used cars
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Car Dealer News 22 OctCarShop adds fourth used car supermarket in Yorkshire with Haifax Express store
Sytner Group’s CarShop used car supermarket division has opened a new retail site near Halifax, taking its number of Yorkshire retail sites to four.
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Supplier News 22 Oct
Close Brothers offers car retail insight tools through Auto Trader partnership
Close Brothers Motor Finance has teamed-up with Auto Trader to launch a “motor finance industry-first data tool” offering consumer demand insight to car retailers.
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Market Insight 22 OctCar dealers’ used cars stock levels down 9.4% year-on-year, says Indicata
Car dealers’ used car stock levels were 9.4% down year-on-year last month and 16.5% down on September 2019, according to data published by Indicata.
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Market Insight 20 OctSupply shortage leaves 17% of used cars more expensive than brand new
Auto Trader has reported that 17% of nearly new used cars are now more expensive than their brand-new equivalents as supply shortages continue to stall global car manufacturing.
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Supplier News 19 OctIndependent dealers embrace Dealer Auction for used car stock disposal
Cox Automotive’s Dealer Auction online used car stocking platform has celebrated increased traction from independent retailers looking to “curate their forecourts” through vehicle disposals.
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Supplier News 14 OctValue of Motorway used car sales grew three-fold in Q3
The Motorway used car stocking portal has seen its vehicle sales grow 300% by value in Q3 after appreciating prices transformed the sector.
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Used Cars 14 OctVertu CEO Robert Forrester: ‘I’m buying used cars everywhere I go’
Vertu Motors chief executive Robert Forrester has told AM that he is “buying used cars everywhere I go” as part of the AM100 PLC’s efforts to keep its forecourts stocked.
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Used Cars 13 OctUsed car market ‘seasonality’ side-lined as values rose 40% in 9 months
Aston Barclay has said the seasonality of the March and September-centric car retail market has been side-lined as supply shortages triggered 40% price rises in just nine months.
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Car Dealer News 13 OctCazoo grows Customer Centre footprint at Essex's Lakeside Retail Park
Cazoo has opened the doors to its 20th car retail Customer Centre at West Thurrock’s Lakeside Retail Park following a £1 million investment.
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Market Insight 12 OctAutorola reports third consecutive quarterly price rise for used diesels
Autorola has reported a third consecutive quarterly rise in online used diesel prices as new car sales continue to fall.
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Market Insight 11 OctManheim reopens more physical car auction sites
Trade buyers will be allowed back on site at Manheim Auction Services' sites in Bristol, Manchester and Washington to help dealers source stock for their used car forecourts.
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Technology 11 OctTie-up between epyx 1link and V12 Vehicle Finance for trade funding
Dealers using stock funding facilities with V12 Vehicle Finance can now buy quicker and easier from epyx's 1link Trade Buyer platform thanks to a tie-up between the two companies.
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Used Cars 8 OctSeptember stock increase did not stop used car price growth
Used car inventory levels grew by 4.7% in September, but the improved supply did nothing to stem price growth.
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News 7 OctCar salesman stole £30,000 from employer after family expanded with quadruplets
A used car dealership’s sales manager claimed he stole up to £30,000 from his employer to “make ends meet” after his family expanded with the arrival of quadruplets.
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News 7 OctMotorpoint reveals 57% revenue growth in H1 trading update
The Motorpoint used car supermarket group has revealed turnover growth of 57% and pre-tax profits up 30% in a trading update for the first half of 2021.
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Car Dealer News 7 OctPendragon raises 2021 profit forecast thanks to 'strong' margins and demand
Pendragon has followed fellow car retail PLCs Marshall and Lookers into issuing an upgrade to its 2021 profit expectations after a “strong” Q3 performance.
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Used Cars 6 OctHyundai i30 and Mitsubishi Shogun among UK's top 5 used cars for value growth
The Hyundai i30 and Mitsubishi Shogun have been listed among Auto Trader’s ranking of the used cars that delivered the biggest retail value increases in September.
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Market Insight 6 OctMajority of used car buyers still want to talk to dealers
Almost two thirds of used car buyers expect to buy a used car in a showroom and talk to dealers face-to-face, a new study has found.
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Market Insight 6 OctCompetition for used car stock grew as retail prices rose 21.4% in September
Competition for used car stock continued to grow as used car retail values rose 21.4% in September to reach a new record high after 18 consecutive months of appreciation.
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Market Insight 4 OctAston Barclay achieves record conversions and prices in September
Aston Barclay achieved its strongest ever conversion rates in September, along with record prices.
