Used vehicle retailing - Page 62

Cap HPI has reported that used car values have “softened” during March as the SUV segment defined an overall average decline of 0.9% at three years and 60,000 miles.

Used car stock levels have risen by 12% year-on-year, according to Motors.co.uk.

Pendragon has successfully appealed its £134,000 conviction for advertising an ex-rental car as having “one previous owner”.

Automotive data experts at Cap HPI have found that the owners of some small electric vehicles (EVs) could run their zero-emissions car for 12 months and make a profit when they sell it on.

Motorline and BCA combined to raise over £2,700 for Air Ambulance Kent Surrey Sussex with a charity auction at Motorline Mega Sale at BCA Paddock Wood.

City Auction Group has strengthened its senior management team with the appointment of three new directors, a new chairman and chief executive.

Halliwell Jones has agreed a new two year deal with BCA to remarket 3,500 vehicles annually at BCA Preston.

BCA has staged its first auction sale specifically for Ultra Low Emission Zone (ULEZ) compliant electric vehicles (EVs) and plug-in hybrids (PHEVs).

Car buyers visiting the Top Gear website can see the latest vehicles added by Motors.co.uk dealers, and use an enhanced search tool to find their next purchase.

​BCA’s monthly Pulse Report has revealed that the average price of a used car offered at auction rose by 3.3% year-on-year during February – a rise of £322.

Robins & Day has re-signed its solus disposal contract with Aston Barclay under its new group used car brand of By PSA Retail.

Used sales bounced back in February according to new data from Dealerweb. Revenues increased by 6% for used sales against February 2018.

Sytner has appointed Midas Construction to build £12.3 million new Guy Salmon Jaguar Land Rover dealership at Cribbs Causeway, near Bristol.

​Wholesale used car prices rose by 0.5% month-on-month in February as car retailers continued to express their concerns about margin compression, Cox Automotive reported.

Cooper Solutions has removed its seller fees in a move to further support dealers selling through its trade-only online auction site, FullAuction.

Manufacturers are repatriating increasing numbers of ex-lease vehicles back into their franchise dealer network as demand for quality used stock increases, reports epyx.

​Online searches for diesel vehicles on Auto Trader declined to just 42% in February following a “precipitous” decline in popularity for the fuel type over the past two years.

Lookers recorded a 9% decline in pre-tax profits despite growth in aftersales and used cars as WLTP impacted new car supplies and economic uncertainty impacted consumer confidence in 2018.

Cazana has closed its latest round of crowdfunding at £1.56 million, nearly 160% of its original investment target to embark on global expansion plans.

An Independent premium car dealer who took cash and part-exchange vehicles from customers before failing to deliver on deals has been jailed for seven years.

Renault's Kadjar SUV was February’s fastest selling used car on Auto Trader – capturing car buyers’ attention in an average of just 17 days.

​February has not served to install car retailers’ used vehicle operations as “the shining star” in their business in recent months and news of HMRC VAT reforms will only make life tougher, according to Cazana.

Swansway Motor Group is set to invest £3.25 million to expand its Motor Match used car operations into Bolton and Stockport.

The HMRC has announced a policy change in the VAT treatment of PCP vehicle sales which is likely to have a major impact on the future of the car retail market.

Manheim has renewed its partnership with Hendy Group, marking the renewal of a 17-year partnership.