Autorola has launched a new online remarketing service aimed to help dealers speed up the sale of unwanted stock that hasn’t sold first time at physical auction.
The value of dealer part-exchange vehicles peaked again in December, resulting in an annual increase of 22.83%, according to Manheim’s latest barometer of the auction market.
Auto Trader has confirmed an online classified partnership with Yahoo! Cars, UK & Ireland to incorporate its new and used car search into its website.
Used vehicle return on investment is up to 90.6% in the last 12 months, research reveals, as dealers acknowledge the significant contribution the business can make, particularly to counter the on-going fall in aftersales revenues.
Next month will see the launch of the latest digital remarketing venture aimed at helping dealers to source retail stock and liquidate unwanted part-exchanges.
Ford Fiesta, Britain’s best-selling car, has been declared Used Car of the Year 2012 by CAP.
New App Brings Dealership Stock Search Facility to Facebook
Autotrade-mail, the online used car trading network, warns that dealers who only use auctions to dispose of their part exchange vehicles may be compromising the values achieved.
A depressed new car market has brought used car operations to the fore for most franchised dealers. But with some two miillion fewer new car registrations over the past five years, that has created its own set of challenges for this market segment.
UK used car sales increased slightly by 0.5% to 1,757,320 units in Q3 this year, according to the latest figures from Experian.
Following last month’s look at the pressure on margins, it’s time we turn to a less frequently discussed issue: the consumer change cycle.
Dealer part-exchange values in November remained strong at an average of £2,804.
Honda (UK) has joined forces with CAP and launched an online used car valuation tool, allowing owners of any UK registered car to obtain a valuation.
Stability in the UK used car market is expected to be undermined by pre-registration activity, according to research from CAP Black Book Live.
SMA Vehicle Remarketing has announced growth of their own transport fleet with the addition of 20 new road transporters, to ensure timely distribution of vehicles to dealers across the UK.
MotorTrade, Arval’s international e-commerce platform for used car sales exceeded the 200,000 mark at the end of September 2012.
British Car Auctions (BCA), has released new data showing that 4x4 values rose sharply in October, climbing by 16% as the first signs of winter appeared.
Mazda is relaunching its Approved Used Car (AUC) scheme to offer customers a choice of three additional forms of cover to complement the original 12 months warranty package.
HPI has launched Spec Check in response to the challenges of valuing new stock can be challenging, especially if a vehicle has a number of factory fitted options on it that could influence the price.
Used car trade values during November have weakened as supply increases and dealers become more cautious.
