Volkswagen Group UK has extended its contract with Manheim Vehicle Services to provide defleet services for an additional five-year term.
The Tesla Model 3 has been declared the most desirable used car and electric vehicle (EV) of 2021 for dealers by Aston Barclay.
Used car values were up 13.2% year-on-year in December as BCA’s programme of festive auctions delivered a near-25% sales boost during the last week of 2021.
BCA is hosting regional apprenticeship open days to meet potential candidates interested in embarking on a career as a large goods vehicle (LGV) Driver.
Cox Automotive has said that “volatility” is set to define the car retail sector in 2022 as stuttering car supplies combine with rising inflation and changes to OEM and consumer relationships.
BCA said that the wholesale used car market showed signs of moving towards a “more stable” footing after average sold values declined by 19% in two months.
Clive Brook Group, Drive Motor Retail, Hendy Group, Inchcape Retail and Jemca Motor Group have all ramped-up their acquisition of private used car stock in 2021.
A stabilising of values in the used van market in recent months may highlight “what’s to come” for the used car sector, according to remarketing giant BCA.
Used car dealers are buying cheaper used cars at physical auctions as they search for ways to avoid the impact of limited vehicle supplies and soaring values, according to Shoreham Vehicle Auctions (SVA).
Used car values remained at their second highest level ever in a “frenzied” 2021 market at BCA’s auction in October, despite showing signs of “easing back” in the month’s latter stages.
Auto Trader has posted a 121% increase in operating profit to £151.7 million for the half year ended September 30.
The remarketing sector is suffering from a shortage of skilled workers affecting transport and logistics that extends beyond the widely-reported HGV driver shortfall.
Cox Automotive’s Dealer Auction online used car stocking platform has celebrated increased traction from independent retailers looking to “curate their forecourts” through vehicle disposals.
Constellation Automotive claims to have reached “unmatched scale” in automotive retail after expanding its car retail operations into Europe with the acquisition CarNext.
The new van market has found itself in the unprecedented situation where something as ubiquitous as a Ford Transit isn’t available until after March 2022.
Aston Barclay has said the seasonality of the March and September-centric car retail market has been side-lined as supply shortages triggered 40% price rises in just nine months.
Autorola has reported a third consecutive quarterly rise in online used diesel prices as new car sales continue to fall.
Trade buyers will be allowed back on site at Manheim Auction Services' sites in Bristol, Manchester and Washington to help dealers source stock for their used car forecourts.
Dealers using stock funding facilities with V12 Vehicle Finance can now buy quicker and easier from epyx's 1link Trade Buyer platform thanks to a tie-up between the two companies.
Competition for used car stock continued to grow as used car retail values rose 21.4% in September to reach a new record high after 18 consecutive months of appreciation.