used cars
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Used Cars 15 OctCox Automotive reports ‘super-heated’ September wholesale market
Unseasonably low September used car stock levels drove “a super-heated wholesale market”, according to the latest Cox Automotive Market Tracker report.
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Used Cars 14 OctReconditioning slows used car turnaround, find Manheim
Used cars are taking longer to sell at some dealerships due to the time spent reconditioning stock.
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Used Cars 14 OctMercedes E-Class was September's fastest-selling used car
The Mercedes-Benz E-Class was the fastest-selling used car in September with the highest average price recorded so far in 2019, according to Indicata.
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Supplier News 14 OctBrexit could cause spike in demand for nearly-new cars
The outlook for the used car market following post-Brexit currency fluctuations and likely new car price increases will be the subject of the used car masterclass at Automotive Management Live 2019, led by Glass's head of content and production Anthony Machin.
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Supplier News 9 OctADESA UK opens Doncaster de-fleet centre
ADESA UK has opened a second de-fleet centre on a 21-acre site in Doncaster to meet growing demand for its online remarketing services.
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Market Insight 8 OctPre-reg prevalence triggers ‘serious’ nearly-new car value decline
While consumer confidence seems to have improved during the key number plate change month of September efforts to prop up ailing new car sales seem to be hampering parts of the used car market.
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Car Dealer News 7 OctSytner Group remains on the rise with record 2018 revenues and profit
Sytner Group has reported a 7% increase in turnover and 14.2% rise in pre-tax profitability as it delivered a record set of annual financial results in the year to December 31, 2018.
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Used Cars 7 OctRemarketing sector is upbeat about October and Q4 markets, says NAMA
The used car market will remain strong through the fourth quarter of 2019, says the National Association of Motor Auctions, after its latest market attitude survey.
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People News 7 OctManheim recruits new general managers from Inchcape and Kwik Fit
Manheim has appointed Inchcape Retail’s Dean Ashworth and Kwik Fit’s John Fletcher as general managers of its auction centres in Colchester and Wimbledon.
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News 3 OctImperial Cars opens 10.8-acre Bristol car preparation centre
Imperial Cars will aim to prepare 3,500 used vehicles for sale via its car supermarket network each month at its new 10.8-acre Bristol facility which begun operation this week.
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Car Dealer News 2 OctPendragon's Evans Halshaw Car Store closures gather momentum
Pendragon’s plan to close 22 of its 34 UK-wide Evans Halshaw Car Store used car retail sites gathered momentum last week with staff taking to social media to share their sadness at site closures.
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Supplier News 1 Oct
WMS Group acquired by roadside assistance specialist Opteven Group
WMS Group is set to be wholly acquired by Europe’s second-largest Mechanical Breakdown Insurer (MBI) subject to formal approval of the deal from The Financial Conduct Authority (FCA).
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Used Cars 30 SepUsed EVs delivered 3.4% August value increase, Auto Trader reports
The value of a used electric vehicle (EV) rose by an average of 30.4% in August as year-on-year like for like values in the wider market declined by 1.3%, according to Auto Trader.
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Car Dealer News 30 SepArnold Clark reports profit and turnover growth in 2018 results
Arnold Clark’s pre-tax profit increased by 6.5% as group turnover rose by 7.8% during 2018 after growth in used car sales volumes helped to counteract the effects of a decline car retail market.
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Used Cars 26 SepCap HPI reports first used car value increase in 18 months
Cap HPI’s live used vehicle valuations have recorded their first average value growth figures for 18 months.
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Supplier News 24 SepBNP Paribas launch 'one stop' Arval stock funding platform
BNP Paribas Personal Finance has teamed up with Arval to offer UK car retailers a “one stop shop” vehicle stocking product which will allow traders to purchase and finance used stock at the same time.
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News 23 SepUsed car dealer threatened to ‘break legs’ of complaining customers
A team of fraudulent used car salesman who threatened to break the legs of one complaining customer and told another that it would “strangle” Trading Standards officers have avoided jail.
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Used Cars 23 SepRemarketing sector ‘continued to strengthen’ in August, BCA reports
The used car remarketing sector “continued to strengthen” during August as the average price of a vehicle sold via BCA rose 2.9% month-on-month.
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Used Cars 18 SepSeat Alhambra MPV tops Auto Trader fastest selling car rankings
Seat’s Alhambra has grown its reputation as an in-demand MPV thanks to the results of sales data compiled in Auto Trader’s monthly fastest-selling cars rankings.
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Car Dealer News 18 SepPendragon to close 22 Car Stores following 188% H1 profit decline
Pendragon has announced plans to close 22 of its Car Store used car supermarkets and one vehicle preparation centre after detailing a £32.2m underlying pre-tax loss in its H1 2019 financial results.
