The Vehicle Remarketing Association has warned car dealers to expect an unpredictable used car market towards the end of this year and into 2019 as the sector feels the effects of the switch to WLTP emissions test legislation.
Manheim auctions will see 6,000 additional commercial vehicles pass through its auction lanes after signing a solus remarketing deal with Arval.
Petrol is closing in on diesel as the most popular fuel type among UK car buyers, according to Auto Trader’s online search data.
Used car values at BCA auctions rose to their third highest level on record during June as nearly-new vehicle prices rose by 10.8% year-on-year.
Used car values rose 3% at Manheim auction houses and 11% on the Dealer Trade online trading platform but dipped 10% on the consumer-facing Motors.co.uk website during June, Cox Automotive has revealed.
Ford is the most favoured manufacturer among second-hand car buyers, according to research into used buying trends by AA Cars.
Aston Barclay has launched a new Virtual Auction platform which allows used vehicles to be sold from any location through an online auction.
eCars247 has partnered with Hitachi Capital Consumer Finance to offer an online used car buying service claiming to offer "instant finance".
June 2018 has been a good month for the retail used car market although trading conditions appear to have been harder thanks to the weather and the World Cup.
The executive leadership team at CarShop are taking part in a charity challenge as part of their drive to raise £100,000 annually.
BCA has reported that demand from buyers continued to keep prices firm during May, with average values at near record levels.
Group 1 Automotive has signed a 5,000 unit deal with Aston Barclay to remarket its vehicles across the South East and East Anglia.
BCA Brighouse is set to mark its 45th anniversary with a special week of used car sales in June.
The Vehicle Remarketing Association has warned that an oversupply of petrol-fuelled used cars is likely to result from the “dramatic shift away from diesel in favour of petrol”.
A £9,900 improvement in April profits for car dealers could be an indicator “the real prospect of a period of comparative prosperity”, according to ASE.
Pre-tax profits rocketed 71% at used car supermarket group Motorpoint as it ramped up sales and won record levels of repeat business.
Motordepot has announced the opening a brand-new retail site in Barnsley, South Yorkshire, becoming the eighth branch in a growing portfolio.
Used car prices on Auto Trader declined by 0.7% in May as the number of online searches for diesel-fuelled cars dipped below 50% for the first time.
BCA Marketplace has rejected a £1.61bn takeover offer from London-based private equity firm Apax Partners.
The Motor Depot used car supermarket group has reported a 32% rise in turnover and a 31.5% increase in pre-tax profit in its annual results to August 31,2017.
Brexit might have proved the catalyst for growth of car supermarket operations in Ireland as the weak Sterling sparked an importing flurry for Kearys Motor Group.
Cazana has announced its first US remarketing partnership with the Robinson Advisory as it takes the first steps towards an expansion across the Atlantic.
The May new car registration data released on June 5 paints a marginally better picture of the market with overall volumes showing an increase of 3.4% over May 2017.
JD Classics has appointed former Lotus chief executive Jean-Marc Gales as its new chief executive, stating that he is “excited” to be joining its team of “very talented technicians and craftsmen”.
The eye-catching numbers from this year’s analysis of the UK’s 50 biggest independent car dealers.
