Cartime is targeting a £100 million turnover by 2021 after celebrating a set of annual financial results which revealed a 28.7% rise in revenues and 27% increase in pre-tax profits in 2018.
Motorpoint delivered 6.8% turnover growth and 10% growth in profit before taxation and exceptional items in its 2018 annual financial results.
Driver1 has signed a two-year partnership with Cox Automotive, to provide cheap cars on subscription to young drivers.
Cazoo has appointed Jonathan Howell as chief technology officer, ahead of its launch at the end of the year.
Despite volatile alternative fuel vehicle (AFV) values and reports of significant decline across the sector, there is ‘no need' for car retailers to heavily write back stock values, according to Cazana.
Car dealers pushed hard to realise the benefits of car buyers’ increased interest in used cars during May – with the number of prospecting calls up by 21% during the month.
JudgeService has urged dealers to focus on improving customer satisfaction and attention to detail to help drive stock turn and avoid “book” drops.
Auto Trader’s annual turnover rose 8% to £355.1 million in 2018 as its grew its average profit per retailer forecourt by 9% to £1,844.
Auto Trader data recorded a 14% rise in car buyers searching for electric vehicles (EVs) during May, but the 2012 Ford Focus Estate emerged as the online marketing platform’s fastest-selling car.
As political and economic uncertainty shows no sign of abating, AM asks four industry experts to cast an eye over the future of the used car market
Carbase has officially opened the doors to its new Vanbase commercial vehicle supermarket in Bristol.
Cazoo has announced it has signed a number of commercial partnership agreements with BCA to meet its vehicle logistics, refurbishment and disposal requirements.
Fast-expanding Motordepot has revealed a 35% increase in turnover and 16% growth in pre-tax profits in a financial period which saw the independent retailer open three used car supermarkets.
Brexit is yet to have an impact on used car values in the UK according to Cap HPI’s latest analysis of the UK automotive sector.
Cazana director of valuations Rupert Pontin has claimed that its data suggests there is ‘no evidence’ to support suggestions of a significant decline in used car values in recent months.
Used car values have experienced their most severe May decline since Cap HPI’s records began in 2012 and the heaviest monthly drop since December 2014.
Aston Barclay has given car dealers the ability to sell unwanted or duplicate used stock at the push of a button with the launch of its new E-Xchange wholesale online used vehicle remarketing platform.
Car buyers searching for a used electric vehicles (EVs) are being "pushed out" of the market by prices after average values rose by 11% to £23,361 during April, Auto Trader’s Retail Price Index has revealed.
A “market correction” has wiped £500 to £1,000 off the price of the some used cars during May, according to data published by Cap HPI.
A bank holiday-induced dip in consumer demand has been blamed for a 4.6% decline in the average price of a used car sold at auction during April in BCA’s monthly Pulse Report.
JCT600 is celebrating a record set of annual financial results for 2018 after the car retail group’s turnover rose 2% to £1.28 billion and profits held flat in what was described as a “challenging year”.
Michael Bell has been appointed chief executive officer at Available Car Ltd by his parents, who founded the business.
The fastest selling used cars in April were petrol models as demand for the fuel outweighed that of diesel for the first time, according to Indicata.
Car buyers are increasingly purchasing used cars without seeing them in person due to a rise in online car portals, says AA Cars analysis.
The UK’s used car market was down just 0.6% or 11,517 sales in the first quarter of 2019, compared to the same period in 2018.
