The Vehicle Remarketing Association (VRA) is set to debate the potential impact of a “second wave” of the COVID-19 coronavirus and efforts to find an inoculation at its annual general meeting (AGM).
Classic car dealers have been given a new online route to acquiring stock with the launch of the new trade-to-trade remarketing platform, Classic Trade.
Motorway has celebrated its delivery of record volumes of used car stock to the UK’s motor retailers post-lockdown – with £1.39m of sales completed in a single day last week.
COVID-19 has rendered physical car auctions a no-go zone for 23% of car retailers in the short- to medium-term, Cox Automotive’ s latest dealer sentiment survey has revealed.
Four of the UK remarketing sector's industry bodies have come together to deliver unified guidance on how to comply with safety guidance as the COVID-19 crisis eases and automotive retail businesses begin to re-open.
BCA has claimed that used car values have “steadily risen” during the COVID-19 lockdown period which prevented the majority of UK car retailers for trading.
CD Auction is re-starting sales across its operations with immediate effect, amid relaxed lockdown measures introduced by the Government earlier this week.
Members of the BCA human resources (HR) team have set themselves the challenge of covering 1,948 miles to raise funds for the NHS during the COVID-19 crisis.
Cox Automotive has re-started Manheim's car auction operations via its online sales platform following “weeks of careful planning and implementation of the necessary safety measures”.
Cox Automotive has predicted a stop/start recovery from the COVID-19 coronavirus outbreak for the automotive retail sector – revising its new car sales forecast to detail a 29% decline in 2020.
The UK’s used car and van markets will bounce back once the Government’s COVID-19 coronavirus lockdown restrictions are eased, according to Shoreham Vehicle Auctions’ (SVA) Alex Wright.
The UK’s used van market will recover faster than its car equivalent following the COVID-19 coronavirus lockdown as businesses turn to commercial vehicles to re-start their operations, Aston Barclay has predicted.
The high-demand for sub-£10,000 used cars seen in Q1 is expected to continue when the COVID-19 coronavirus lockdown is lifted, according to Aston Barclay.
Used car values declined 2.2% in March as retail and trade demand fell due to the Covid-19 coronavirus crisis, according to Cap HPI.
BCA’s UK-wide car auction sales will go online only from March 26 as the remarketing specialist “prioritises the well-being of customers and our people” amid the COVID-19 coronavirus outbreak.
BCA has revealed that the average value of a used vehicle rose 1.6% to a record £10,002 at its auctions in February as it praised the sector's resilience in the current COVID-19 coronavirus health crisis.
The volume of cars passing through UK remarketing centres looks set to stabilise during March following a “few months of strong growth”, according to NAMA.
Aston Barclay’s auctions centres in Prees Heath and Wakefield have enjoyed a record start to 2020 as demand for record used car volumes continues.
Coronavirus has been acknowledged among a series of “significant challenges” facing the automotive retail sector in the middle to long-term in Cox Automotive’s monthly Market Tracker report.
BCA is offering the next generation of used car remarketing talent a grounding in the sector through its in-house Graduate Development Programme.
