Used vehicle retailing - Page 41

The average list price of a used car increased by 1.5% in February, climbing from £12,370 to £12,558, according to eBay Motors Group.

Online car retailer Cazoo has launched a new £1 million Customer Centre in a former Infiniti car dealership in Holbeck, Leeds.

CD Auction Group has partnered with automotive technology company Reemaq to launch a new vehicle logistics service for car dealers.

Online used car marketplace Used Cards NI has promoted Stephen Kelly into the role of managing director as it looks to capitalise on accelerated mobile browsing habits and increasing online purchases.

A fraudulent car dealer who clocked-up £190,000 in sales has been issued with a suspended prison sentence and an order to repay over £33,000 in proceeds of crime.

Aston Barclay has partnered with the AA and VMS Group to provide its used car buyers with vehicle checks and a buyer guarantee before making their next stock purchase.

BCA’s cinch online car retail platform has partnered with car dealers across the UK to launch a used car subscription offering called cinchCare.

Orders placed for new vehicles fell by 18.3% in February and used dropped by 30% according to the latest figures from lead management firm, Dealerweb.

Car retail's switch to omnichannel retailing during successive COVID-19 lockdowns have ensured that used cars buyers have “never had it so good”, according to CarShop CEO, Nigel Hurley.

The founder of ill-fated used car retail group Big Cars, Adam Stott, took centre stage in the first episode of the new series of Channel 5 Rich House, Poor House last night.

Cap HPI has said that a realignment of used car price values was “always likely” after it reported a fifth consecutive month of declining vehicle prices across the sector.

Independent used car dealer group Carbase has appointed former Pendragon Car Store division boss Chris Caygill as its new strategy innovation director and Richard Green as chief executive.

Light-commercial vehicles (LCVS) have achieved record values for the third consecutive month at BCA sales.

Motorway has appointed Lloyd Page, as its first CMO.

Cazoo, a UK online motor retailer that already sold almost 20,000 cars to consumers since December 2019, says claims it is stock market bound are speculation.

Car retailers balancing supply and demand during COVID-19 ‘Lockdown 3’ trading have delivered a 41st consecutive week of rising used car prices on the Auto Trader classified advertising platform.

Used car dealers are more positive about their ability to make a healthy margin on their sales than they were before the COVID-19 pandemic, a new survey has found.

Cox Automotive’s Phillip Nothard has said it is “vital” that car showrooms are able to re-open as soon as possible despite signs that many retailers continue to perform well against the odds in COVID-19 ‘Lockdown 3’.

Cazana’s director of insights, Rupert Pontin, has conceded that February new and used car sales were ‘less promising than expected’ – despite attempts to set the data in a positive context.

Used car retailers have been warned of an electric vehicle (EV) overpricing issue once again after diesel-powered vehicles sold fastest in January.

CD Auction Group has axed listing and sellers fees on its dealer-to-dealer Vehicle Tradex platform in a bid to support car dealers keen to re-stock their forecourts during COVID-19 ‘Lockdown 3’.

Car retailers have returned to auctions in February after January experienced “price sensitive” trading as they stocked forecourts with sub-£12,000 price vehicles, according to Aston Barclay.

The CarShop brand is set to go global as Penske Automotive looks to rebrand its US CarSense operation and expand its used car supermarket footprint from 17 to 40 locations by 2023.

Cazoo has completed the acquisition of Smart Fleet Solutions in a deal which equips it with the ability to recondition more than 100,000 used cars each year ‘in house’.

Car auction firms believe that values for used petrol and diesel cars will remain strong or could increase, despite a decline in the used car market.