Research by Motorway has revealed that sellers in Britain lose up to £7 billion when selling their cars.
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.
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.
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.
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.
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.
Carwow has introduced new updates to its portal and back-office operations to help make it easier for dealers to source used car stock.
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.
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.
As the car retail sector becomes increasing digital-savvy, AM's Debbie Kirlew took a look at six key areas where strides are being made towards a true omnichannel customer journey.
Annette Whitworth and Andrew Sweeney have been promoted to head of regional accounts and head of key accounts, respectively, at Car Benefit Solutions (CBS).
Tesla’s European sales growth and the launch of zero-emissions SUVs drove a 16% reduction in CO2 emissions among new cars sold across Europe in 2021, Jato Dynamics has revealed.
Alphera Financial Services has appointed former BMW Motorrad Financial Services and MINI Financial Services regional manager Daniel Temple as its head of sales development.
The Financial Conduct Authority (FCA) will “pull no punches” when its sets new guidelines for the car retail sector’s Appointed Representative (AR) model for financial services.
Wholesale used car values declined by 5.9% in March as external economic pressures, the cost-of-living squeeze and the ramifications of the conflict in Ukraine ensured a “tougher” market for retailers.
The UK’s cost of living crisis and the impact of Russia’s war in Ukraine threaten the used car market’s shift towards stability, eBay Motors’ Dermot Kelleher has suggested.
Auto Trader director of data and insights Richard Walker has stated that suggestions of tumbling used car prices “unfounded” – but conceded that demand is softening.
ITC Compliance, a UK intermediary Financial Conduct Authority (FCA) Network, has been purchased by Fortegra Group, a global speciality insurer.
Auto Trader brand director Marc Palmer asserted that “areas of affluence” are the UK’s hotspots for interest in electric vehicles (EV) as the cost-of-living crisis continues to squeeze car buyers’ purse strings.
The online automotive aftersales payment specialist Bumper has appointed carwow founder and chief executive James Hind as a non-executive director.
