Used car stocks continued to drop and days to sell increased in April, according to the latest Market View analysis from eBay Motors Group.
Carwow’s online car buying and selling marketplace has seen an increase of almost 150% in the number of used cars bought by dealers, in March.
Carwow has launched a new website that allows dealers to find and purchase used cars from consumers, via its Sell Your Car service.
Almost half of respondents to a recent survey by NAMA said they expect volumes of vehicles coming into auction to increase over the next month.
Used car dealers have transitioned to a multi-channel strategy for stock acquisition following the coronavirus pandemic, according to Nextgear Capital.
CD Auction Group will launch its new Vehicle Tradex dealer-to-dealer used car trade platform in January.
Indicata has advised used car retailers to reprice and sell overage used car stock “immediately” as part of efforts to get on the front foot ahead of an anticipated easing of COVID-19 trading restrictions in the New Year.
More onus could be put on dealers to ensure any used cars are up to date with recall requirements in the future, according to the Vehicle Remarketing Association.
Auto Trader is offering car dealers the chance to advertise their entire stock of brand-new unregistered cars online for free until early 2019 as part of its launch a new service.
Diesel was the fastest-selling fuel type during April as the Mitsubishi Outlander topped Auto Trader’s monthly list of successful sellers during April.
