Motorpoint has said that its logistics staff have driven 86,000 miles to facilitate used car home deliveries since it launched the service during COVID-19 lockdown.
Sales in the used car retail sector showed signs of “cooling off” according to a market report which revealed declining in activity during August – with retail sales down 3.3% year-on-year.
BCA used car auctions delivered average sales entries of over 6,000 vehicles in August as average sold values continued to decline amid “stable market conditions”.
Manheim has confirmed that its auction sites will re-open for COVID-secure used car viewings from Monday (September 14).
Online car marketplace heycar has partnered with Regit and will provide the site with new and used car listings exclusively.
A new study by AA Cars has found that dealers in Liverpool offer the best value used cars, with the strongest combination of affordable prices and low mileage.
Tesla emerged as the fastest growing car brand among buyers searching online for used cars in August, according to analysis by Honcho.
The average UK car retailer recovered more than half of the losses suffered during a Q2 trading period devastated by the COVID-19 coronavirus lockdown, according to ASE Global.
The new and used car finance markets returned to growth in July as showrooms across the UK re-opened their doors following the COVID-19 lockdown period, the Finance and Leasing Association (FLA) has confirmed.
Used car retailers increased their stock turn by 11.8% month-on-month as demand for vehicles continued to drive up values at auction houses across the UK, according to Cox Automotive and eBay Motors Group.
Cazoo will launch a series of new TV and radio adverts this weekend as part of its ongoing multi-million-pound marketing campaign.
Average used car prices on Auto Trader have increased for the fifth consecutive month to £13,705, up by 6.1% in August year-on-year.
Premium used cars have been hailed as “pandemic proof” by online vehicle stocking source Motorway after the value of Land Rovers, Lexus and Maseratis rose by over 8% year-on-year.
Pendragon will rebrand and restructure its Car Store used car division while driving digital innovation in a new growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.
Cazoo founder Alex Chesterman has revealed plans for “couple of dozen” Customer Centres across the UK following the opening of the online car retailer's first vehicle handover and servicing facility in Manchester today.
Shoreham Vehicle Auctions (SVA) has welcomed physical buyers back to socially-distanced auction halls after preparing its locations to limit COVID-19 transmission.
Mervyn Stewart has launched a new Select Used Cars business after £2 million in new funding allowed the business to acquire and redevelop the site of its former Infiniti dealership in Belfast.
The Sytner Group's Carshop operations director Kirk O’Callaghan is set to join Carzam as chief executive ahead of the launch of the digital used car market business.
Used car values showed little sign of an impending “market correction” as prices rose by an average of 0.2% across the sector during August, Cap HPI has reported.
Savings on nearly new 2020-registered cars are putting pressure on new car sales targets for September’s registration plate change.
