Martin Forbes, chief executive, Cox Automotive UK, on its latest joint venture with Auto Trader and the changes coming to physical auction
Wholesale used car prices rose by 0.5% month-on-month in February as car retailers continued to express their concerns about margin compression, Cox Automotive reported.
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eBay has completed the acquisition of Cox Automotive’s Motors.co.uk online used car classified business following approval from the Competition and Markets Authority (CMA) earlier this week.
Cox Automotive has reported that volumes of nearly-new diesel vehicles declined in January as the used car sector showed stability by “following its normal seasonal pattern”.
Modix has announced it has signed a new partnership with Toyota GB which will see its AdBox marketing solution rolled out across the Japanese brand’s dealer network.
Cox Automotive has issued a final call for nominations for the UK’s inaugural Barbara Cox Woman of the Year Award, closing on January 31.
Manheim research has revealed that the Vehicle Excise Duty (VED) supplement on vehicles costing over £40,000 has caught customers unawares.
Additional used car stock is part of the 2019 business plan of 52% of car retailers during 2019 – as 65% target growth in the sector.
Auto Trader and Cox Automotive UK have completed the joint venture process to bring together their used car stocking platforms under a re-launched Dealer Auction business.
New research from Motors.co.uk has highlighted the importance of dealers using multiple car search websites.
Used car buyers searched for more Ford Fiesta and Focus models than any other car on Motors.co.uk this year.
Demand for used car stock remained high during November with “manufacturers still struggling to get vehicles onto dealer forecourts” four months after the disruptive introduction of WLTP emissions test legislation.
Manheim passed a landmark £2 million worth of sales mark with Thurlow Nunn just six months since launching a partnership with the AM100 group.
Manheim has promoted Matthew Davock as director of commercial vehicles from his previous role as head of LCV.
A survey conducted by NextGear Capital and Cox Automotive has revealed that more than half of used car retailers use a stock funding facility to fill their forcecourts.
Car retailers are preparing to accelerate their investment in used car sales for as the sector shows “no signs of slowing in Q3”, according to a survey carried out by Manheim.
Cox Automotive has reported 6.3% increase in used car volumes coming through Manheim auction sites during October as retailers battled for stock amid new vehicle supply shortages.
High footfall, high calibre speakers and high-profile guests were highlighted on social media as Automotive Management Live 2018 was hailed a 'brilliant' success by car dealers and suppliers alike.
