The average advertised price of used cars hit a new high for the year in November, according to the latest Market View from eBay Motors Group.
As certain used cars were hit by “significant price decreases” in November Cox Automotive has asserted that prices will never dip back to pre-pandemic levels.
In-market car buyers are increasingly likely to choose dealers because they are local, according to Judgservice.
November's 115,706-unit new car market brought an end to four months of consecutive decline in new car sales, by recording a 1.7% uplift over November 2020 when stronger coronavirus restrictions were in place.
MPVs continued to star in Auto Trader’s top ten ranking of the used car market’s most appreciating vehicles, with the Seat Alhambra emerging as number one in November.
Car manufacturers exploring the agency model franchised car retail agreements “want to put the dealer last”, Suzuki GB boss Dale Wyatt has told his dealers.
Cazoo has vowed to grow its car inventory in Europe after officially launching its online car retail offering in France and Germany today.
Lamborghini in the UK is on course to bounce back from the COVID-related drop in sales and is eyeing the next step in its electric vehicle (EV) strategy.
Pendragon has increased its profit expectations for 2021 by a further 14.3% after continued car buyer demand powered it to another profit upgrade.
Automotive executive from across the globe have predicted “profitable growth” in the next five years, despite ongoing vehicle supply and staffing worries.
A stabilising of values in the used van market in recent months may highlight “what’s to come” for the used car sector, according to remarketing giant BCA.
Stellantis brands outsold those of the Volkswagen Group for the first time as Europe suffered a 30% decline in new car registrations during October, Jato Dynamics has revealed.
Constellation Automotive’s £201.6 million offer for a 64.4% controlling stake in Marshall Motor Group has been described as a “done deal” after an ‘undertaking to accept’ was published via the London Stock Exchange.
Carzam has raised £112 million to in a development that the online car retail business believes will propel it into its “next chapter”.
Greenhous Group has continued its growth in commercial vehicles with the acquisition of Heatons Truck Group.
Sales of used electric vehicles (EV) have accelerated past their petrol counterparts and are now leaving forecourts faster, according to new data from Auto Trader.
Caffyns has revealed turnover up by 29.8% and a 62.3% rise in profit before tax in published results for the first half of its financial year.
The UK’s car manufacturing output slumped 41.4% year-on-year in October as an “extremely worrying” continuation of the semiconductor shortages continued to play out.
Thatcham Research and Euro NCAP have said they are ‘encouraged’ by the results of their latest Assisted Driving Gradings.
Car retail’s staffing crisis, a celebration of inspiring automotive women and in-depth insight into the soaring used car market all feature in a packed December edition of Automotive Management (AM) magazine.
