Online motor retail is dividing into a market of simple and complex transactions in an emerging trend heightened by the COVID-19 pandemic, says iVendi.
iVendi has signed a deal to provide motor finance technology for new and used car platform YesAuto.
The UK Government’s COVID-19 ‘Lockdown 2’ took a £1.3 billion toll on car sales during November as registrations declined 27.4%, according to the Society of Motor Manufacturers and Traders (SMMT).
Carzam has officially launched its new online car retail platform with a promise to differentiate itself from rivals through the provision of “the absolute best used car stock”.
Cazoo has added to its high-profile sponsorship deals with Everton, Aston Villa and the Rugby League World Cup 2021 with an agreement to be lead sponsor of cricket’s The Hundred Tournament.
Used car sales website Carzam is preparing to launch in early December, following lockdown related setbacks affecting its planned October debut.
Peugeot has increased its deposit contributions by £950 as part of an “Exclusively for You” offer giving motorists up to £8,100 off until the end of 2020.
Cazoo is hoping to score a marketing victory with exposure to 14 million UK sports fans after signing a ‘seven figure’ Rugby League World Cup 2021 sponsorship deal.
Heycar has vowed to foot the bill for vehicle deliveries to customers until the end of 2020 as part of a bid to support car dealers’ online retail efforts during the ongoing COVID-19 crisis.
Cazoo is set to celebrate the sale of its 10,000th used car just a fortnight before completing its first year of online sales.
BCA has announced plans to develop a new 65-acre remarketing ‘mega centre’ in Bristol, with the capacity to handle over 120,000 vehicles each year.
Increasingly stringent COVID-19 mitigation measures across the UK have failed to deter car buyers from their purchasing journey, with 95% still ‘in-market’ according to new research by Parkers.
As part of AM's regular '10 minutes with...' automotive retail supplier interview series, Tom Seymour, discussed 2020's rapid shift towards online car retail and what the future might hold with Silver Bullet managing director, Cameron Wade.
BCA has been met with a backlash from car dealers following its decision to relaunch its cinch marketing platform as an online car retailer perceived to be in direct competition with its traditional remarketing customers.
Renault UK has officially launched its online car sale platform in response to consumers’ COVID-19 lockdown-prompted shift towards online vehicle purchasing.
Two thirds of car dealers have introduced a delivery service or increased publicity of an existing service in a bid to maintain sales during the coronavirus pandemic.
Aston Barclay has confirmed it will never sell used cars to consumers in competition with its dealer customers, following the launch of rival firm BCA’s new cinch offering.
Demand for used cars has risen 15% year-on-year as franchised retailers experience a decline in sales of new cars, according to AA Cars data.
BCA has been accused of “opening Pandora’s Box” by shifting its cinch online marketing platform to compete directly with its car retail customers in the online sales sector.
The NFDA is awaiting confirmation from the Welsh Government as to whether the country’s car retailers will be able to provide ‘click and collect’ car sales when Wales return to a state of COVID-19 lockdown.
