The Vehicle Remarketing Association (VRA) is warning that the current health of the used car market could rapidly deteriorate in the last quarter of 2024, due to several emerging issues.
Autofinity has enhanced its retail management platform through integration with Auto Trader Connect, allowing users to access its used car pricing rating without switching between applications.
A strategic partnership between two players in the wholesale vehicle sector has been forged to revolutionise the way used car dealers source and finance stock.
Vertu Motors has renewed its exclusive nationwide remarketing partnership with BCA until 2029.
Car supermarkets increased their inventories in July as buyers renewed their focus on affordability, according to MOTORS’ July Market View.
A strengthening car market is driving a bigger choice of stock to dealers' forecourts through traditional auctions plus newer online-only remarketing and car buying platforms
A new Spotlight digital report for car dealers, focused on developments and best practice in the used car market, has just been launched by AM.
Leasing giant Ayvens is to relaunch its Ayvens Carmarket used car remarketing platform aimed at professional car traders and dealers in the UK.
More than two thirds (68%) of dealers are finding it challenging to source the right stock at an affordable price
AM Live 2023 heard how the best used car retailers are battling stock shortages by pairing their buying experience with intelligent data. Andy Whitehair, chief executive of Autofinity, chaired the session which saw Alex Jones, chief operations officer at used car group Carbase, Craig Petty, sales director at AM100 dealer group Hatfields and Neil Smith, chief executive at consultancy Motorvait, offer their insights.
Franchised dealers avoiding older, cheaper cars are missing out as Young people about to sit their driving tests are preparing to spend an average £4,124 on a used petrol manual car.
With London offering a £2,000 scrappage incentive to encourage city dwellers to scrap their oldest cars that won't be compliant with the expanding ULEZ ultra low emission zone, used car dealerships could be poised to tempt them with cheap replacement runabouts.
Used car prices declined by 1% during April as Easter holidays delivered a seasonal drop in demand, Cap HPI has reported.
The used car market’s supply of electric vehicles (EV) has fallen 59.1% (100 days) in 2023 thanks to a reduction in prices, according to Indicata UK’s latest Market Watch report.
Used cars ended Q1 with a third successive month of rising values at BCA auctions after what chief operating officer Stuart Pearson described as a “very encouraging start to 2023”.
Competitive pricing will help drive demand for emerging Chinese electric vehicle (EV) brands when they reach UK auctions as used cars, according to Aston Barclay.
Auto Trader has diagnosed the used car retail sector with “robust health” after reporting a 0.7% rise in the average value of a vehicle during February trading.
Car retailers who suffered “significant pain” as a result of a recent slump in used electric vehicle (EV) values could soon be seeking out zero emission forecourt stock once again, according to Cap HPI.
A “busier than expected” start to 2023 continued to drive the used car sector’s imbalance between supply and demand – propelling values to a record £18,937 on eBay Motors.
Strong demand for Volvo’s XC90 and the Renault Kadjar in January singled the two SUVs out for praise in Dealer Auction’s Retail Margin Monitor analysis as Jaguar Land Rover (JLR) products continued to reign supreme.
