Car retailers will be locked into a strategy of “retaining profit margins at all cost” as vehicle supply issues continue into 2022, according to Cox Automotive.
Franchised car retailers and their manufacturer partners have been warned that they are at risk of losing the battle for the used car market as emerging online disruptors assert dominance in stock acquisition.
The introduction of Clean Air Zones (CAZ) is a vital step towards the Government achieving its plans to phase out both petrol and diesel cars by 2030 to reduce emissions and combat climate change.
Aston Barclay has released its June used car desirability index with SUVs remaining the most in demand used car with UK buyers.
Constellation Automotive Group will expand the used car stocking and preparation capacity for BCA and cinch following the £80 million acquisition of Rockingham Motor Speedway.
Constellation Automotive Group has switched the focus of its Corby used car preparation centre from Cazoo to its own cinch online retail offering – delivering a potential 30,000 cars per year.
Aston Barclay has ranked the UK’s 25 most desirable used cars to showcase the capabilities of its new desirability index.
Carzam is poised to launch an online used car buying platform as retailers seek solutions to the stock shortage issues that are causing vehicle values to soar.
BCA has said that it is “confident” of the legality of its operating model and commercial relationship with its self-employed contractors – suggesting the model delivers mutually beneficial flexibility.
BCA could be set to face a legal case over hourly pay rates equating to as little as £2.30-per-hour for its delivery drivers.
Aston Barclay’s decision to allow car buyers to return to its auction halls when COVID-19 ‘Lockdown 3’ ended in April has delivered a 17% uplift in attendances.
BCA has revealed that used car values rose by an average of 15.8% as traders’ stocking demands ramped-up in the week of the April 12 reopening of showrooms in England and Wales.
Manheim Auction Services has said that it will continue to waive its online car buying fees and offer free vehicle collection as part of its Accelerate package of COVID-19 recovery support.
Aston Barclay managing director Martin Potter has said that the success of the remarketing provider’s return to physical auctions after ‘Lockdown 3’ could mean it has to “turn traders away”.
Aston Barclay has reported that its used car sales volumes in a COVID-19 hit Q1 were a match for those of the same period in 2020.
Used car auctions across the UK have reported ‘exceptionally competitive’ trading during March as car dealers prepared for a bumper period of sales following this week’s reopening of showrooms.
Demand for used diesel cars drove prices to record hights during the first quarter of 2021, according to Autorola.
Aston Barclay is preparing to welcome car and van retailers back to its auction halls after 84% of buyers voted for a return to physical trading.
The Vehicle Remarketing Association (VRA) has launched a quick-fire ‘five-minute briefing’ document series with a series od short sector-wide takes on the reopening of car showrooms after COVID-19 ‘Lockdown 3’.
An influx of high-mileage ex-fleet stock pushed the average price of a used van down in February, at auction firm Aston Barclay.
