The RAA has extended its contract with Cox Automotive for a further two years, while welcoming three new members to its network.
Cox Automotive has indicated that the used car market remains “strong” against the backdrop of falling new car registrations.
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.
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.
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 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.
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.
Manheim’s average used car price rose by 16% in September as Cox Automotive’s wholesale and retail businesses ride a wave of “higher quality and of lower mileage” stock.
The first four actions at Bruntingthorpe, held during its opening week (September 25-29), saw a "record number of sales" and attracted more than 1,400 visitors.
Manheim will open its 'UK first' double-blocking auction centre Monday September 25 at its Bruntingthorpe site, following a multi-million-pound investment.
Martin Forbes, MD at Cox Automotive, Retail, Media & Data Solutions on increasing his brands’ awareness and the new markets on his radar
Perrys has renewed its exclusive remarketing relationship with Manheim for its part-exchange vehicles.
A shift in the selling price of used cars helped average used values to rise 5.2% in June within Cox Automotive’s wholesale and retail businesses.
Manheim has held what it believes to be the first vehicle auction at sea – an off-site sale for Citroën on No Man’s Fort in the Solent.
Manheim will launch its first double-block vehicle auction in September.
Cox Automotive’s wholesale and retail brands saw a year-on-year increase in sold volumes in May, with selling prices up across the board.
Manheim has sold a 1988 Ford Transit Mark 3 ‘spy van’ for what is believed to be a world record price.
