Used car retailers increased their stock turn by 11.8% month-on-month as demand for vehicles continued to drive up values at auction houses across the UK, according to Cox Automotive and eBay Motors Group.
Used car values rose 3% at Manheim auction houses and 11% on the Dealer Trade online trading platform but dipped 10% on the consumer-facing Motors.co.uk website during June, Cox Automotive has revealed.
Secure Trust Bank has targeted growth in the in the near-prime and prime car finance sector after appointing former NextGear Capital boss David Mercer as managing director of its motor finance division, Moneyway.
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