NAMA has seen a 20% drop in volumes of vehicles under two years old in October, showing dealers are effectively managing near-new stock.
Aston Barclay head office staff recently dressed up as superheroes to raise money for Children in Need.
BCA’s acquisition of SMA faces an in-depth merger inquiry unless it offers a solution to competition concerns in car auctions in Newcastle.
The average selling price for part-exchanged cars sold by Manheim in October increased by 5.2% (£177) year-on-year.
Paragon Automotive has appointed Jamie Scott as its head of new business and strategy for remarketing.
Dealer Auction, the UK trade only online vehicle auction, has introduced video functionality for dealers to use with part-exchange stock listings.
Listers has extended its agreement with Manheim as its solus remarketing provider.
Marshall Motor Holdings has renewed its exclusive remarketing deal with Manheim.
Average used values dropped by 2.2% with an expected seasonal slide, according to the latest figures from CAP.
The majority of 17-24 year old used car buyers cite price as the strongest influence on their vehicle search, the highest percentage in five years.
The growing use of pre-registrations has yet to feed any significant impact into auction values or volumes, according to the NAMA.
Carfinance247 has launched a new service on its website that puts customers that have applied for finance in touch with dealers that can sell them a vehicle.
Fewer LCVs coming to market did not equate to higher prices or even higher conversion levels in August, according to the latest NAMA analysis.
Paragon is injecting £4.7 million into the business over the next 12 months to build its capacity and support its growth plans.
Average sale prices decreased by 3.5% from £5,588 to £5,391 month-on-month, according to the latest report from the National Association of Motor Auctions.
Manheim is planning to relocate its commercial vehicle specialist operation from Leeds to its 10-acre Shepshed auction site.
Average light commercial vehicle (LCV) values increased by 1.8% to £5,607 in September month-on-month, reversing a two month decline.
Stock funding provider Next Gear Capital has said dealers’ used car buyers are becoming increasingly “discerning” stock condition.
Recently launched trading platform Cartotrade.com has pledged to keep its monthly subscription costs at the same price for the entire life of memberships.
Aston Barclay has signed a two year deal to provide vehicle inspection and remarketing services to Venson Fleet.
