The volume of used diesel cars going under the hammer reached an all-time low in Q2, according to Aston Barclay’s latest monthly used market report.
Motorway has reported a 200% uplift un used vehicles sales via its online marketplace in the first half of 2022.
There are fears that the new cars being delivered with incomplete specifications due to the semiconductor shortage are storing up a headache for used car dealers and valuation experts.
Car retailers and wholesalers have been promised the opportunity to trade vehicles in “minutes” via a new platform launched this week.
Diesel cars remain the UK’s fastest selling used cars and continue to buck the trend of declining values, Aston Barclay has told the BVRLA.
Smart Europe has awarded a new five-year remarketing contract to the Autorola Group.
Car retailers eager to ensure their forecourts are stocked with the best used cars in a market currently starved of vehicle supply are being urged to sign-up to today’s free AM webinar.
Wholesale used car prices have declined for a fourth successive month at BCA remarketing centres across the UK as chief operating officer Stuart Pearson asserts “we have seen the market soften”.
Mark Hankey has joined Aston Barclay’s ‘new look’ sales team as chief revenue officer.
Used car marketing provider eBay Motors Group has said that a downward pricing adjustment was “inevitable” in the sector after seeing values decline by 1.5% month-on-month in April.
Data from wholesale and retail used car values data providers has indicated “signs of a market correction” but hopes remain that any market decline will be minor.
Aston Barclay has reported that it expects high demand for used vehicles “well in to 2023” after seeing used fleet car values rise 50.6% in a year and voicing predictions of a diesel car comeback.
Wholesale used car values declined by 5.9% in March as external economic pressures, the cost-of-living squeeze and the ramifications of the conflict in Ukraine ensured a “tougher” market for retailers.
The National Association of Motor Auctions (NAMA) has revealed its new strategy for 2022-23, which includes a focus on alternative fuels and electric vehicles (EVs).
Used car remarketing giant BCA has been fined £1.1 million and ordered to pay £97,000 after a car buyer was crushed by a Porsche at its Paddock Wood auction site in Kent.
BCA has suggested that high used car valuations could prove a “safety net” for car retailers as Russia’s invasion of the Ukraine compound cost of living concerns to impact consumer confidence.
Aston Barclay’s newly-appointed chief executive Tom Marley has said he wants to “catapult the group to higher growth” after negotiating the challenges of COVID-19 and vehicle supply shortages.
Lee Fox has joined Cox Automotive as the new managing director for Cox Automotive Vehicle Solutions to help strengthen its senior leadership team in Europe.
Used car buyers have been told they must “get used to a significantly older profile of vehicle” as supply shortages look set to continue into 2023.
Volvo Car UK has launched a new used car sales platform that will sell its “newest” vehicle stock direct to online car buyers.