Mercedes-Benz GLB Class was the hottest used car of 2024, selling in just an average 16 days with the German brand also securing the second spot with the A Class selling in an average of 16.5 days, according to online marketplace Auto Trader.
The latest Auto Trader Insight webinar brought together Catherine Faiers, chief operating officer at Auto Trader, and Jason Cranswick, chief operating officer at Marubeni Auto Investment, to discuss where opportunities lie in the coming year.
As the remarketing sector faces a period of profound transformation, the insights shared at the Vehicle Remarketing Association’s Automotive Summit focussed on the need for agility, data-driven decision-making, and forward-thinking strategies.
Customers take on average 87 days before deciding, making early engagement with potential buyers essential for driving January sales.
Jaguar’s ambitious rebranding strategy has led to significant spikes in consumer interest for its older models ahead of the unveiling of its new grand tourer (GT) concept car in Miami on December 2.
The UK car market is expected to hit its peak in terms of petrol vehicle numbers in 2024 although the industry continues to grapple with the the post-pandemic shortage of nearly 3 million cars not sold during that period, stricter Zero Emission Vehicle (ZEV) targets, rising competition from new brands and models - all at a time of lacklustre appetite for electric vehicles (EV).
A bid to dispel myths around electric vehicles (EVs) will offer data-driven insights to address common misconceptions that have impacted consumer confidence.
BMW celebrated a double third-place finish in Dealer Auction's Retail Margin Monitor in October
More than 5,000 professionals from 260 businesses across the sector have achieved Carbon Literacy certification via the Automotive Carbon Literacy Toolkit since its launch at COP26 in November 2021.
Online platform Auto Trader has posted strong revenue and profit growth within its core business in its latest financial first-half results for the six months ending 30 September.
Auto Trader will showcase Co-Driver, its new suite of AI-driven auto retail tools, as part of its stand at this year's AM Live.
The used car market in the UK is set to close 2024 on a high note, with strong demand and stabilising prices, according to Auto Trader’s Retail Price Index.
MG has secured its position as the most in-demand brand for new electric vehicle (EV) enquiries on Auto Trader this October, generating 21% of all inquiries.
Numerous car and van dealers gathered at the 2024 Auto Trader Retailer Awards, with winners including Group 1 Automotive, Draytons, JCT600 and Vindis.
Dealer Auction data has recorded an equal split on profit performance for the first time on record between premium and mainstream used cars.
Manufacturers are set to spend at least £2 billion on discounting electric vehicles (EV) this year in a desperate attempt to stimulate demand, according to the Society of Motor Manufacturers and Traders (SMMT).
Retailers are being urged to strategically use data to avoid unnecessary price corrections as the used car market is proving resilient, with electric vehicles leading in both demand and sales pace.
Autofinity has enhanced its retail management platform through integration with Auto Trader Connect, allowing users to access its used car pricing rating without switching between applications.
Consumer concerns over the affordability of electric vehicles (EVs) are hindering mass adoption, putting pressure on the government to provide more support for the market, according to new research by Auto Trader.
The Land Rover Discovery Sport continues to reign supreme in the used car market, marking its sixth straight month as the most profitable vehicle, according to Dealer Auction’s Retail Margin Monitor for August.
