eBay Motors Group has said that dealers may have to "work their marketing harder" to reach car buyers earlier and maintain leads until potential customers are ready to buy.
Tesla has risked further hit to used car residual values and increases to monthly finance payments with further price cuts to certain models in its electric vehicle (EV) line up.
Used examples of Nissan’s Leaf electric vehicle (EV) have defied the recent slump in pre-owned EV values to top Dealer Auction’s Retail Margin Monitor rankings in February.
Cazoo has announced the appointment of former CarShop chief executive Jonathan Dunkley as chief operating officer in a trading update published today (March 7).
Big Motoring World is hoping to score an ace with the opening of a new used car supermarket site in Wimbledon – its sixth location in a growing retail network.
Cazoo has removed 15 of its 22 used car handover centres from its website after staff were informed that a series of planned closures would be going ahead.
Strong demand for used vehicles, compounded by ongoing supply restrictions in the new car market, have driven growth in retail prices across the board last month.
The UK Government has asserted that its new Windsor Framework to refine post-Brexit arrangements for Northern Ireland will “protect” the country’s second-hand car market.
Motorpoint has started a recruitment drive to attract staff for its 20th used car retail site, which is set to open in Ipswich in May.
Limited supplies of zero-emission electric vans is creating “volatility” in a light commercial vehicle (LCV) sector experiencing a ramp-up in demand, BCA has said.
Longer used car warranties became more popular in 2022 due to the cost-of-living crisis and the ageing vehicle parc, the RAC Dealer Network has reported.
Cazoo has completed the disposal of the used car data insights platform Cazana for an undisclosed sum just over 17 months after acquiring the business for £25 million.
More than a third (34%) of dealers are stocking more economical cars to meet the needs of buyers during the cost of living crisis.
The recent decline in used electric vehicle (EV) values has kickstarted demand among buyers and led to an increase in sales.
Auto Trader has diagnosed the used car retail sector with “robust health” after reporting a 0.7% rise in the average value of a vehicle during February trading.
Dealers are going above and beyond obligated checks to ensure they receive a high-level of testing and inspection before sale, research by WMS Opteven has shown.
Sales teams must focus on making every customer interaction an “empathetic and positive experience” in order to boost used car stock turn, says Judgeservice.
Used car inspection cans reduce the time it takes a vehicle to sell and ensure it remains roadworthy, according to DMN Logistics.
Car retailers who suffered “significant pain” as a result of a recent slump in used electric vehicle (EV) values could soon be seeking out zero emission forecourt stock once again, according to Cap HPI.
The Vehicle Remarketing Association (VRA) has called for Government to introduce new incentives to support motorists looking to adopt zero-emission transport through the purchase of a used electric vehicle (EV).