Coronavirus has been acknowledged among a series of “significant challenges” facing the automotive retail sector in the middle to long-term in Cox Automotive’s monthly Market Tracker report.
PSA Group and its in-house leasing firm Free2Move Lease has expanded its remarketing deal with Mhaeim to 30,000 vehicles.
Manheim has launched a new suite of valuation and appraisal products to support dealers with the part-exchange process.
Manheim has has hired former Arval-BNP Paribas executive Arnaud Bosvieux as its customer relationship director.
Unseasonably low September used car stock levels drove “a super-heated wholesale market”, according to the latest Cox Automotive Market Tracker report.
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.
ADESA UK has appointed Manheim’s former head if IT, Kevin Nugen, to roll-out its own “intense digital roadmap”.
More than half of used car retailers reported that they had achieved the same or improved margins during August, according to a Cox Automotive Dealer Sentiment Survey.
Endeavour Automotive has hired Aston Barclay as its remarketing partner in a two-year deal, which will see 4,000 part exchange vehicles sold both physically and digitally.
There was WLTP in 2018. Now there's RDE, although one in three dealers knows little about the latest development in the new car testing regime, according to a survey by Manheim.
Manheim has launched a QuickList Imagery used car imaging offer in a bid to help speed-up retailers’ online marketing efforts.
Manheim has agreed a new five-year deal with used car supermarket operator Big Motoring World.
Driver1 has signed a two-year partnership with Cox Automotive, to provide cheap cars on subscription to young drivers.
A Manheim charity auction has raised £850 for the Hendy Foundation, following a pledge to donate £5 for every car sold.
Car dealers reported a 60% decline in demand during March as reaction to political uncertainty over Brexit the introduction of WLTP-related taxation changes caused owners to hold on to their cars for longer.
Group 1 Automotive has renewed its partnership with Manheim for remarketing services for 14,000 cars until the end of the year.
Wholesale used car prices rose by 0.5% month-on-month in February as car retailers continued to express their concerns about margin compression, Cox Automotive reported.
Manheim has renewed its partnership with Hendy Group, marking the renewal of a 17-year partnership.
Cox Automotive has reported that volumes of nearly-new diesel vehicles declined in January as the used car sector showed stability by “following its normal seasonal pattern”.
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.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues