast ULTRA 100k in aid of the city’s Sue Ryder Thorpe Hall Hospice.

Car supermarket AvailableCar has signed a five-year disposal agreement with independent vehicle auction G3 Vehicle Auctions.

Manheim has confirmed that its auction sites will re-open for COVID-secure used car viewings from Monday (September 14).

Online car marketplace heycar has partnered with Regit and will provide the site with new and used car listings exclusively.

A new study by AA Cars has found that dealers in Liverpool offer the best value used cars, with the strongest combination of affordable prices and low mileage.

Tesla emerged as the fastest growing car brand among buyers searching online for used cars in August, according to analysis by Honcho.

​The average UK car retailer recovered more than half of the losses suffered during a Q2 trading period devastated by the COVID-19 coronavirus lockdown, according to ASE Global.

The new and used car finance markets returned to growth in July as showrooms across the UK re-opened their doors following the COVID-19 lockdown period, the Finance and Leasing Association (FLA) has confirmed.

Used car retailers increased their stock turn by 11.8% month-on-month as demand for vehicles continued to drive up values at auction houses across the UK, according to Cox Automotive and eBay Motors Group.

Aston Barclay has launched a new dedicated LCV sale at its Donington Park site, as part of its expanding focus on commercial vehicles.

Cazoo will launch a series of new TV and radio adverts this weekend as part of its ongoing multi-million-pound marketing campaign.

Average used car prices on Auto Trader have increased for the fifth consecutive month to £13,705, up by 6.1% in August year-on-year.

Premium used cars have been hailed as “pandemic proof” by online vehicle stocking source Motorway after the value of Land Rovers, Lexus and Maseratis rose by over 8% year-on-year.

Pendragon will rebrand and restructure its Car Store used car division while driving digital innovation in a new growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.

Cazoo founder Alex Chesterman has revealed plans for “couple of dozen” Customer Centres across the UK following the opening of the online car retailer's first vehicle handover and servicing facility in Manchester today.