Car supermarkets demonstrated their retailing efficiencies in September, achieving rapid sales despite reduced inventories, according to the latest Motors’ Market View report.
A dealership’s track record and current market opportunity should form the foundation of stock turn policy, say the experts.
Dealers could lose close to half a billion pounds in 2024 due to stock mispricing, according to a new analysis by Indicata.
Chris Barrett , managing director of vAutoStock, explains why it is so important that dealers focus on turning over stock quickly
The UK remains the only European country to experience a decline in used car values during 2022, according to Indicata.
The UK is now the only used car market in Europe where the value of vehicles continues to fall, according to data published by Indicata.
Auto Trader has reported that used cars are selling at record speeds, despite a continuation of year-on-year value increases.
Motor retail executives from CarShop, Humphries And Parks, Available Car and eDynamix will discuss methods of improving stock turn at this afternoon's AM webinar.
Sales of used electric vehicles (EV) have accelerated past their petrol counterparts and are now leaving forecourts faster, according to new data from Auto Trader.
Cox Automotive has downgraded its used car sales forecast for 2021 as the lasting impact of COVID-19 and the global semiconductor shortage look set to result in a “market starved of supply" in Q3.
Car dealers sold vehicles seven days faster than they did at the start of 2021 after the return of showroom retail accelerated the sector, eBay Motors has reported.
The UK Government’s ‘Lockdown 2’ COVID-19 mitigation measures in England contributed to a 22.1% decline in used cars sales during November, according to data from Indicata.
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.
Used car retailers saw their stock turn accelerate by 10 days in September as average advertised prices rose by 1.8%, eBay Motors has reported.
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.
UK car buyers have Europe’s strongest appetite for used diesel cars according to stock turn data published by Indicata this week.
Franchised car retailers proved more resilient than then independent used car selling counterparts during 2019’s tough trading conditions, according to the CarGurus One Voice Report.
UK motorists realised their love of SUVs last year as the segment led Indicata’s monthly fastest-selling cars rankings for nine out of 12 months.
Electric vehicles (EV) are the UK’s fastest-selling used cars, according to market data analysed by Cap HPI – taking an average of just 39 days to leave car dealers’ forecourts.
Small SUVs dominated October’s fastest selling used car rankings as the Audi Q3 led the pack, according to data published by Indicata.
