Supplier news
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Market Insight 17 MayWholesale used car prices decline for fourth successive month at BCA
Wholesale used car prices have declined for a fourth successive month at BCA remarketing centres across the UK as chief operating officer Stuart Pearson asserts “we have seen the market soften”.
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Supplier News 16 MayAuto Trader becomes economic barometer for the Office for National Statistics
Auto Trader has struck-up a new partnership with the Office for National Statistics (ONS) which will see the used car marketplaces data become an official economic barometer for the authority.
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Supplier Interviews 16 May5 minutes with… Paul Hollick, chair, Association of Fleet Professionals (AFP)
The addition to AM’s ‘5 minutes with…’ features series sees editor Tim Rose sit down with Association of Fleet Professionals (AFP) chair Paul Hollick to discuss its new dealer standard and what it might mean for car retailers.
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People News 12 May'Heroic' LKQ Euro Car Parts driver receives Trakm8 safety award
A driver for LKQ Euro Car Parts, who saved a couple from a submerged vehicle, has been named as the winner of Trakm8’s Road Safety Hero Award.
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People News 10 May‘Exciting’ new growth phase prompts leadership changes at carwow
An “exciting and ambitious phase of growth” at carwow has prompted the online car retail marketplace to strengthen its leadership team with a series of senior promotions and appointments.
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Talent & People 10 MayAutomotive retail still has work to do to address diversity issues
An Institute of the Motor Industry (IMI) report aiming to be the catalyst of a shift to greater diversity, inclusion and equity in automotive has revealed that gender remains the source of the sector’s most significant representation imbalance.
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Market Insight 9 MayCar retail to be impacted as consumers ‘grapple with a cost-of-living crisis’
The car retail sector should be braced for a prolonged period of uncertainty as OEMs impacted by Russia’s war in Ukraine battle to deliver vehicle supplies and consumers “grapple with a cost-of-living crisis”.
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Market Insight 9 MayUsed car pricing adjustment ‘inevitable’ after sector-wide April value decline
Used car marketing provider eBay Motors Group has said that a downward pricing adjustment was “inevitable” in the sector after seeing values decline by 1.5% month-on-month in April.
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Supplier News 4 MayIntelligent Motoring launch creates aftersales customer management 'powerhouse'
The car retail sector’s MotorEasy, Warranty Assist, Motokiki and Motor Angel aftersales customer acquisition and retention tool suppliers have been brought together through the launch of Intelligent Motoring.
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Supplier News 3 MayBuyacar CEO Andy Oldham leaves business as it stops selling used cars online
Buyacar founder Andy Oldham has left his position with the business’s new owner, Autovia, after a new strategic direction brought an end to the platform’s online sale of used cars and motor finance.
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People News 28 AprOodle announces new leadership line-up
Motor finance company, Oodle, has announced changes to its leadership team, including the appointment of Richard Gaskin as chief executive designate.
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Market Insight 28 AprSellers lose up to £7bn when selling used cars, according to Motorway
Research by Motorway has revealed that sellers in Britain lose up to £7 billion when selling their cars.
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Supplier News 26 AprVolvo Cars buys a stake in Carwow online car marketplace
Carwow has attracted an investment from Volvo Cars, which has taken a minority stake of the online car sales marketplace through its venture capital arm, Volvo Cars Tech Fund.
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Market Insight 25 AprVehicle supplies, compliance and new mobility are car retailers top concerns
Vehicle supplies, compliance and new mobility are considered the three top challenges facing car retailers in 2022, according to the Startline Motor Finance’s first monthly Used Car Tracker survey.
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Used Cars 22 AprV12 Vehicle Finance urges used car dealers to ‘take stock’ of EV growth
Used car retailers have been urged to focus on accelerating their electric vehicle (EV) stock holding to around 10% of their forecourts in a bid to embrace an inevitable rise in demand for pre-owned EVs.
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Supplier News 22 AprSteer Automotive Group acquisition commences London expansion plan
Steer Automotive Group has acquired the 11-site Artis Accident Repair Centres business to begin the latest phase of its expansion plan – in and around London.
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Supplier News 21 AprSVA announces health, wellbeing and sustainability strategies
Shoreham Vehicle Auctions (SVA) has announced plans to introduce a new health and wellbeing strategy for its employees and deliver a net zero emissions strategy.
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Supplier News 20 AprCarwow enhances platform to help dealers source used car stock
Carwow has introduced new updates to its portal and back-office operations to help make it easier for dealers to source used car stock.
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Used Cars 20 AprUsed fleet car prices up 51% as values continue to rise at Aston Barclay
Aston Barclay has reported that it expects high demand for used vehicles “well in to 2023” after seeing used fleet car values rise 50.6% in a year and voicing predictions of a diesel car comeback.
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Market Insight 20 AprCar registrations expected to dip 10% in H1 as manufacturing recovery falters
New car registrations are expected to decline 10% year-on-year in the first half of 2022 with all hopes pinned on a recovery in H2, Cox Automotive’s latest forecasts reveal.
