Cox Automotive has said that sales of used diesel vehicles have continued to contrast those of new diesel cars, despite a year-on-year price rise less than a third of those attracted by petrol counterparts.
Cox Automotive has enjoyed a year of growth, driven by demand for its online businesses.
The Ford Fiesta remains the UK's favourite used car for both the wholesale and consumer automotive market, followed by the Ford Focus and Vauxhall Corsa.
Cox Automotive reported a strong end to 2017 as average used car prices rose across its Manheim auctions, Dealer Auction, NextGear Capital and Motors.co.uk businesses.
Manheim’s average used car price rose by 16% in September as Cox Automotive’s wholesale and retail businesses ride a wave of “higher quality and of lower mileage” stock.
The first four actions at Bruntingthorpe, held during its opening week (September 25-29), saw a "record number of sales" and attracted more than 1,400 visitors.
Manheim will open its 'UK first' double-blocking auction centre Monday September 25 at its Bruntingthorpe site, following a multi-million-pound investment.
Martin Forbes, MD at Cox Automotive, Retail, Media & Data Solutions on increasing his brands’ awareness and the new markets on his radar
Perrys has renewed its exclusive remarketing relationship with Manheim for its part-exchange vehicles.
A shift in the selling price of used cars helped average used values to rise 5.2% in June within Cox Automotive’s wholesale and retail businesses.
Manheim has held what it believes to be the first vehicle auction at sea – an off-site sale for Citroën on No Man’s Fort in the Solent.
Manheim will launch its first double-block vehicle auction in September.
Cox Automotive’s wholesale and retail brands saw a year-on-year increase in sold volumes in May, with selling prices up across the board.
Manheim has sold a 1988 Ford Transit Mark 3 ‘spy van’ for what is believed to be a world record price.
Used car prices increased year-on-year in April in wholesale and retail markets.
The average selling price of vans sold in April by Manheim rose by 13.8% from the same month in 2016, to £5,154.
Hitachi Capital Vehicle Solutions has renewed its remarketing deal with Manheim for the next three years.
Manheim has signed a new two-year deal with Heritage Automotive, which will see around 3,000 part-exchange vehicles offered through its Bristol auction centre every year.
Cox Automotive has reported strong used car market in February, with average selling prices delivering year-on-year rises in both the wholesale and retail markets.
Vindis has signed a new two-year exclusive remarketing deal with Manheim, continuing a five-year relationship that has seen around 4,500 vehicles sold per year.
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 7 2019
Where: Birmingham NEC
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