Cox Automotive’s monthly Dealer Sentiment Survey has found that more than a third (37%) of UK car dealers are stocking older vehicles in the wake of COVID-19 lockdown.
Used car values at BCA’s auctions remained stable during July as 30% increase in volumes sold at its UK sales are met with strong appetite among retailers.
Cox Automotive has reported signs of pent-up demand in the used car market after its auctions went wholly online due to the COVID-19 pandemic.
CD Auctions has welcomed former Citroen UK managing director Karl Howkins as its new MD as part of a bid to accelerate its “plans and ambitions for the future”.
Soaring demand for vans after COVID-19 triggered a home delivery shopping culture across the UK triggered a 20.8% rise in used values during Q2, according to Aston Barclay.
Retail ready used car stock is in “high demand” among car retailers seeking ways to speed-up their business’ COVID-19 recovery by taking advantage of a post-lockdown surge in demand.
Click2trade, an online vehicle auction platform, has launched in the UK following a year of operation in Holland as BAS.
Aston Barclay has said that a surge in demand for used cars stock has seen value rise to its records highest ever level for a Q2 period – with older cars and diesel vehicles leading the way.
Members of the BCA human resources (HR) team have raised more than £3,500 for the NHS, after undertaking a sponsored walk, run and cycle during COVID-19 lockdown.
Before the lockdown, many of the UK’s largest motor auction and remarketing companies were enjoying successes in signing deals. Now, as the sector gears up to return to normal, they are well placed to support the recovery.
The used car market could be on course for a similar “market correction” to that seen in May last year after car dealers and remarketing companies flew out of the blocks post-lockdown.
V12 Vehicle Finance has secured a partnership with City Auction Group in a bid to provide car dealers with a seamless used vehicle stocking proposition.
Leasing giant Zenith has chosen Aston Barclay as its remarketing services supplier, awarding it a two-year contract.
BCA has announced a new fortnightly programme of online Top Car sales following successful events staged in May and earlier this month (June).
CD Auctions has reported a record volume of sales in the first three weeks of June, with online sales attracting a large number of buyers.
The Vehicle Remarketing Association (VRA) is set to debate the potential impact of a “second wave” of the COVID-19 coronavirus and efforts to find an inoculation at its annual general meeting (AGM).
Classic car dealers have been given a new online route to acquiring stock with the launch of the new trade-to-trade remarketing platform, Classic Trade.
COVID-19 has rendered physical car auctions a no-go zone for 23% of car retailers in the short- to medium-term, Cox Automotive’ s latest dealer sentiment survey has revealed.
BCA has claimed that used car values have “steadily risen” during the COVID-19 lockdown period which prevented the majority of UK car retailers for trading.
A Dodge Viper, Ford Mustang, a racing car once driven by Brazilian F1 driver Roberto Moreno and classic Porsches are among stock to be auctioned off by administrators of Specialist Car Malton.
