Used vehicle values stabilised in October as a result of low supply and steady demand, according to Cap HPI.
Demand for used cars at auction has gained momentum in quarter three, with hybrid and electric vehicles (EVs) reaching their highest average prices on record.
Independent dealer Cartime says sales are off to a fast start at its new Rochdale dealership and it is continuing to recruit new staff members.
Competition to supply valuation information is hot and the savvy car retailer can only benefit
At some stage most of us have had someone in our car sales team who has many years of elapsed experience, but who truthfully has one year’s experience, repeated many times.
Cargiant owner Geoff Warren has spoken of plans to transform the business’s London headquarters into a specialist electric vehicle (EV) centre.
‘Physical auctions are not dead,’ says one leading car remarketer, ‘but we have to evolve and this is through digital’
Anton Khan’s philosophy has taken him from selling cars on his parents’ driveway to CEO of the £26m turnover SW Car supermarket in nine years.
Car supermarkets grew their stock of used vehicles by an average of 11% during September in an effort to capture car buyers looking to buy in the key number plate change month, Motors.co.uk has reported.
Pendragon has delivered an interim statement to share news of a 57.9% growth in underlying profit before tax as revenues and profits continued to decline amid mass site closures during Q3.
Half of Auto Trader’s monthly top ten fastest selling cars rankings was made up of diesel powered vehicles as buyers demonstrated a continued appetite for the fuel type.
Unseasonably low September used car stock levels drove “a super-heated wholesale market”, according to the latest Cox Automotive Market Tracker report.
Used cars are taking longer to sell at some dealerships due to the time spent reconditioning stock.
The Mercedes-Benz E-Class was the fastest-selling used car in September with the highest average price recorded so far in 2019, according to Indicata.
The outlook for the used car market following post-Brexit currency fluctuations and likely new car price increases will be the subject of the used car masterclass at Automotive Management Live 2019, led by Glass's head of content and production Anthony Machin.
ADESA UK has opened a second de-fleet centre on a 21-acre site in Doncaster to meet growing demand for its online remarketing services.
While consumer confidence seems to have improved during the key number plate change month of September efforts to prop up ailing new car sales seem to be hampering parts of the used car market.
Motorpoint has achieved little growth from its half-year trading period, the independent car supermarket group reports.
Sytner Group has reported a 7% increase in turnover and 14.2% rise in pre-tax profitability as it delivered a record set of annual financial results in the year to December 31, 2018.
The used car market will remain strong through the fourth quarter of 2019, says the National Association of Motor Auctions, after its latest market attitude survey.
Manheim has appointed Inchcape Retail’s Dean Ashworth and Kwik Fit’s John Fletcher as general managers of its auction centres in Colchester and Wimbledon.
Imperial Cars will aim to prepare 3,500 used vehicles for sale via its car supermarket network each month at its new 10.8-acre Bristol facility which begun operation this week.
Pendragon’s plan to close 22 of its 34 UK-wide Evans Halshaw Car Store used car retail sites gathered momentum last week with staff taking to social media to share their sadness at site closures.
WMS Group is set to be wholly acquired by Europe’s second-largest Mechanical Breakdown Insurer (MBI) subject to formal approval of the deal from The Financial Conduct Authority (FCA).
The value of a used electric vehicle (EV) rose by an average of 30.4% in August as year-on-year like for like values in the wider market declined by 1.3%, according to Auto Trader.
