Manheim has forecasted a buoyant end to 2018 for the used car market following an uplift in buyer activity during September - describing demand for the right stock as "supercharged".
Cap HPI has warned that large car retail groups that inaccurate vehicle data could be costing their business £117,000 a year in findings from a profitability study carried out in partnership with the Institute of Transport Studies.
The founders of CarWizz have claimed that the new online retail platform will return the control of customer relationships to retailers and reduce ageing new car stock without resorting to a "race to the bottom".
Aston Barclay announced the appointment of former Inchcape UK used car director, Cliff Deller to the position of group remarketing director.
Aston Barclay has completed a deal to open a new auction centre at Wakefield’s Photon Park, a 16-acre site set to sell 50,000 in the coming year
The Independent Motor Dealers Association (IMDA) is aiming to grow its membership to 500 before the end of 2018 after celebrating its first 12 months in operation.
Used car values fell by 5.4% at auction during September according to the National Association of Motor Auctions.
BCA has confirmed plans for an additional Glasgow-based remarketing facility amid “ambitious” Scottish operations expansion.
Used vehicle values are being artificially inflated as competition hots up amongst buyers for nearly new and ex-fleet stock amid WLTP-related new car shortages, according to Shoreham Vehicle Auctions (SVA).
Used LCV values rose to their second highest level in the history of BCA’s Pulse Report during September – with a month-on-month price rise of 5.4%.
Cap HPI has revealed plans to launch a wave of new real-time data tools and insight after adding agility to its new product development with the launch of a new automotive data science team.
The Mercedes-Benz GLA Class emerged as the top performer in Auto Trader's monthly fastest-selling used car rankings for the first time in September – taking an average of 15 days to leave dealer forecourts.
Cartime is set to expand its used vehicle operations in Bury with the creation of a £1.2 million specialist used 4x4 showroom facility.
Online motor auction operation CD Auction Group hopes to make it easier for dealers to buy stock now it has invested in higher quality imaging.
Average prices of cars reached a new record high in quarter three, according to Autorola’s latest used market report.
Aston Barclay has expanded into the consumer car buying sector with the completion of its acquisition of The Car Buying Group (TCBG).
Sytner Group's CarShop used car supermarket operation has opened a £100,000 Technical Training Centre at its preparation centre in Leighton Buzzard.
New car registration data released by the Society of Motor Manufacturers and Traders (SMMT) for September saw a quantum shift from the August return that saw such an uplift in registrations.
City Auction Group has appointed Emma Woodward as the new business development manager at Rockingham as the business looks to develop new vendors for its dual lane facilities in 2019.
Sytner Group recorded a 9.3% decline in profit before tax as it generated a record turnover during 2017, annual financial results have revealed.
Auto Trader has reported that the average price of a used car offered for sales on a dealer forecourt reached a record high of £12,853 during September.
BCA has delivered further evidence of the soaring value of used vehicle stock for car dealers during September as average prices reached the highest level the remarketing specialist has ever recorded.
Car dealers reported an 11% increase in used car sales during September as the average value of each sale declined by 8%, according to EnquiryMAX.
Vertu chief executive Robert Forrester has said that the business is actively looking for new investments after putting in place further measures to further strengthen its “ultra conservative” balance sheet.
In-line with the recent prediction from the Met Office that the UK faces its coldest and harshest winter in a decade, buyer services manager – Alex Miles – at G3 Remarketing, offers his advice to dealers on how they can prepare their forecourts now.
