Cox Automotive’s Dealer Auction online used car stocking platform has celebrated increased traction from independent retailers looking to “curate their forecourts” through vehicle disposals.
Constellation Automotive claims to have reached “unmatched scale” in automotive retail after expanding its car retail operations into Europe with the acquisition CarNext.
The new van market has found itself in the unprecedented situation where something as ubiquitous as a Ford Transit isn’t available until after March 2022.
Aston Barclay has said the seasonality of the March and September-centric car retail market has been side-lined as supply shortages triggered 40% price rises in just nine months.
Autorola has reported a third consecutive quarterly rise in online used diesel prices as new car sales continue to fall.
Trade buyers will be allowed back on site at Manheim Auction Services' sites in Bristol, Manchester and Washington to help dealers source stock for their used car forecourts.
Dealers using stock funding facilities with V12 Vehicle Finance can now buy quicker and easier from epyx's 1link Trade Buyer platform thanks to a tie-up between the two companies.
Competition for used car stock continued to grow as used car retail values rose 21.4% in September to reach a new record high after 18 consecutive months of appreciation.
Aston Barclay achieved its strongest ever conversion rates in September, along with record prices.
Former Keyloop and CDK managing director Stuart Miles has joined Cox Automotive as managing director of its Retail Solutions business.
Aston Barclay has enhanced its digital platform to enable finance houses to repatriate used cars back into franchised dealer networks.
A range of eight remarketing modules for motor finance, vehicle leasing, and major fleets has been launched by Epyx.
Cashflow is quickly becoming king as larger car dealers and used car supermarkets pay well above market valuations to secure used car stock, according to Shoreham Vehicle Auctions (SVA) managing director Alex Wright.
Used car sales have recovered by 2.8% from September 6, while new retail adverts have surged by 27.8%, according to the latest Cazana data.
Cox Automotive has warned that car dealers across the UK will have to compromise on their usual stock demands in order to fill their forecourts in a sector now “starved of stock”.
Batchelors Motor Group has signed an exclusive remarketing partnership with BCA, offering up to 1,000 vehicles from BCA Leeds over the duration of the 12-month deal.
Wessex Garages has launched a multimedia campaign worth £100k to raise awareness of its new and used electric vehicle (EV) range.
Aston Barclay has appointed Nick Franklin to its sales team as head of business development.
G3 Vehicle Auctions have appointed a new board of directors, alongside a group general manager, to oversee its next phase of growth plans.
Used van values continue to climb, with average prices passing the £10,000 mark for the first time in July, according to the latest data from BCA.
