Car dealers have resisted the temptation to “slash prices” during COVID-19 lockdown according to Auto Trader data which showed an 1.9% year-on-year increase in May.
Cazana has reported that demand for used cars during the COVID-19 lockdown may have outstripped the 20% of sales transactions which were completed during the period.
AA Cars has announced it will be extending it’s 50% discount for car dealerships for a third consecutive month into June, to help support UK used car busnesses weather the impact of COVID-19.
Independent car retailer Motorpoint has delivered 1,000 cars during the coronavirus lockdown via its free home delivery service.
BCA has claimed that used car values have “steadily risen” during the COVID-19 lockdown period which prevented the majority of UK car retailers for trading.
JCT600 has opened the doors to a new £1 million Ferrari supercar service centre in Newcastle ahead of the opening of its new Leeds showroom later this year.
Cazoo has appointed former LoveFiLM group operation director Fern Wake as its new chief operations officer.
LSH Auto UK has converted its Manchester Central Mercedes-Benz site into a used car ‘Centre of Excellence’.
Big Motoring World Group has revealed a 43% growth in turnover and a 34% increase in pre-tax profits in a statement detailing the successes of its performance in 2019.
Auto Trader has announced that it will resume charging car dealers for its online classified car adverts from June 1 – with a 25% discount during their first month of showroom trading.
Car retailers have been urged to “hold their nerve” and not rush to liquidate stock ahead of an anticipated rise in sales demand following June 1’s re-opening of car showrooms across the UK.
A Dodge Viper, Ford Mustang, a racing car once driven by Brazilian F1 driver Roberto Moreno and classic Porsches are among stock to be auctioned off by administrators of Specialist Car Malton.
Rising demand among car buyers in COVID-19 lockdown has prompted Auto Trader to bring forward the launch of home delivery and click and collect online marketing tools.
CD Auction is re-starting sales across its operations with immediate effect, amid relaxed lockdown measures introduced by the Government earlier this week.
Growing volumes of COVID-19 coronavirus lockdown used car sales have prompted Cap HPI to admit that the time is right for recommence valuation changes – and initial sales suggest a 2% to 5% decline.
Aging stock has been cited as the “main driver” of £1.6 billion losses incurred by Europe’s used car retail sector between the start of the COVID-19 coronavrius lockdown and mid-April.
The UK's used car market contracted by 8.3% in the first quarter of 2020 following a COVID-19 coronavirus lockdown-prompted 30.7% decline in March sales, SMMT data has revealed.
Three-quarters of those actively searching for a used car (76%) intend to purchase within three months of the Government’s lockdown restrictions being lifted, according to eBay Motors.
Cox Automotive has re-started Manheim's car auction operations via its online sales platform following “weeks of careful planning and implementation of the necessary safety measures”.
Motorway has re-started its daily online auctions alongside free trials of a “contactless” car transportation service as car retailers look towards stocking their dealerships ahead of an easing of COVID-19 lockdown restrictions.
The initial impact of the COVID-19 coronavirus pandemic resulted in a 43% decline in profitability for UK car retailers during the key March number plate change month, ASE data has revealed.
VAutoStock is offering free use of its now stand-alone part-exchange vehicle appraisal tool which allows car dealers to value customers’ cars from a distance during COVID-19 lockdown.
Cox Automotive has predicted a stop/start recovery from the COVID-19 coronavirus outbreak for the automotive retail sector – revising its new car sales forecast to detail a 29% decline in 2020.
The UK’s used car and van markets will bounce back once the Government’s COVID-19 coronavirus lockdown restrictions are eased, according to Shoreham Vehicle Auctions’ (SVA) Alex Wright.
The easing of car retail COVID-19 coronavirus lockdown restrictions in Austria and Germany have delivered ‘no strong signs’ of a used car market bounce back, according to Indicata.
