Eden Motor Group has signed an exclusive two-year deal with BCA to support its used car programme.
Car dealers showed their ability to adapt to challenging market conditions by achieving an average profit of £2,900 during December, ASE has reported.
The National Association of Motor Auctions predicts that February will be a “strong month” for auction houses as volumes and conversions rates are expected to increase.
A premium car dealer has been found guilty of defrauding customers after taking cash and part-exchange vehicles but failing to deliver on deals that were “too good to be true”.
Finance profit will be key to car retailers’ efforts to realise greater profit from used cars in 2019 as FCA scrutiny and greater influence from the market’s ‘disruptors’ continue to apply pressure.
Used diesel values have dropped by more than 10% since 2017, as demand shifts towards petrol models.
Rising overheads, increased competition, sourcing the right stock, Government policy and Brexit are all set to impact car dealers in 2019, according to responses to the CarGurus One Voice Report.
A used car dealer already convicted of tax avoidence after failing to pay £1.1 million in taxes from his home-based retail operation has been jailed for three years.
Used car values declined by 0.7% in January as dealers saw lower retail demand for vehicles priced over £12,000, Cap HPI has reported.
Santander Consumer Finance will offer a wholesale finance facility at Aston Barclay sites.
Facebook is bringing more targeted car sales advertising to the UK market after launching its automotive inventory advertising software which has already proved successful with US dealers.
Franchised car dealers should prepare for a rise in demand for MOTs as a record number of cars are due for their first test this year.
The Sytner Group's Car Supermarket Division has extended its remarketing partnership with Manheim for a further two years, including the launch of a new sales programme in Leeds.
The used car markets record-breaking performance in 2018 is expected to continue this year, predicts the National Association of Motor Auctions (NAMA).
UK car dealers remain ‘resolutely optimistic’ despite Brexit, diesel vehicles’ negative press and increased competition for used car stock in 2019, according to Close Brothers Motor Finance.
Motorpoint is targeting a £40,000 2019 fund-raising target following a series of events which delivered a near-£30,000 windfall for its partner charities in 2018.
City Auction Group sold 450 cars in three hours at its refurbished Rockingham site, which now features two lanes.
MotoNovo Finance's online used car aggregator Findandfundmycar.com has reached 2,600 dealer sign ups since it s launch in 2018.
Used car dealers sold Ford Kas more quickly than any other used car last year, according to data from Indicata.
A pistol-wielding trespasser who told two car salesman “I’ll ****ing hurt you” after they confronted him over the use of their car forecourt for a regular cut-through has been jailed for 12 months.
Hippo Motor Group is in the process of developing a £4m vehicle preparation centre before starting a £1m expansion of its prestige used car showroom in order to facilitate the business’ growth.
The Vauxhall Mokka finished top of Auto Trader’s fastest selling cars of 2018 rankings – with SUVs filling eight of the top 10 places.
Finance and Leasing Association (FLA) data for November has shown a 1% decline in point of sale (POS) consumer car finance by volume, compared with the same month in 2017.
Driver 1 has announced the launch of its car subscription service, offering car retailers the opportunity to monetise pre-registration stock.
Manheim research has revealed that the Vehicle Excise Duty (VED) supplement on vehicles costing over £40,000 has caught customers unawares.
