Cox Automotive UK has completed the acquisition of vehicle services provider and Bruntingthorpe operator C Walton Ltd, expanding its whole-life vehicle services offering with its biggest UK acquisition to date.
The post-Brexit economic outlook, developments in vehicle autonomy and the impact of the 2035 EV announcement will all be key subjects in the next VRA meeting.
Car dealers’ part-exchange vehicles reached record values at BCA’s auctions during January as the sector continues to compete for a wide range of vehicle stock to fill their forecourts.
The remarketing industry will be forced to adapt to support the growth of mobility services, says the Vehicle Remarketing Association (VRA).
The Vehicle Remarketing Association (VRA) has warned of a potential “charging crisis” for remarketing companies as electric vehicles (EV) start to enter the used market in greater volumes.
Cargiant has renewed its exclusive remarketing contract with Aston Barclay to continue a relationship which has delivered £87 million of used car sales in the past five years.
Supplies of EVs and used cars, consumer demand and efficiency issues will all impact car dealers in 2020, with 54% anticipating increased pressure on profit margins according to a Cox Automotive sentiment survey.
CD Auction Group has launched its used car stocking app as it looks to back-up predictions that the number of vehicles sold off-site will soar to 50% in 2020 following.
Aston Barclay has reported an 8.5% rise in the value of used cars in 2019 as every single market segment delivered a price increase.
Mercedes-Benz UK has appointed Mercedes-Benz Financial Services’ customer operations director Sally Dennis as its new used cars and remarketing director.
Used car dealers’ efforts to “buy up as much stock as physically possible” saw January buck an eight-year trend of declining January values with a 0.6% increase, Cap HPI data has indicated.
CD Auction Group expects its off-site remarketing services will handle half of all the vehicles it sells in 2020, reducing the need for vehicle movements.
The National Association of Motor Auctions’ (NAMA) monthly market attitude survey has indicated that many remarketing specialists anticipate a rise in the value of used hybrid vehicles during January.
BCA sold more used cars through its auctions in a single January week than at any other time in its history as it got off to a strong start in 2020.
The average value of a used car offered for sale at BCA’s auctions declined by 1.2% during December, but maintained the month’s fourth highest value on record.
Dealer Auction, the new trade-to-trade sales joint venture of Auto Trader and Cox Automotive, has just launched with an ambition to help dealers secure relevant stock as effortlessly as possible.
PSA Group and its in-house leasing firm Free2Move Lease has expanded its remarketing deal with Mhaeim to 30,000 vehicles.
Shoreham Vehicle Auctions (SVA) has raised more than £150,000 for Chestnut Tree House Children’s Hospice with the support of the south coast motor trade.
Digital used vehicle buying increases at Aston Barclay in the third quarter of 2019.
Manheim has launched a new suite of valuation and appraisal products to support dealers with the part-exchange process.
