Used car dealers’ efforts to “buy up as much stock as physically possible” saw January buck an eight-year trend of declining January values with a 0.6% increase, Cap HPI data has indicated.
The Finance and Leasing Association (FLA) has said that the used car finance market looks poised to deliver “record levels of new business” in 2019 as it revealed its results for November.
Auto Trader’s fastest selling used car of 2019 – the Renault ZOE electric vehicle (EV) – has retained its status as the platform’s most desirable vehicle in the first month of 2020.
An increase of 167% in the number of used electric vehicles (EV) entering the UK market in December failed to meet consumer demand, according to Auto Trader – with values remaining high.
UK motorists realised their love of SUVs last year as the segment led Indicata’s monthly fastest-selling cars rankings for nine out of 12 months.
The DVLA has revised its official policy on trade plates following lobbying from the Used Vehicle Industry Group (UVIG) over worries about dealers using untaxed ex-demos and pre-registered cars.
The National Association of Motor Auctions’ (NAMA) monthly market attitude survey has indicated that many remarketing specialists anticipate a rise in the value of used hybrid vehicles during January.
BCA sold more used cars through its auctions in a single January week than at any other time in its history as it got off to a strong start in 2020.
The average value of a used car offered for sale at BCA’s auctions declined by 1.2% during December, but maintained the month’s fourth highest value on record.
The director of independent used car retailer Carpoint has been handed an 18-week suspended jail sentence in relation to car clocking offences.
A partnership between Click Dealer and V12 Vehicle Finance is promising an end-to-end used car technology solution that covers vehicle sourcing, funding and consumer finance provision.
Dealer Auction, the new trade-to-trade sales joint venture of Auto Trader and Cox Automotive, has just launched with an ambition to help dealers secure relevant stock as effortlessly as possible.
Prices of used hybrids and electric cars reached a record level in Q4 2019, according to the latest used car report from Autorola.
German brands dominated the most viewed vehicles on Auto Trader in 2019.
Car dealers suffered a loss of £11,000 in November to all-but ensure the sector's average business incurred losses for the whole of 2019, ASE has reported.
James Hawley has been appointed as area manager for Hendy Group’s Car and Van Store business.
The former commercial director of Sytner Group’s Car Shop used car division, James Dunkley, has joined Camden Ventures as a managing partner weeks after departing the AM100-topping retailer.
Arnold Clark has submitted plans to transform a former Toys R Us store into a car retail facility as part of the expansion of its Motorstore used car supermarket sites.
The used car market defied any market uncertainty created by the General Election to deliver its strongest December performance since 2012, according to data published by Cap HPI.
The chair of the Vehicle Remarketing Association explains why she wants to help her members to steer a steady course with advice and training
Chief executive Jonathan Dunkley, chief financial officer Brian Scott and commercial director James Dunkley of the Sytner Group’s CarShop used car supermarket division have all departed the business, AM understands.
An influx of SUVs and premium vehicles into the used car sector has helped to mitigate a 3.5% decline in values year-on-year, according to Auto Trader’s monthly Retail Price Index.
Electric vehicles (EV) are the UK’s fastest-selling used cars, according to market data analysed by Cap HPI – taking an average of just 39 days to leave car dealers’ forecourts.
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
With economic uncertainty expected to continue into 2020, dealers are being advised to adapt to changing used car buyer attitudes in order to stay ahead.
