An absence of consumer incentives could mean the EV market could be lacklustre next year with the SMMT revising down growth to a market share of 22.3%.
Used car marketplace Motorway is changing the hours of its daily live sale to enable dealers to start placing bids from 7pm the night before, until 3:30pm the following day.
Motorway has appointed former eBay and Trainline communications specialist Victoria Biggs to the newly-created role of chief communications officer.
Motorway has set its sights on “further massive opportunity” in the automotive retail sector after achieving ‘unicorn’ status with a $1 billion (£750m) valuation.
A television advert for the Motorway car buying service has been banned by the Advertising Standards Authority (ASA) after allegation that it “encouraged driving behaviour that was dangerous”.
The Motorway used car stocking portal has raised an additional £48 million in a funding round led by Deliveroo, Etsy and Dropbox backer Index Ventures.
The Volkswagen Golf was the most popular used car to be sold via the Motorway.co.uk platform during the coronavirus pandemic.
Motorway is offering car retailers 50% off broker fees on the first two purchases made through the Motorway Pro platform during October.
Premium used cars have been hailed as “pandemic proof” by online vehicle stocking source Motorway after the value of Land Rovers, Lexus and Maseratis rose by over 8% year-on-year.
Over 2.6 million vehicles were MOT tested in June as motorists continued to ensure their vehicles were roadworthy, despite the Government’s six-month testing holiday.
One-in-ten car buyers plan to head online to purchase their next vehicle according to BuyaCar research indicating that specialist online traders are set to gain increased market traction.
MOT centres carried out over two million tests during COVID-19 coronavirus lockdown period as many motorists chose not to take advantage of the Government’s six-month exemption.
Motorway has re-started its daily online auctions alongside free trials of a “contactless” car transportation service as car retailers look towards stocking their dealerships ahead of an easing of COVID-19 lockdown restrictions.
Exeter has seen the highest level of growth in ultra-low emission vehicle registrations in the last 12 months, according to DVLA registration data analysed by Motorway.co.uk.
Car buyers browsing the heycar classified advertising portal will be able to sell their car completely online as a result of the website’s new partnership with fellow automotive sector start-up Motorway.
Used diesel values have dropped by more than 10% since 2017, as demand shifts towards petrol models.
Over a million vehicles have failed MOT tests since the introduction of new test criteria by the DVSA in May, 2018.
Instant car buying websites are “quoting unrealistically high car valuations online to attract customers” and chipping the price, according to Motorway.co.uk research.
The average price of a used petrol car rose by almost 10% during 2017, but the average price of a used diesel car fell 5%, says Motorway.co.uk.
Cap HPI has responded to reports that diesel car values had seen residual value drops of as much as 26% since the start of the year - claiming that the figure amounted to "harmful scarmongering".
