Stocking
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Used Cars 17 SepUsed car sales decline indicated ‘cooling’ of market in August
Sales in the used car retail sector showed signs of “cooling off” according to a market report which revealed declining in activity during August – with retail sales down 3.3% year-on-year.
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Used Cars 28 AugShoreham welcomes back traders to socially-distanced car auction halls
Shoreham Vehicle Auctions (SVA) has welcomed physical buyers back to socially-distanced auction halls after preparing its locations to limit COVID-19 transmission.
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Used Cars 6 AugDealers’ used car stock levels decline 30% amid post-lockdown demand
Car dealers’ used vehicle stock levels have declined by 30% as post-lockdown demand among buyers leaves businesses “grappling” with the challenge of securing fresh product for their forecourts.
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Supplier News 4 AugMotorway provides free vehicle collection amidst record online car sales
Motorway is providing free vehicle collection worth up to £500 for new dealers, to celebrate hitting the milestone of £1.6m in daily sales.
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Used Cars 23 JulRetail ready used car stock boost dealers’ race to COVID-19 recovery, says VRA
Retail ready used car stock is in “high demand” among car retailers seeking ways to speed-up their business’ COVID-19 recovery by taking advantage of a post-lockdown surge in demand.
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Used Cars 13 JulOlder used cars drove 3.7% June sales increase amid June stock shortages
Vehicles aged over six years helped UK car retailers drive a 3.7% increase in post lockdown used car sales during June, according to analysis by Indicata.
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Used Cars 17 JunPost-lockdown used car bounce-back puts retailers ahead of 2019
A post-lockdown surge in used car sales activity has put retailers ahead of the same period in 2019, according to data gathered by Indicata.
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Supplier News 17 JunMotorway celebrates record £1.39m used cars sales in a single day
Motorway has celebrated its delivery of record volumes of used car stock to the UK’s motor retailers post-lockdown – with £1.39m of sales completed in a single day last week.
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Supplier News 12 MayCox Automotive re-starts Manheim used car auction operations
Cox Automotive has re-started Manheim's car auction operations via its online sales platform following “weeks of careful planning and implementation of the necessary safety measures”.
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Supplier News 11 MayMotorway restarts car auctions with ‘contactless’ logistics service
Motorway has re-started its daily online auctions alongside free trials of a “contactless” car transportation service as car retailers look towards stocking their dealerships ahead of an easing of COVID-19 lockdown restrictions.
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Market Insight 6 MayCox Automotive predicts W-shaped COVID-19 recovery and 29% sales decline
Cox Automotive has predicted a stop/start recovery from the COVID-19 coronavirus outbreak for the automotive retail sector – revising its new car sales forecast to detail a 29% decline in 2020.
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Market Insight 11 MarCoronavirus among ‘significant challenges’ faced by automotive retail
Coronavirus has been acknowledged among a series of “significant challenges” facing the automotive retail sector in the middle to long-term in Cox Automotive’s monthly Market Tracker report.
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Used Cars 6 Feb
EV and used car supply central to 2020 success, dealer survey finds
Supplies of EVs and used cars, consumer demand and efficiency issues will all impact car dealers in 2020, with 54% anticipating increased pressure on profit margins according to a Cox Automotive sentiment survey.
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Supplier News 3 FebCD Auction launches ‘on the move’ used car stocking app
CD Auction Group has launched its used car stocking app as it looks to back-up predictions that the number of vehicles sold off-site will soar to 50% in 2020 following.
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Used Cars 30 JanUsed car market bucks January trend with 0.6% price rise
Used car dealers’ efforts to “buy up as much stock as physically possible” saw January buck an eight-year trend of declining January values with a 0.6% increase, Cap HPI data has indicated.
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Used Cars 24 Jan
SUVs were UK’s fastest-selling used cars in 9 months of 2019
UK motorists realised their love of SUVs last year as the segment led Indicata’s monthly fastest-selling cars rankings for nine out of 12 months.
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Used Cars 20 JanUsed car values declined 1.2% at BCA in December
The average value of a used car offered for sale at BCA’s auctions declined by 1.2% during December, but maintained the month’s fourth highest value on record.
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Used Cars 23 DecSUV and premium used car stock mitigate 3.5% value decline
An influx of SUVs and premium vehicles into the used car sector has helped to mitigate a 3.5% decline in values year-on-year, according to Auto Trader’s monthly Retail Price Index.
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Supplier News 2 DecGlyn Hopkin halves used car stocking days on drive to 14,000 sales
Glyn Hopkin claims to have halved its used car days in stock within 30 days after rolling out a new group-wide focus on ageing stock and introducing new pricing parameters.
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Used Cars 21 NovEfficient used car sales vital to 2020 dealer profits, says epyx
Franchised car retailers will have to continue to drive the efficiency of their used car sales in order to maintain profitability during 2020, according to epyx.
