CD Auction is re-starting sales across its operations with immediate effect, amid relaxed lockdown measures introduced by the Government earlier this week.
The volume of cars passing through UK remarketing centres looks set to stabilise during March following a “few months of strong growth”, according to NAMA.
Cox Automotive UK has completed the acquisition of vehicle services provider and Bruntingthorpe operator C Walton Ltd, expanding its whole-life vehicle services offering with its biggest UK acquisition to date.
Dealer Auction, the new trade-to-trade sales joint venture of Auto Trader and Cox Automotive, has just launched with an ambition to help dealers secure relevant stock as effortlessly as possible.
Digital used vehicle buying increases at Aston Barclay in the third quarter of 2019.
Manheim has has hired former Arval-BNP Paribas executive Arnaud Bosvieux as its customer relationship director.
Demand for used cars at auction has gained momentum in quarter three, with hybrid and electric vehicles (EVs) reaching their highest average prices on record.
‘Physical auctions are not dead,’ says one leading car remarketer, ‘but we have to evolve and this is through digital’
The used car market will remain strong through the fourth quarter of 2019, says the National Association of Motor Auctions, after its latest market attitude survey.
Aston Barclay has appointed former Manheim director Richard Cross as its new group sales director.
Aston Barclay has appointed Karl Ward, previously remarketing manager at Ogilvie Fleet, as manager of its Wakefield ‘Northern Powerhouse’.
TDR Capital is in advanced talks to buy BCA Marketplace for £1.9bn.
Manheim has agreed a new five-year deal with used car supermarket operator Big Motoring World.
Car dealers have been called upon to end unnecessary used vehicle stock value losses of up to 5% by creating a centralised national service history database.
BCA chief operating officer Stuart Pearson has said that buoyant 2018 used car values may have created ‘unrealistic expectations’ among used car dealers after another year-on-year decline at its auctions.
Driver1 has signed a two-year partnership with Cox Automotive, to provide cheap cars on subscription to young drivers.
Auto Trader’s annual turnover rose 8% to £355.1 million in 2018 as its grew its average profit per retailer forecourt by 9% to £1,844.
Aston Barclay has given car dealers the ability to sell unwanted or duplicate used stock at the push of a button with the launch of its new E-Xchange wholesale online used vehicle remarketing platform.
CD Auction Group has appointed Paul Barnes as buyer development manager to work across Auction and Salvage Auction.
A Manheim charity auction has raised £850 for the Hendy Foundation, following a pledge to donate £5 for every car sold.
