Cox Automotive has reported that volumes of nearly-new diesel vehicles declined in January as the used car sector showed stability by “following its normal seasonal pattern”.
The Sytner Group's Car Supermarket Division has extended its remarketing partnership with Manheim for a further two years, including the launch of a new sales programme in Leeds.
Manheim research has revealed that the Vehicle Excise Duty (VED) supplement on vehicles costing over £40,000 has caught customers unawares.
Demand for used car stock remained high during November with “manufacturers still struggling to get vehicles onto dealer forecourts” four months after the disruptive introduction of WLTP emissions test legislation.
Manheim passed a landmark £2 million worth of sales mark with Thurlow Nunn just six months since launching a partnership with the AM100 group.
Increasing numbers of used car dealers are turning to the classifieds and lower grade stock as demand continues to outstrip supply, according to Manheim.
Manheim has promoted Matthew Davock as director of commercial vehicles from his previous role as head of LCV.
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.
Manheim has won a new contract with ALD Automotive to support its digital sales channels.
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".
The Vehicle Remarking Association will ask whether 2019 will be “the year of the used van” when it hosts members at Manheim’s Bruntingthorpe auction site next week.
At least one in 10 dealers are still unaware of the Worldwide Harmonised Light Vehicle Test Procedure (WLTP), despite the implementation deadline on September 1.
Manhiem has appointed Mazda UK’s used car and remarketing manager Tamara Brown to its sales leadership team.
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.
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.
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.
