Auto Trader reports that a 40th consecutive month of year-on-year used car price growth now leaves the average second hand car some £4,000 more expensive than in April 2020 when prices began to climb.
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The number of new cars sold in July was up 28.3% versus July 2022, marking the 12th consecutive month of registrations growth since the market was hit by COVID disruption and supply issues.
Used car values fell by 1.9% in July despite healthy wholesale activity, according to pricing experts at Cap HPI.
TekCor4 has completed the acquisition of S&P Global Mobility’s focused automotive aftersales business, Catalyst for Aftersales.
The Mayor of London is expanding the ULEZ scrappage scheme to offer £2,000 to all Londoners with non-compliant vehicles.
Toyota has unveiled an all-new Land Cruiser that adopts a rugged new look to emphasise its durability and off-road capability.
Peter Vardy is preparing to close two of its purpose-built large car supermarkets in Dundee and Glasgow as a result of challenges in the used car market.
Cinch and other shareholders are backing the increased takeover offer from Global Auto Holdings for Lookers for £504.2 million.
Daz Johnson, director and founder of PlaterPal, has been appointed transport operations manager at JLL Vehicle Distribution, which is now part of DMN Group.
Holden Group has invested more than £500,000 in solar panels to power its car dealerships in Norwich.
Ebay Motor Group has revealed the top 10 fastest selling EVs in July.
AI is developing at such a rate that it will be able to sell cars like a human salesperson in less than two years, according to Phyron.
AM's regular columnist Professor Jim Saker, emeritus professor at Loughborough University's business school and president of the Institute of the Motor Industry, expands on his recent warnings about the UK readily opening its arms to China's vast manufacturing and technological expertise when its regime is potentially unstable in the long term.
As sales of EVs grow in the lead up to the 2030 ban on new ICE cars, replacement tyres could help fill the gap left by diminishing oil sales for many dealers.
Cox Automotive has signed terms with four car supermarkets that will result in an additional 2,000 vehicles a year selling through Manheim Auction Services.
Lotus has appointed Conor Horne as commercial director of UK and Ireland to help lead the brand's growth and transition to an agency sales model.
Ennis & Co, the automotive and mobility executive search company, is expanding its services with three separate business divisions.
Tjekvik has seen a 40% increase in the number of UK customers opting to check-in for their vehicle service over the first six months of 2023.
Edinburgh-based Vehicles in Video has made a double appointment to expand its UK sales and training team.
Volvo Cars UK has stopped taking orders for its S60, V60 and V90 models as it becomes an SUV-only brand.
Hiliary Nicol has announced she is retiring as finance director at Chorley Group after 30 years in the role.
JCT600 posted a pre-tax profit of £43 million, down slightly by 4.4%, while annual turnover increased by 11% to £1.45 billion.
Renault UK has appointed Nicola Burnside to head up Alpine UK and lead the brand’s electric vehicle growth plans.
Petrol was the fuel of choice for many used car buyers in July, against the backdrop of challenging economic conditions, according to eBay Motors Group.
Eden Motor Group is introducing new digital imaging technology at all 21 of its retailers to give it a competitive edge when presenting vehicle listings online.
Alan Greer has been appointed as the new head of finance at Startline Motor Finance.
Hedin Automotive has expanded its representation with premium brands after acquiring Stephen James Group for an undisclosed sum.
Lotus Cars has opened a new first-of-its-kind brand store opposite the Ritz hotel, at the heart of London’s prestigious Mayfair district.
Tesla and MG have led new car growth across Europe in the first half of 2023, according to the latest data compiled by JATO.
