Used car retailers increased their stock turn by 11.8% month-on-month as demand for vehicles continued to drive up values at auction houses across the UK, according to Cox Automotive and eBay Motors Group.
Aston Barclay has launched a new dedicated LCV sale at its Donington Park site, as part of its expanding focus on commercial vehicles.
Sales of ex fleet and lease vehicles through the Epyx 1Link platform have increased beyond pre-lockdown levels as the vehicle remarketing sector reaches a sustainable cycle.
Shoreham Vehicle Auctions (SVA) has welcomed physical buyers back to socially-distanced auction halls after preparing its locations to limit COVID-19 transmission.
CD Auction Group has made two senior appointments to support its growth plans with James Dower joining as account director and Andy Pearce as operations director.
G3 Vehicle Auctions has revealed plans for a new 14-acre ‘vehicle marketplace’, located off junction 32 of the M62 in Yorkshire, as part of its expansion.
BCA has introduced a digital click and collect service for auction purchases, to meet the changing needs of customers in the post-Coronavirus market.
Marshall Motor Group has agreed a new, three-year deal with vehicle remarketing provider, Manheim.
Cox Automotive’s monthly Dealer Sentiment Survey has found that more than a third (37%) of UK car dealers are stocking older vehicles in the wake of COVID-19 lockdown.
Vantage Motor Group has further strengthened its part-exchange used car remarketing relationship with Aston Barclay.
Motorway is providing free vehicle collection worth up to £500 for new dealers, to celebrate hitting the milestone of £1.6m in daily sales.
Rockingham Group is investing an additional £12 million in its de-fleet facility at its Automotive Logistics Hub.
Cox Automotive has reported signs of pent-up demand in the used car market after its auctions went wholly online due to the COVID-19 pandemic.
CD Auctions has welcomed former Citroen UK managing director Karl Howkins as its new MD as part of a bid to accelerate its “plans and ambitions for the future”.
Soaring demand for vans after COVID-19 triggered a home delivery shopping culture across the UK triggered a 20.8% rise in used values during Q2, according to Aston Barclay.
Retail ready used car stock is in “high demand” among car retailers seeking ways to speed-up their business’ COVID-19 recovery by taking advantage of a post-lockdown surge in demand.
Aston Barclay has said that a surge in demand for used cars stock has seen value rise to its records highest ever level for a Q2 period – with older cars and diesel vehicles leading the way.
Members of the BCA human resources (HR) team have raised more than £3,500 for the NHS, after undertaking a sponsored walk, run and cycle during COVID-19 lockdown.
The used car market could be on course for a similar “market correction” to that seen in May last year after car dealers and remarketing companies flew out of the blocks post-lockdown.
V12 Vehicle Finance has secured a partnership with City Auction Group in a bid to provide car dealers with a seamless used vehicle stocking proposition.
