Market Insight 3 Mar
Retailers' 'safety net' of high used car values could be starting to shift
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.
People News 2 Mar
Aston Barclay appoints The Car Buying Group MD Tom Marley as CEO
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.
People News 10 Feb
Lee Fox appointed new MD for Cox Automotive Vehicle Solutions
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 Cars 7 Feb
Older vehicles the norm as used car shortages persist into 2023, says Cox
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.
Manufacturer 7 Feb
Volvo begins direct-to-consumer used car sales through new online portal
Volvo Car UK has launched a new used car sales platform that will sell its “newest” vehicle stock direct to online car buyers.
Supplier News 2 Feb
VW extends defleet contract with Manheim
Volkswagen Group UK has extended its contract with Manheim Vehicle Services to provide defleet services for an additional five-year term.
Used Cars 2 Feb
Used Tesla Model 3 is hottest property for dealers, find Aston Barclay
The Tesla Model 3 has been declared the most desirable used car and electric vehicle (EV) of 2021 for dealers by Aston Barclay.
Supplier News 18 Jan
BCA’s festive sales programme boosted December used car sales by 25%
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.
Supplier News 18 Jan
BCA helps address LGV driver shortages with new apprenticeship programme
BCA is hosting regional apprenticeship open days to meet potential candidates interested in embarking on a career as a large goods vehicle (LGV) Driver.
Market Insight 7 Jan
‘Volatility’ to define 2022 car retail sector, says Cox Automotive
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.
Used Cars 20 Dec
BCA predicts used car sector stability after values declined 19% in two months
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.
Used car 10 Dec
Slower stock turn could win retailers the used car profit race
A rapid rate of stock turn has traditionally been a sure-fire way for car dealerships to maximise their used car profits and forecourt space.
Used car 9 Dec
Profit from private: dealers share the benefits of the new go-to stocking source
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.
Used car 9 Dec
Used car retailers will have to 'buy smarter' in competitive 2022 market
Used car prices remain at all-time highs and retailers have been told they will have to "buy smarter" to remain competitive as the trend continues into 2022.
Market Insight 30 Nov
Stable van prices indicate ‘what’s to come’ for used cars, says BCA
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 Cars 25 Nov
Is online remarketing playing key role in soaring used car values?
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 Cars 15 Nov
Used car values show signs of ‘easing back’ at BCA auctions
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.
Latest News 11 Nov
Auto Trader half-year operating profits up 121% to £151.7m
Auto Trader has posted a 121% increase in operating profit to £151.7 million for the half year ended September 30.
Supplier News 26 Oct
Remarketing sector skills shortage extends beyond HGV drivers
The remarketing sector is suffering from a shortage of skilled workers affecting transport and logistics that extends beyond the widely-reported HGV driver shortfall.
Supplier News 19 Oct
Independent dealers embrace Dealer Auction for used car stock disposal
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.