Indicata has advised used car retailers to reprice and sell overage used car stock “immediately” as part of efforts to get on the front foot ahead of an anticipated easing of COVID-19 trading restrictions in the New Year.
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.
Auto Trader is replacing its i-Control used car stock pricing platform with a new Retail Accelerator platform in an effort to help retailers claw-back some of the £290 million lost to overage stock each year.
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