Stock starved car retailers are avoiding used electric vehicles (EV) as zero-emission vehicles continue to decline four times faster than their diesel-powered equivalents.
Dealer Auction has appointed Auto Trader’s client development director Damien Smith as national account director.
Tesla has triggered "ill-feeling" among customers and cranked-up pressure on residual values with the decision to slash its elelctric vehicle (EV) prices across the US and Europe.
The Advertising Standards Authority (ASA) has upheld a complaint that an ad by RM Sotheby’s encouraged dangerous driving.
Dealer Auction chief executive Le Etta Pearce was interviewed by AM as 2022 drew to a close and revealed consumer-sourced stock is supplementing the trade-to-trade stock as dealers clamour for the right used cars for their forecourts.
Constellation Automotive’s cinch online used car retail operation has posted a £149 million pre-tax loss in annual financial results for 2021/22.
The average price of a used vehicle advertised for sale on Auto Trader rose for the 33rd consecutive month in December – reaching £18,030.
Half of drivers now want to own a car as they are unable to rely on public transport, according to Auto Trader research.
The New York Stock Exchange (NYSE) has begun the process of de-listing warrants for online car retailer Cazoo as a result of “abnormally low” price levels.
A serial fraudster who claimed his criminal activity was triggered by PTSD resulting from a four-week kidnap ordeal has been sentenced for stealing £15,000 from a used car retailer.
RRG and Norton Way owner Marubeni Auto Investment has completed the acquisition of a majority shareholding in three-site used car supermarket business HPL Motors Group.
Four more sites have been added to Inchcape UK's network of used car dealerships, which trade under the Bravoauto brand, taking it to 17 locations.
Used Land Rover and Jeep models delivered the biggest margins for dealers in November, according to Dealer Auction.
As some carmakers see opportunity in manufacturer refurbishment programmes, a consumer survey has found one in two carbuyers would choose a factory-reconditioned used car over current approved used vehicles.
Used car dealers will need to offer a high level of reassurance to ‘vulnerable’ buyers as used cars become older and more expensive in 2023.
Auto Trader expects used car values to rise in early 2023 after remaining flat in the traditionally weak festive trading period.
Used car dealers are concerned that they will not be able to secure stocking finance for the new wave of electric vehicles (EVs) from China, when they reach the used market.
Consumer car finance registered growth for only the fourth time in 2022 as the sector delivered a 4% uplift by volumes and 9% by value.
The continued shortage of new vehicles and demand for used ones has left car dealerships with a dilemma.
Car buying journeys are likely to become longer more complex in 2023, as the cost of living crisis affects consumer behaviour.
