Car dealers turning to the used vehicle market amid falling new car sales have sparked at 9.4% increase in prices at auction, according to data published by Cox Automotive.
UK car dealers cannot rely on manufacturer support indefinitely after Vauxhall took the decision to terminate all its retail network contracts, according to restructuring advisory practice Duff & Phelps.
Cox Automotive has announced the promotion of Kieran TeeBoon to the post of managing director at Dealer Auction.
Part-exchange vehicles posted strong performance at auction during March to deliver a boost to car dealers at the end of Q1, according to new figures from Cox Automotive.
With less than a week to go until the 2018 DigiTech conference on April 17, AM reflects on social media testimonies from last year’s jam packed conference.
Manheim will continue to remarket vehicles for Santander Consumer Finance for the next three years.
Manheim has appointed former Jaguar Land Rover director Peter Bell to lead the remarketing business through its “next phase of growth and development” as its new managing director.
Cox Automotive has said that sales of used diesel vehicles have continued to contrast those of new diesel cars, despite a year-on-year price rise less than a third of those attracted by petrol counterparts.
Cox Automotive is set to host a series of webinars and Santander Consumer Finance will take to the road with its GDPR Inform & Explain Roadshows as car dealers are offered more ways to get up-to-speed with the new data regulations.
Manheim Online had a record-breaking start to the year with an 11% growth in volume over its previous record.
A team of 10 women from Cox Automotive will climb Mount Kilimanjaro as part of the company’s Women With Drive programme.
Cox Automotive has announced a number of changes to its executive leadership team, including Martin Forbes as CEO.
Cox Automotive has enjoyed a year of growth, driven by demand for its online businesses.
The Ford Fiesta remains the UK's favourite used car for both the wholesale and consumer automotive market, followed by the Ford Focus and Vauxhall Corsa.
Dealers are being urged to recognise aftersales and servicing as a way to combat the decline in the new car market, by Incadea UK managing director Paul Humphreys.
Cox Automotive reported a strong end to 2017 as average used car prices rose across its Manheim auctions, Dealer Auction, NextGear Capital and Motors.co.uk businesses.
Cox Automotive has appointed Liam Quegan as managing director of NextGear Capital as the business looks to realise the next stage of its growth plan.
Cox Automotive has reported "great stability" in the used car sector during the last quarter of 2017, suggesting that car supermarkets will help to drive things forwards into 2018.
NextGear Capital has marked the milestone of 200,000 vehicles funded since it launched in 2014, hailing the stock funding business’s growth as “outstanding”.
Vauxhall retailer Thurlow Nunn will implement Cox Automotive’s incadea system in a bid to bring together DMS, sales management and service functions together across its 14 locations.
