The National Association of Motor Auctions (NAMA) has said that first-time conversion rates are set to rise as used car demand increases with the easing of COVID-19 lockdown restrictions.
Auto Trader has painted a positive picture of the car retail sector during March’s COVID-19 ‘Lockdown 3’, with consumer confidence reaching new heights and dealers trading at 90% of normal volumes.
Demand for used cars is starting to accelerate as buyers look to make post-lockdown purchases, according to Starline Motor Finance.
New data from Cox Automotive shows orders for new ‘21’ number plate cars in March, usually the industry’s best performing car sales month of the year, were down by as much as 30%.
The average list price of a used car increased by 1.5% in February, climbing from £12,370 to £12,558, according to eBay Motors Group.
Online car retailer Cazoo has launched a new £1 million Customer Centre in a former Infiniti car dealership in Holbeck, Leeds.
CD Auction Group has partnered with automotive technology company Reemaq to launch a new vehicle logistics service for car dealers.
Online used car marketplace Used Cards NI has promoted Stephen Kelly into the role of managing director as it looks to capitalise on accelerated mobile browsing habits and increasing online purchases.
A fraudulent car dealer who clocked-up £190,000 in sales has been issued with a suspended prison sentence and an order to repay over £33,000 in proceeds of crime.
Aston Barclay has partnered with the AA and VMS Group to provide its used car buyers with vehicle checks and a buyer guarantee before making their next stock purchase.
BCA’s cinch online car retail platform has partnered with car dealers across the UK to launch a used car subscription offering called cinchCare.
Orders placed for new vehicles fell by 18.3% in February and used dropped by 30% according to the latest figures from lead management firm, Dealerweb.
Car retail's switch to omnichannel retailing during successive COVID-19 lockdowns have ensured that used cars buyers have “never had it so good”, according to CarShop CEO, Nigel Hurley.
The founder of ill-fated used car retail group Big Cars, Adam Stott, took centre stage in the first episode of the new series of Channel 5 Rich House, Poor House last night.
Cap HPI has said that a realignment of used car price values was “always likely” after it reported a fifth consecutive month of declining vehicle prices across the sector.
Independent used car dealer group Carbase has appointed former Pendragon Car Store division boss Chris Caygill as its new strategy innovation director and Richard Green as chief executive.
Light-commercial vehicles (LCVS) have achieved record values for the third consecutive month at BCA sales.
Motorway has appointed Lloyd Page, as its first CMO.
Cazoo, a UK online motor retailer that already sold almost 20,000 cars to consumers since December 2019, says claims it is stock market bound are speculation.
Car retailers balancing supply and demand during COVID-19 ‘Lockdown 3’ trading have delivered a 41st consecutive week of rising used car prices on the Auto Trader classified advertising platform.
