The UK ‘s car retailers are Europe’s ‘most trusted’ according to a survey which concluded the situation could leave car buyers “more vulnerable to scams”.
The UK remains the only European country to experience a decline in used car values during 2022, according to Indicata.
A luxury and premium car retailer suffered an estimated £30,000 loss after a London solicitor exploited distance selling regulations to gain full refunds on two Tesla EVs he had owned for over a year.
A used car retailer has taken to his popular Tiktok account to tell car buyers that they need to scour private car sellers’ adverts on Auto Trader if they want to access the market’s cheapest vehicles.
Premium cars defied the UK’s deepening cost-of-living crisis to dominate the Aston Barclay desirability index in early September.
A trio of directors who previously helped drive Imperial Cars to rapid growth have accelerated the expansion of their Carsa used car retail business with the opening of a new showroom in Bradford.
Uncertainty surrounding the balance of supply and demand in the automotive sector has created the most difficult period ever to forecast used car value trends, according to Cap HPI.
The used car sector delivered double-digit growth in the value of new business generated in July as supply issued continued to subdue new car registrations.
Cazoo has confirmed that it will retreat from mainland Europe to focus on the UK used car market as part of cost-saving measures expected to deliver net savings of over £100m by end of 2023.
October’s fuel cap price increase - if implemented - would result in a safety risk for motorists as one-in-five say they plan to cut back on car maintenance.
Motorpoint chief executive Mark Carpenter is rooting for a strong September of new car registrations to get supplies flowing and ease an “overheated” used car sector.
Used premium cars are attracting more buyers in the 18-24 age group than before, according to Heritage Car Insurance.
Suggestions that the UK’s used cars vales are in steep decline are on the verge of a crash have been slammed as “sensationalist speculation” by Auto Trader.
The average price of used cars remained flat in August as stock volumes continued to dip and days to sell improved, research by eBay Motors Group has found.
The Lexus LFA has emerged as the most searched-for 'rare' car, in a study by confused.com.
The last-generation Range Rover has topped a list of the least reliable cars, according to Warrantywise.
A growing divide in the used car sector is seeing values decline among older vehicles in poorer condition as retailers remain ‘laser focussed’ on fast selling stock, BCA has said.
Car retailers are having to “work harder” to maintain sales as consumer demand begins to falter, Cap HPI has reported.
Carwow has attributed a 29% increase in sign-ups to its online car marketplace to improved vehicle supplies and an upgrade of its platform.
Car retailers must rethink their customer propositions to offer greater financial security to cash-strapped customers, according to RAC Dealer Network.
