Average part-exchange stock sold at auction increased by 12.7%, up £346 in May, according to Manheim’s latest market analysis.
The Retail Automotive Alliance (RAA), which represents 22 dealer group partners, has appointed Autorola as its online remarketing partner after a recent six month pilot sold over £5 million of used cars.
Just over half (51%) of all used cars listed by dealers on Auto Trader are more than 5% above or below market value which is halving lead generation, according to the company.
Commercial vehicle buyers are purchasing more car-derived vans (CDVs) and small panel vans, due to a chronic lack of larger panel vans (over 3.5t) in the market, according to the latest market analysis from Manheim.
Independent used car dealer Carbase has doubled the distance it can attract customers online after committing its cars in stock to an 82-point check and set of nationwide standards.
Three out of five Northern car owners are more likely to opt for a nearly-new car than other regions, according to results from BCA’s latest used car report.
Tom Hartley Jnr has launched his own high-end luxury and classic used car business at a site in Derbyshire.
Increased trade buying activity during the latter part of May signalled underlying strength in the used car market, according to CAP.
Used car dealers operating at a national level need to reflect wide regional differences across the UK used car market, according to BCA’s latest report.
Dealers are failing to hit their full profit potential on used car sales, says Dr Richard Parkin, the director of valuations & analysis at Glass’s.
Audi holds four spots in the top 10 fastest selling cars in Britain in a list currently topped by Peugeot's crossover SUV, the 2008.
Commercial vehicle remarketing organisation Manheim is claiming to have set a new benchmark in the LCV market, with the successful completion of its first open online van auction event last month.
Andrew Ballard, product & propositions director of Experian Automotive takes a look at what the future holds for the UK market.
In stark contrast to the belief voiced by the National Association of Motor Auctions expressed in the April issue of AM, used car market values are not remaining stable and for the first time in many months we are all experiencing more difficult times.
Economy growth is already impacting positively on the used car market, as reflected in Glass’s Q1 update.
HPI, the vehicle history company, saw a 3% increase in the amount of used cars with a mileage discrepancy in 2013.
The Ford Fiesta topped Motors.co.uk’s used car sales for March with 9,436 units sold.
BCA’s latest Pulse report shows that the headline average car values increased in March, rising by £57 compared to February to record the highest monthly value this year and the third highest on record.
Manheim has invested with a six-figure sum to improve its Leeds auction centre.
A breakdown of booming new car registration figures gives a useful indicator of what used vehicles you should stock
Growing used car supply is being soaked up by strong retail demand according to the latest market report from CAP Automotive.
Used car experts agree that the Nissan Qashqai remains the best investment for dealers seeking an in-demand, fast-turning mainstream SUV to fill a space on the forecourt.
The supply of used cars into the wholesale auction market should start to pick up in the next three months.
Aston Barclay, the car auction group, has launched three new products to increase its online portfolio and complement its existing services.
A business helping car dealers reduce their vehicle logistics costs is on the growth path thanks partly to investment from the chairman of Sytner Group, Laurence Vaughan.
