Used vehicle retailing - Page 40

Dealers have recorded their best speed of sale yet in 2021, with average used car days in stock dropping to 45.6 days from 49.5 days in both January and February, according to eBay Motors Group data.

Used car dealers have transitioned to a multi-channel strategy for stock acquisition following the coronavirus pandemic, according to Nextgear Capital.

Vauxhall is selling nine vehicles from its heritage collection in a no reserve auction on April 27.

Used car values have reached a “tipping point” with prices rising for the first time in five months as an easing of COVID-19 ‘Lockdown 3’ retail restrictions draw nearer, says Cap HPI.

Aston Barclay is preparing to welcome car and van retailers back to its auction halls after 84% of buyers voted for a return to physical trading.

Women feel ‘apprehensive’ about the used car buying experience and do not ‘feel comfortable’ shopping for a used car alone, according to a recent survey by CarShop.

The car retail sector’s growing reliance on clicks over bricks drove Cazoo’s “crazy” £5 billion market float valuation, according to Vanarama chief executive Andy Alderson.

The Volkswagen Golf was the most popular used car to be sold via the Motorway.co.uk platform during the coronavirus pandemic.

The Vehicle Remarketing Association (VRA) has launched a quick-fire ‘five-minute briefing’ document series with a series od short sector-wide takes on the reopening of car showrooms after COVID-19 ‘Lockdown 3’.

Cazoo is set to be listed on the New York Stock Exchange following the signing of a definitive business combination agreement with US-based acquisition company AJAX.

Police have issued a public appeal after independent used car retailer Murray Motors captured CCTV footage of a vandal attacking 13 vehicles with paint stripper in a late-night attack.

The UK Government’s decision to lower the value of its plug-in car grant EV incentive will have little impact on used car values, according to Cap HPI.

Auto Trader has launched its guaranteed part-exchange service following a successful trial with 1,000 retailers.

Snows has revealed it has sold £37m worth of cars online in the last 18 months using its GForces NetDirector Auto-e platform.

Four cars were torched and racist graffiti was daubed over property as a “lovely, genuine” Scottish car dealer became the victim of a racist attack on his retail site.

Macklin Motors has completed the £1.5 million development of a new Motornation used car and van showroom in Lookers’ former Glasgow Volkswagen Van Centre.

Growth in the value of used cars is beginning to stabilise despite signs of an acceleration in demand from consumers as the easing of COVID-19 ‘Lockdown 3’ draws nearer, according to Auto Trader.

Epyx have launched a new and renamed version of its 1Link Disposal Network, where dealers can buy ex-fleet and rental stock.

Mitsubishi Motors in the UK is selling its fleet of heritage cars at a no reserve auction that will run from April 1 to April 30.

Strike action proposed by COVID-19 hit employees at the DVLA’s Swansea headquarters could be set to impact the car retail sector’s own recovery period, Cox Automotive has warned.

Heycar will reward car dealers with vouchers for Domino's Pizza, BT Sport and electrical goods as part of its new Lift the Cup sales incentive scheme.

The National Association of Motor Auctions (NAMA) has said that first-time conversion rates are set to rise as used car demand increases with the easing of COVID-19 lockdown restrictions.

Auto Trader has painted a positive picture of the car retail sector during March’s COVID-19 ‘Lockdown 3’, with consumer confidence reaching new heights and dealers trading at 90% of normal volumes.

Demand for used cars is starting to accelerate as buyers look to make post-lockdown purchases, according to Starline Motor Finance.

New data from Cox Automotive shows orders for new ‘21’ number plate cars in March, usually the industry’s best performing car sales month of the year, were down by as much as 30%.