Used car transactions fell 13.5% in Q2 2017 to realise a year-to-date sales decline of 5.1% following record breaking 2016.
The average value of a used car rose 1.8% across the board at BCA during July, with the remarketing specialist claiming that the market “reflected a good balance between supply and demand”.
Online review platform Trustpilot is targeting 100% growth among its automotive clients after partnering Auto Trader to bring user-generated reviews to its platform.
The SMTA (Scottish Motor Trade Association) has partnered with Cap HPI to offer an approved vehicle check for its members.
Auto Trader has revealed that diesel car searches have lost their dominance as the impact of proposed anti-diesel legislation and continued publicity surrounding NOx emissions is felt.
Cap HPI has placed its vehicle appraisal data in the palm of a cars dealer's hand with the launch of a new app available on Apple and Android tablets.
Auto Trader has revealed that the 2016 Mercedes-Benz C-Class was the UK’s fastest selling car in July.
Enquirymax claims that the “the market is turning” after used sales surged by 39% in July.
Pendragon chief executive Trevor Finn has reiterated the group’s intention to double used car revenue by 2021 after its H1 financial results revealed a 5.8% fall in new car sales revenues.
Carwow has raised $39 million (£29.7m) through a round of financing which will be used to further accelerate growth in the UK and internationally.
A used car dealer who failed to pass on £174,450 of proceeds from five cars sold as part of ‘sale or return’ agreements has been disqualified from acting as a director for ten years.
Independent Motor Auctions will boost the quantity of its used car stock at its recently acquired Blackpool facility as part of a new agreement with Arnold Clark.
Demand for supercars amongst London’s super wealthy elite has seen Surrey-based Romans International named as one of the fastest-growing businesses in Europe.
BCA Marketplace profit before tax boosted to £41.1 million and group revenue has increased from £1.2 billion to exceed £2bn.
Used car prices “bucked the trend” for a July decline to remain at their most stable rate since 2012, according to Cap HPI.
Mark Morris, Motorpoint Group’s chairman, told investors at the company’s recent AGM he is “cautiously confident” about the company’s full year performance.
Integration of Dealer-Auction.com and Motors.co.uk will enable dealers to rapidly list newly bought stock, according to Cox Automotive.
The average used car selling price in the UK increased by 4.2% in June to £5,392, according to the latest figures from NAMA.
The used car market looks to be on track for a record year after a bumper H1 saw 3.3 million vehicles sold by the end of June – an increase of 01% on 2016.
Perrys has renewed its exclusive remarketing relationship with Manheim for its part-exchange vehicles.
The average price of used cars sold through Autorola UK’s online remarketing portal fell by £394 in Q2 2017 to £9,237 after its record breaking Q1 figures of £9,621.
Car dealers have been urged to make mileage investigations "an integral part of their business" after a Cap HPI survey uncovered growing concern about growing clocking and mileage discrepancies in the past 12 months.
The Car People has officially opened its new £13 million car supermarket site in Warrington, targeting 4,000 sales in its first year of trading.
A shift in the selling price of used cars helped average used values to rise 5.2% in June within Cox Automotive’s wholesale and retail businesses.
Jardine Motors Group has increased its Audi footprint with the transformation of a former Mazda dealership into an Audi Approved used car centre.
