Auto Trader’s annual financial results have revealed turnover of £281.6 million during the year to May 27 – up 10% year-on-year.
Used car prices rose to a record average high of £8,261 in May, according to BCA monthly Pulse report.
Motorpoint Group plc has completed the acquisition of the former Car Select car supermarket at Oldbury, near Birmingham.
BCA has signalled its goal to deliver Pan-European supply chain solutions with the appointment of Konrad Zwirner into the new role of European strategic development director.
MG Motors made the home of the BBC drama series Ordinary Lies its new home in the north with the official opening of John Stewart Motors’ Warrington dealership.
BCA and Sinclair Group have announced a new remarketing partnership for prestige and premium vehicles.
AutosOnShow.TV will deliver digital images to Volvo Cars UK customers nationwide after striking up a partnership with the Swedish manufacturer.
Inchcape Retail and Inchcape Fleet Solutions have teamed up with BCA for a new remarketing deal that will run until 2019.
BMW UK is preparing to extend its award-winning Retail Online offering to new MINI sales and a specialist used platform for both BMW and MINI brands.
Fears about the effects of a flood of used cars in a market propped-up by PCPs could mean that we are currently living in “the good old days”, a financial analyst has suggested.
Manheim’s Bristol auction site will feature part-exchange stock from 12 Seat, Škoda and Volkswagen dealerships as part of a new relationship with Sinclair Group.
Manheim has appointed Stuart Miles as business development director to help drive the business’s development strategy and sales organisation.
The Kia Sportage proved the UK’s fastest-selling car for a record second month in a row, according to data published by Auto Trader.
Tootle.co.uk is set to launch a £300,000 nationwide ad campaign as it attempts to match more private vehicle sellers with retailers.
Values of used LCVs are continuing to rise despite increasing volumes of used LCVs coming to auction and record registrations of new LCVs, according to Shoreham Vehicle Auctions MD Alex Wright.
The headline average value of a used car rose to its highest point on record in April, improving by £317 (4.0%) to £8,155, according to BCA’s Pulse report.
Vertu Motors are focussing on “controlling the controllables” as they reap the fruits of their labour in aftersales and a growing market to record a £2.4bn turnover for the year ended February 29.
The National Association of Motor Auctions (NAMA) is urging fleets to provide more information about vehicles they de-fleet through its members’ sites.
The price of EVs rose by 8.7% alongside a 1.2% decline for diesel cars as demand for alternative fuel vehicles continued to increase in April, reports Manheim and Motors.co.uk.
A London-based used car dealership caused rush-hour gridlock on the Old Kent Road when they set up a blockade in protest over plans to paint red lines outside its forecourt.
Cambria Automobiles chief executive Mark Lavery has told AM that a data-driven approach to used car retailing which delivered 148% return on investment has underpinned his business’ success.
Improved speed and efficiency were behind a £700,000 investment in a fleet of new transporters and inspection turntables by remarketing specialist Aston Barclay plc.
Manheim has seen three of its trainees graduate from its auctioneers’ academy to become ‘masters of the gavel’.
Aston Barclay has completed a £750,000 investment in its Westbury vehicle auction site.
Pressure from pre-registrations and continued new car offers pushed used values down by 1.4% in April, according to CAP HPI.
