Stocking
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Supplier News 2 FebMotorway doubled its used car sales revenues to £1.7bn in 2022
Motorway has asserted that it has “significant funding reserves” to drive further growth after more than doubling its used car sales revenues to £1.7 billion in 2022.
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Used Cars 31 JanRetailers impose used EV stocking ban as values slump
A festive rush to stock petrol and diesel cars triggered 25% sales growth at UK auctions as consumers cooled on the idea of buying a pre-owned electric vehicle (EV).
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Market Insight 16 JanUsed EV nerves intensify as values decline four times faster than diesel
Stock starved car retailers are avoiding used electric vehicles (EV) as zero-emission vehicles continue to decline four times faster than their diesel-powered equivalents.
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Used car 14 DecRetailers navigate mistrust and short supply to fine-tune used car stocking strategies
The continued shortage of new vehicles and demand for used ones has left car dealerships with a dilemma.
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Used Cars 5 DecUsed car retailers alerted to ‘risks around affordability’ as prices continue to rise
Used car retailers were urged to be aware of the “risks around affordability” as motorists seek out older, more affordable cars to mitigate against the continued rise in values.
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People News 2 DecMotorway appoints Now TV's Rachael Halliday as brand marketing director
Motorway has appointed former Sky TV and Now TV marketing expert Rachael Halliday into the newly-created role of brand marketing director.
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Supplier News 30 NovWeBuyAnyCar complaint results in ban for Motorway TV and radio adverts
A WeBuyAnyCar complaint to the Advertising Standards Authority (ASA) has resulted in a ban on Motorway TV and radio adverts which claimed it could offer motorists “up to £1,000 more” for their used car.
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Opinion 31 OctCar retailers must not fail to prepare for positive 2023 during Q4, opinion
Dealerships need to use the quieter Q4 period to ensure staff are fully prepared to meet an expected Q1 upswing – which could signal a move towards the return of something approaching normality.
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Used Cars 19 OctBCA’s wholesale used car values grew 2.9% in September
BCA has said that used vehicle process will “remain very robust for some time to come” after wholesale used car values rose 2.9% to £9,197 in September.
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Supplier News 7 OctWMS Group provides used vehicle stock support for its dealers
Independent dealers that partner with WMS group can benefit from enhanced access to used vehicle stock through a new partnership with MOTOM.
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Used Cars 4 Oct
Supermarkets and franchised dealers keep pace with September used car price rise
Used car supermarkets and franchised retailers responded to September’s sector stability to increase the value of their advertised vehicle stock by 1.5% and 1%, respectively.
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Used Cars 31 AugUsed prices stabilise in August as stock volumes continue to drop
The average price of used cars remained flat in August as stock volumes continued to dip and days to sell improved, research by eBay Motors Group has found.
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Used Cars 26 Aug
Car dealers ‘laser focussed’ on fast-selling used car stock
A growing divide in the used car sector is seeing values decline among older vehicles in poorer condition as retailers remain ‘laser focussed’ on fast selling stock, BCA has said.
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Used Cars 26 Jul
Car dealers lose £11,000 a month using ‘opinions’ to price used vehicles
Auto Trader has claimed that car retailers pricing their used car stock using “opinion” instead of live market data are losing almost £11,000 a month.
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Used Cars 19 JulVauxhall Corsa-e EV is ‘most desirable’ car at Aston Barclay auctions
Vauxhall’s zero-emissions Corsa-e hatchback has emerged as the most desirable’ car at Aston Barclay auctions as EVs and premium cars attract the most attention from buyers.
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Used Cars 7 JulUsed car sales slow as cost-of-living crisis begins to bite in retail sector
Used car sales slowed as the average price of a car advertised for sale declined by 4.7% in Q2 according to eBays Motors data which showed the impact of the UK’s growing cost-of-living crisis.
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Used Cars 6 JulDealers respond to cost-of-living crisis by changing stock, Startline finds
Startline’s Used Car Tracker has revealed that 63% of dealers have changed the types of cars they are stocking in response to the cost-of-living crisis.
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Supplier News 6 JulMotorway completes £750m used car sales in H1 2022
Motorway has reported a 200% uplift un used vehicles sales via its online marketplace in the first half of 2022.
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Used Cars 4 JulNew cars missing spec risks chaos for dealers' used car sales
There are fears that the new cars being delivered with incomplete specifications due to the semiconductor shortage are storing up a headache for used car dealers and valuation experts.
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Used Cars 30 JunUK is only used car market in Europe where values continue to fall
The UK is now the only used car market in Europe where the value of vehicles continues to fall, according to data published by Indicata.
