Stocking
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Latest News 8 JanNI dealers' post-Brexit 20% VAT on used cars issue ‘not going away’
A post-Brexit VAT issue that will see 20% added to the cost of used cars imported from mainland Britain and sold by car dealers in Northern Ireland is “not going away”, AM has been told.
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Supplier News 6 JanBusiness as usual for car auctions in COVID-19 ‘Lockdown 3’
Car auctions have indicated that it will remain business as usual for stock-sourcing dealers during the latest COVID-19 lockdown across the UK.
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Supplier News 21 DecAston Barclay to host two Christmas used car auctions
Aston Barclay will host two e-Live online auction events between Christmas and the New Year to help dealers source used car stock during the festive period.
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Supplier News 11 DecMotorway makes private car sellers' reserve prices visible to dealers
Motorway will reveal private car sellers’ reserve price after retailers requested the functionality to help better pitch their bids.
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Used Cars 11 Dec
Aston Barclay car auctions maintained 70% capacity in November lockdown
Used car values declined or remained static as Aston Barclay continued to trade vehicles online throughout November’s COVID-19 ‘Lockdown 2’in England – maintaining 70% of its usual capacity.
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Used Cars 24 NovLand Rover sees used car price surge, Motorway finds
The average price of a used Land Rover has increased by 2% in the last month, with values up 4% year on year according to new data from Motorway.
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Market Insight 17 Nov
‘Business as usual’ at used car auctions, reports NAMA
Members of the National Association of Motor Auctions (NAMA) have told the organisation that it remains “business as usual” at their remarketing centres, despite the ongoing COVID-19 crisis.
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Supplier News 13 NovVolkswagen Group UK signs deal with Dealer Auction
Dealer Auction will supply digital auction services to Volkswagen Group UK's franchised car retail networks after signing a preferred supplier agreement with the German OEM.
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Supplier News 26 OctWilsons Auctions launches WilPay stock funding for dealers
Wilsons Auctions has launched a dealer stock funding service in partnership with V12 Vehicle Finance, part of Secure Trust Bank.
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Used Cars 23 OctMotorway's private sellers’ car valuations rise as dealers compete for stock
Increasing competition for used car stock from private sellers has been revealed in Motorway data showing year-on-year growth in the valuations – with EVs showing a 34% increase.
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Supplier News 22 OctAuto Trader to deliver guaranteed part-exchange tool with Cox Automotive
Auto Trader is set to roll-out a guaranteed part-exchange tool underwritten by Cox Automotive to its online car marketing platform.
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Supplier News 21 OctVRA to address new and used car market at 2021 Outlook seminar
The Vehicle Remarketing Association will cover a range of issues impacting a 2021 new and used car market which promises to be “difficult in all kinds of ways” in its upcoming outlook seminar.
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Supplier News 20 OctBCA accused of ‘opening Pandora’s Box’ with cinch online car retail offering
BCA has been accused of “opening Pandora’s Box” by shifting its cinch online marketing platform to compete directly with its car retail customers in the online sales sector.
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Supplier News 14 OctMotorway offers 50% off incentive to new dealers
Motorway is offering car retailers 50% off broker fees on the first two purchases made through the Motorway Pro platform during October.
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Used Cars 13 OctBCA used car values rise 3.9% as volumes rise in strong September
BCA’s average used car sale value at auction remained above £8,000 for a fourth consecutive month after values rose by 6.9% during strong September trading.
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Used Cars 6 OctSeptember delivered 10-day boost to dealers' used car stock turn
Used car retailers saw their stock turn accelerate by 10 days in September as average advertised prices rose by 1.8%, eBay Motors has reported.
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Supplier News 29 SepBCA launches new Retail Ready used car stocking platform
BCA is promising to provide car retailers with "increased selling opportunities and efficiencies" with the launch of a new Retail Ready used car stocking channel.
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Market Insight 28 SepUsed car value growth ‘not sustainable in the long-term’ says Cap HPI
Cap HPI’s head of valuations has said that the continued growth in used car values is “not sustainable in the long-term” - but may continue into 2021.
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Finance 24 Sep1-in-4 car dealers using COVID-19 loans or overdrafts to stock forecourts
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
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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.
