Competition for used car stock continued to grow as used car retail values rose 21.4% in September to reach a new record high after 18 consecutive months of appreciation.
Vertu Motors has agreed a two year solus contract with vehicle logistics platform Movex to manage its collection and deliveries and inter-dealership movements.
Former Keyloop and CDK managing director Stuart Miles has joined Cox Automotive as managing director of its Retail Solutions business.
Cox Automotive is warning that LCV supply will be the lowest the wholesale market has seen for more than a decade, following record-breaking demand for used vehicles at auction in August.
Cox Automotive has warned that car dealers across the UK will have to compromise on their usual stock demands in order to fill their forecourts in a sector now “starved of stock”.
Cox Automotive has acquired Spiers New Technologies, a provider for electric vehicle battery life cycle management, for an undisclosed sum.
Manheim has secured a contract with Peter Vardy for the Scotland-based dealer group to remarket at least 4,000 unwanted vehicles annually through its auctions.
A study by Grant Thornton and Cox Automotive reveals the impact of coronavirus countermeasures on vehicle manufacturers and their abilities to mitigate the effect.
The average selling price of a used van has remained above £10,000 for the second consecutive month, at Manheim auctions.
Cox Automotive has warned car retailers to brace themselves for a tough September and Q4 as the new EU trade agreement, a logistics “wages war” and evolving consumer habits present further uncertainty.
Cox Automotive has warned that ‘more needs to be done’ to encourage consumers to adopt electric vehicles (EVs) ahead of the 2030 ban.
Cox Automotive has downgraded its used car sales forecast for 2021 as the lasting impact of COVID-19 and the global semiconductor shortage look set to result in a “market starved of supply" in Q3.
Cox Automotive has downgraded its 2021 new car registrations forecast by 2.48% amid expectations that vehicle supply issues will leave Q3 deliveries down 17.7% on the 10-year average.
Tributes have been paid to Cox Automotive commercial vehicle customer insight director James Davis after he died at the weekend.
Semiconductor shortages, the transition to electric vehicles (EV) and “the true impact of Brexit” are among new car retail disruptions that are set to fuel a strong used car market in to 2022, says Cox Automotive.
Cox Automotive International president Martin Forbes said the business has signalled its intent to “significantly extend our mobility capabilities in Europe” with the acquisition of FleetMaster.
Car retailers will be locked into a strategy of “retaining profit margins at all cost” as vehicle supply issues continue into 2022, according to Cox Automotive.
Used vans prices are expected to start rising and not stop until some time in 2022, according to Cox Automotive.
Cox Automotive Europe has created a new sales director role as part of a move to strengthen its senior leadership team working with customers.
Cox Automotive Europe chief executive Pete Bell covered 100 miles on his bike as he lapped Bruntingthorpe Proving Ground as part of a ‘100 for £100’ charity challenge.
