eBay has completed the acquisition of Cox Automotive’s Motors.co.uk online used car classified business following approval from the Competition and Markets Authority (CMA) earlier this week.
A used car dealer who left customers and creditors ‘out of pocket’ has been handed a seven-year directorship ban.
Cox Automotive has reported that volumes of nearly-new diesel vehicles declined in January as the used car sector showed stability by “following its normal seasonal pattern”.
BCA has revealed that it will hold an Ultra Low Emission Zone (ULEZ) sale at BCA Blackbushe on March 12, in partnership with Transport for London (TfL).
Dacia’s Sandero hatchback tied with the Duster and Ford EcoSport SUVs as January fastest-selling used cars, according to data provided by Indicata.
A total of 7.9 million used car sales were completed in 2018 as the sector experienced a 2.1% decline in volumes, the Society of Motor Manufacturers and Traders (SMMT) has reported.
A used car dealer who impersonated a Trading Standards officer in an attempt to retrieve a dangerous car seized by authorities has been jailed for a year.
City Auction Group and G3 Remarketing have both celebrated record years at their respective vehicle auction facilities during 2018.
Sytner Group will further expand its used car supermarket division with the opening of a new CarShop location in Nottingham if plans for the new site gain the approval of city officials.
Dealerweb has found that dealers across the UK saw revenues grow from new and used sectors in January while finance penetration increased.
Aston Barclay Insights report has revealed that average prices of diesel and petrol vehicles in the used car market rose to a record high in Q4 2018.
A lack of “good quality and desirable stock” has not been enough to stall rising used car prices as demand from consumers defies the uncertainty caused by Brexit, according to Cazana.
Eden Motor Group has signed an exclusive two-year deal with BCA to support its used car programme.
Car dealers showed their ability to adapt to challenging market conditions by achieving an average profit of £2,900 during December, ASE has reported.
The National Association of Motor Auctions predicts that February will be a “strong month” for auction houses as volumes and conversions rates are expected to increase.
A premium car dealer has been found guilty of defrauding customers after taking cash and part-exchange vehicles but failing to deliver on deals that were “too good to be true”.
Finance profit will be key to car retailers’ efforts to realise greater profit from used cars in 2019 as FCA scrutiny and greater influence from the market’s ‘disruptors’ continue to apply pressure.
Used diesel values have dropped by more than 10% since 2017, as demand shifts towards petrol models.
Rising overheads, increased competition, sourcing the right stock, Government policy and Brexit are all set to impact car dealers in 2019, according to responses to the CarGurus One Voice Report.
A used car dealer already convicted of tax avoidence after failing to pay £1.1 million in taxes from his home-based retail operation has been jailed for three years.
Used car values declined by 0.7% in January as dealers saw lower retail demand for vehicles priced over £12,000, Cap HPI has reported.
Santander Consumer Finance will offer a wholesale finance facility at Aston Barclay sites.
Facebook is bringing more targeted car sales advertising to the UK market after launching its automotive inventory advertising software which has already proved successful with US dealers.
Franchised car dealers should prepare for a rise in demand for MOTs as a record number of cars are due for their first test this year.
The Sytner Group's Car Supermarket Division has extended its remarketing partnership with Manheim for a further two years, including the launch of a new sales programme in Leeds.
