City Auction Group has appointed Zaiga Jinkinson as its new client relationship director.
Dealer groups are facing major buying restrictions or even total bans at auction in a bid to protect cashflow, according to Shoreham Vehicle Auctions.
Voluntary terminations, voluntary surrenders and repossessions rose in May 2023 to the highest level for nearly two years, according to the Motor Auction Group.
SVA has achieved Electric Vehicle Approved (EVA) status following the rollout of several environmental initiatives over the last 18 months.
Aston Barclay chief executive Tom Marley has left the business “by mutual agreement” as the company announced a raft of changes and new leadership roles.
Shoreham Vehicle Auctions (SVA) has accelerated its fund-raising for the Chestnut Tree House Hospice past £270,000 with a trio of charity car auctions held at the end of March.
Shoreham Vehicle Auctions (SVA) will host its annual charity car and van auctions for the 12th successive year on March 27-28.
Manheim Auction Services has raised a further £20,467 for children’s charity Make-A-Wish UK with a special auction of donated vehicles and other items.
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.
The continued shortage of new vehicles and demand for used ones has left car dealerships with a dilemma.
A decline in average used light commercial vehicle (LCV) wholesale values of just £15 in October suggests that “demand remains well balanced against supply”, according to BCA.
The trade-to-trade online used car stocking platform Dealer Auction has announced the appointment of Ian Armitage as technology director.
BCA has reported "encouraging signs" from a used van market which experienced a 1.8% (£177) decline in average wholesale values during September.
BCA has said that used vehicle process will “remain very robust for some time to come” after wholesale used car values rose 2.9% to £9,197 in September.
The Retail Motor Industry Federation (RMI) is set to trial an Electric Vehicle Approved (EVA) accreditation scheme in the used car remarketing sector.
Car retailers’ used car forecourts are unlikely to benefit from “significant volumes” of additional stock as a result of the sector’s seasonal September sales boost.
Cox Automotive Europe has told car retailers to focus on “potential storms” ahead as they continue to balance limited vehicle supplies with faltering consumer demand.
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.
Used Land Rover Defender models are the most desired at auction, according to Aston Barclay’s desirability index.
