The used car market will shrink by 3.7% to 7.86 million sales during 2018, according to a forecast published by Cox Automotive.
Fresh Motors founder Jacob Freshwater has said that creating the right environment for used car sales was central to his Rising Star award win at the recent Auto Trader Retail Awards.
Almost two in five dealers have highlighted stock acquisition as the number one commercial challenge in their used car business.
Luscombe Motors Car Shop won Retailer of the Year accolades as Auto Trader rewarded the efforts of the UK’s best car dealers at its 11th annual Retailer Awards.
Seven vehicles were stolen along with the keys and log books for a further 50 vehicles in a raid on the Motorcity independent used car dealership in Walsall.
Motordepot has announced its plan to make Sheffield the site of its ninth used car supermarket as part of its recent expansion drive which has added three new locations within the past 12 months.
The Motor Depot used car supermarket group has reported a 32% rise in turnover and a 31.5% increase in pre-tax profit in its annual results to August 31,2017.
Women looking to forge a career in the automotive sector face many of the same challenges they faced 30 years ago, delegates at Automechanika Birmingham were told.
JD Classics has appointed former Lotus chief executive Jean-Marc Gales as its new chief executive, stating that he is “excited” to be joining its team of “very talented technicians and craftsmen”.
Imperial Cars has set ambitious target of reaching 20 used car retail sites by the end of 2019 after growing from six to 11 sites in three years as it takes advantage of property movements in the franchise dealer networks.
A High Court hearing has found that classic car dealer JD Classics did act as an agent for a collector who claims to have “suffered catastrophic losses” during the trading of 41 vehicles.
Independent retailers offering PCP funding on used cars have an opportunity to grow their sales during 2018 but may be challenged by new contract hire companies, according to Adesa Remarketing.
Independent car retailer Cartime is already celebrating a bumper 2017/18 ahead of an anticipated end-of-year turnover of £34 million – 20.5% up on its previous reporting period.
Trade Centre Wales will develop Europe’s largest used car showroom in Coventry as part of growth plans outside its home territory of Wales.
Work has been completed on the Vroom Car Retail Park expansion, with the Newcastle-based car supermarket now capable of housing a further 250 vehicles.
The impact of motorists’ shift from diesel to petrol-powered vehicles could create a “culture shock” for used car retailers in two years’ time, the VRA has claimed.
Independently-owned MG retailer Blights Motors has set itself up to attract EV drivers to its forecourt with the installation of a rapid DC charge station from InstaVolt.
Big Cars used car supermarket founder Adam Stott has blamed major changes to the business’ stock and finance provision for creating the “unsustainable trading conditions” that forced its closure.
The Independent Garage Association (IGA) is warning businesses to be aware of a new advertising scam.
McGurk Performance Cars has opened the doors to a new 8,000 square-foot showroom as part of a “significant investment” to help accommodate the independent Aston Martin Specialist’s growing sales.
