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.
Nextgear Capital has said that a used car stock funding is poised for further growth as dealers look to “boost their buying power” amid rising values and a rush for stock.
Cox Automotive will deliver insight into how car retailers can deliver on customers’ expectations of a ‘connected retail’ experience at Automotive Management Live 2018.
Manheim has forecasted a buoyant end to 2018 for the used car market following an uplift in buyer activity during September - describing demand for the right stock as "supercharged".
eBay has announced its intention to by Motors.co.uk from Cox Automotive and join the platform with its Gumtree online classified site to strengthen its online car sales offering.
Cox Automotive and Grant Thornton have delivered analysis of diesel car sales, vehicle ownership trends and continued retailer consolidation ahead of Brexit after teaming-up to produce an automotive sector Insight Report.
NextGear Capital has announced the appointment of Amrit Singh to the role of finance director.
Manhiem has appointed Mazda UK’s used car and remarketing manager Tamara Brown to its sales leadership team.
Cox Automotive has appointed Glenn Fishwick as its new chief information officer, to lead the company's focus on connected technology.
Motors.co.uk claims that a Google algorithm update has helped to propel its organic online traffic to a 30% surge in growth during August - claiming one of the best results by any UK-based website.
Cox Automotive has reported signs of a positive upturn in the used car market after a 7% rise in prices at its Manheim auction centres during July.
Cox Automotive and Auto Trader have launched a joint venture to drive growth of the Dealer Auction automotive wholesale marketplace – promising car retailers a greater choice of vehicle stock.
Manheim has signed a three-year partnership extension with Leasys UK, allowing collaboration on a national sales programme until at least 2021.
A third of car dealers remain unaware of the date that the new WLTP fuel emissions test comes into force, according to a survey conducted by Manheim.
The used car market will shrink by 3.7% to 7.86 million sales during 2018, according to a forecast published by Cox Automotive.
Almost two in five dealers have highlighted stock acquisition as the number one commercial challenge in their used car business.
Manheim auctions will see 6,000 additional commercial vehicles pass through its auction lanes after signing a solus remarketing deal with Arval.
Used car values rose 3% at Manheim auction houses and 11% on the Dealer Trade online trading platform but dipped 10% on the consumer-facing Motors.co.uk website during June, Cox Automotive has revealed.
