Supplier News 28 Apr
Consumers ‘hugely overestimate’ EV battery degradation
Car buying consumer “hugely overestimate” the battery degradation suffered by electric vehicles (EV), allowing themselves to be dissuaded from a purchase by its perceived range-sapping effects.
Used Cars 27 Apr
Used car prices declined just 1% despite April dip in consumer demand
Used car prices declined by 1% during April as Easter holidays delivered a seasonal drop in demand, Cap HPI has reported.
Supplier News 26 Apr
Plans to double Autorola UK workforce fuelled by remarketing success
Autorola UK is set to become the European used car remarketing business’s largest operation after strong growth prompted plans to double its workforce.
Market Insight 26 Apr
LCV values rise despite ‘difficult economic conditions’ in Q1
Light commercial vehicle (LCV) values reached their highest point since July last year as the sector’s performance defied expectations during Q1, BCA has said.
Finance 26 Apr
Latest FCA Consumer Duty deadline puts car dealers on ‘compressed timeline’
An April 30 deadline for motor finance providers to issue product reviews to their retail partners will put car dealers on a “compressed timeline” to deliver compliance with the Financial Conduct Authority’s new Consumer Duty regulations.
Opinion 25 Apr
Opinion: UK Government must refocus on infrastructure in charge to an EV future
The UK Government’s pledge to end the sale of new purely petrol and diesel powered cars by 2030 could be in question unless it incentivises potential electric vehicle (EV) buyers to make the switch.
Supplier News 24 Apr
SVA accelerates Chestnut Tree House Hospice fund-raising to over £270,000
Shoreham Vehicle Auctions (SVA) has accelerated its fund-raising for the Chestnut Tree House Hospice past £270,000 with a trio of charity car auctions held at the end of March.
Digital Marketing 21 Apr
Car dealers must show support to cash-strapped customers
Car retailers have been urged to show support to cash-strapped car buyers as more than a quarter take longer to assess affordability amid the cost-of living crisis and the viability of alternative fuel vehicles (AFV).
Opinion 21 Apr
Opinion: how Peter Ambrose Peugeot employee trust demonstrated compelling exit option
After Peter Ambrose Peugeot became the UK's first mainstream car dealer to adopt an employee ownership trust (EOT) model, RSM’s head of motor retail Alison Ashley explains why its succession strategy is becoming increasingly popular with automotive business leaders.
Used Cars 21 Apr
Fiat 500 tops Cap HPI’s data-driven Used Car of the Year Awards
The Fiat 500 city car’s consistently strong value as a used vehicle has secured it an historic overall win in Cap HPI’s first ever data-driven Used Car of the Year Awards.
Used Cars 21 Apr
Fall in used EV prices ‘breathed life into the market’, says Indicata
The used car market’s supply of electric vehicles (EV) has fallen 59.1% (100 days) in 2023 thanks to a reduction in prices, according to Indicata UK’s latest Market Watch report.
Opinion 20 Apr
Opinion: agency model or not, consumer experience must remain king in car retail
Responding to an accelerated shift in consumer habits, the retail industry is continuing in its transition to offering new sales models and truly customer-centric experiences.
Market Insight 19 Apr
Wholesale used car values rise after ‘better than expected’ Q1 trading
Used cars ended Q1 with a third successive month of rising values at BCA auctions after what chief operating officer Stuart Pearson described as a “very encouraging start to 2023”.
Supplier News 19 Apr
Perrys strikes up EV smart charger partnership with Ohme
Perrys has struck up a new partnership which will see Ohme become its official electric vehicle (EV) charger provider – offering customers access to cheaper tariffs from of-peak energy rates.
Supplier News 18 Apr
First ever Cap HPI Car of the Year Awards winners to be revealed by AM
The UK car retail sector’s best-performing used cars are set to be celebrated when AM reveals the Cap HPI Car of the Year Awards winners later this week.
Used Cars 17 Apr
Used EV buyers can afford to be ‘more aspirational’ after recent value decline
Used electric vehicle (EV) buyers can afford to be more aspirational with their car purchasing plans thanks to value declines that have impacted premium products hardest, according to Cap HPI.
Latest News 17 Apr
Six-in-10 motorists target car purchase in next 12 months
Car buyers are "releasing the handbrake" on their purchase plans, with six-in-10 planning to buy their next vehicle within the next 12 months, according to new research.
Latest News 6 Apr
AM News Show: Swansway director ‘frightened to death’ by cyberattack threat
Swansway Group director Peter Smyth has revealed that the AM100 car retail group has committed £5 million to upgrade its IT systems after admitting he was “frightened to death” of the threat of a cyberattack.
Used Cars 6 Apr
Car dealers under-pricing of used cars cost £25.5m in March alone
The under-pricing of used car stock cost UK car dealers £25.5 million in missed retail opportunity in March alone as average values continued to rise, Auto Trader data shows.
Used Cars 4 Apr
Aston Barclay partners with The Energy Saving Trust to launch educational EV auctions
Aston Barclay has partnered with the Energy Saving Trust to launch a new monthly electric vehicle (EV) auction - with an educational slant.