Car sharing marketplace Turo claims to have launched the “Airbnb of cars” in the UK and claims it will help UK car owners earn more than £6,000 a year from their idle vehicles.
A choking of new vehicle supply to dealers’ showrooms triggered by the September introduction of WLTP will continue to drive a buoyant used car market into 2019, according to Cazana.
BCA has attributed a 1% slip in used car values during October to a shift in model mix amid increased volumes of ex-fleet and dealer part-exchange vehicles at auction during the month.
The Finance and Leasing Association’s (FLA) latest published figures showed that consumer car finance business volumes declined by 16% at the point of sale during September.
As major cities across the UK announce their plans for Clean Air Zones (CAZ) it is clear that there is no consistent picture for the motorist or clear impact for the industry.
Dacia has launched its Dacia Buy Online car sales platform with the claim that it has opened 150 million new retail outlets across the UK.
Car retailers still have a chance to join a rush of over 1,000 automotive retail sector representatives expected to attend Automotive Management Live 2018 at the NEC in Birmingham tomorrow (November 8).
The September 1 introduction of Worldwide Harmonised Light Vehicle Test Procedure (WLTP) has been blamed for a 20% slump in car dealership profits during the key ‘plate-change month.
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.
The Society of Motor Manufacturers and Traders (SMMT) has called for a Government re-think of its policies to encourage the sales of low-emission vehicles after hybrids bucked October’s new car registrations decline.
A race for vehicle refurbishing services could be sparked by used car stock shortages which are leading car dealers to downgrade the condition of stock they are buying to fill their forecourts, according to the Vehicle Remarketing Association.
Carwow has partnered with the Financial Times to champion women in the automotive industry with its first ‘Navigating a Male Dominated Industry’ seminar.
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".
The Society of Motor Manufacturers and Traders (SMMT) has urged the Chancellor of the Exchequer to “stimulate the market” with his 2018 budget following September’s 16.8% decline in car production.
PSA Group overtook the Volkswagen Group as Europe’s best-selling car brand as the effects of WLTP’s implementation resulted in the region’s biggest monthly registrations decline in a decade during September.
Hyundai Motor UK chief executive Tony Whitehorn has warned that the automotive sector must adopt a blended and flexible approach to adapt to the changing retail environment.
Used car values fell by 5.4% at auction during September according to the National Association of Motor Auctions.
BDO’s eighth motor salary survey has revealed that the average car retail employee’s annual remuneration package has increased from £40,000 to £41,000 in 2018.
Car retailers have been warned not to breach the Financial Conduct Authority’s new Insurance Distribution Directive, which demands increased staff training in a bid to enhance consumer protection.
