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.
Despite some high-profile exits from the ID50 over the past 12 months, combined revenues increased by almost £350 million
LeasePlan has announced plans to maximise value from ex-lease cars by selling directly to consumer via a new online sales platform dubbed CarNext.com.
Auto Trader's announcement that it will bypass traditional remarketing of fleet vehicles via physical auctions in a move to sell directly to dealers has been welcomed by Cooper Solutions.
Caffyns has reported a 16% decline in operating profit despite rising revenues in annual results which detail the “very disappointing” performance of its volume car brands in 2017.
Aston Barclay has seen used car purchases completed via its Buyer App hit the £5m mark just eight months after the smartphone buying platform’s launch.
Hendy Group has announced the acquisition and opening of a new used car and van store in Portsmouth as part of an ongoing expansion which is set to drive a countinued rise in annual turnover.
The National Association of Motor Auctions has reported that average used car prices at auction rose by 5% during April as “good wholesale prices led to well-stocked forecourts”.
Diesel was the fastest-selling fuel type during April as the Mitsubishi Outlander topped Auto Trader’s monthly list of successful sellers during April.
The Advertising Standards Authority has banned The Car People from using an advert which claims its cars are “quality checked by eight specialists”.
Imperial Cars has set ambitious target of reaching 20 used car retail sites by the end of 2019 after growing from six to 11 sites in three years as it takes advantage of property movements in the franchise dealer networks.
Diesel-powered used cars have risen 5% in value on Auto Trader during April, despite the proportion of online searches for diesel falling to an record low.
Auto Trader will bypass traditional auction houses in a shake-up the fleet remarketing that will enable leasing companies and larger fleet operators to sell ex-company cars direct to dealers before the vehicle is de-fleeted.
Speculation that Michael Gove will ban the sale of some new hybrid cars is creating unnecessary confusion in the industry and among consumers, says Colliers International’s Automotive Viewpoint report.
