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.
A magnificent seven electric vehicles (EV) topped Auto Trader’s fastest-sellers rankings for June and proved that car buyers are currently clamouring to avoid soaring fuel prices by embracing zero-emissions transport.
The UK’s used car sector would be “a bloodbath” for dealers without the high values and strong margins maintained as a result of 2022’s supply shortages, Cap HPI’s Derren Martin has suggested.
Car retailers eager to ensure their forecourts are stocked with the best used cars in a market currently starved of vehicle supply are being urged to sign-up to today’s free AM webinar.
Used car buyers are becoming more risk averse and seeking higher-quality vehicles with lower running costs.
The used car market has been enjoying stellar growth over the past two years as demand has outstripped supply; there has been a lack of new vehicle availability and more buyers are willing to pay a premium.
In a used car market starved of supply vehicle acquisition has become the boom industry, with retailers launching their own car buying platforms to rival third-party providers.
Used car marketing provider eBay Motors Group has said that a downward pricing adjustment was “inevitable” in the sector after seeing values decline by 1.5% month-on-month in April.
Vehicle supplies, compliance and new mobility are considered the three top challenges facing car retailers in 2022, according to the Startline Motor Finance’s first monthly Used Car Tracker survey.
The April issue of AM magazine is here, bringing you insights into how dealers are adapting their stocking policies in the supply-constrained used car market, an exclusive interview with Kia UK's leaders and the full list of finalists for next month's AM Awards.
Carwow has introduced new updates to its portal and back-office operations to help make it easier for dealers to source used car stock.
Cazoo reported seeing a “clear path for significant Retail GPU improvement” from its online used car sales after reporting a £550 million loss in 2021.
Volvo Car UK has launched a new used car sales platform that will sell its “newest” vehicle stock direct to online car buyers.
Car dealers temporary rise in stock levels at 2021’s year-end is set to be a temporary trend, according to data published by Indicata.
Motorway has appointed former eBay and Trainline communications specialist Victoria Biggs to the newly-created role of chief communications officer.
A used car retailer that saw £250,000 worth of used car stock written-off after a high-speed police chase ended in a Volkswagen Golf somersaulting across his forecourt has been told he must foot the bill.
Car supplies could take up to eight years to recover after component shortages and COVID-19 factory closures, according to Pendragon chief executive Bill Berman.
Lookers has boosted its fleet of vehicle delivery and collection vans alongside the launch of a new ‘click and sell’ online used car buying platform aimed at sourcing used car stock from private sellers.
A rapid rate of stock turn has traditionally been a sure-fire way for car dealerships to maximise their used car profits and forecourt space.
Clive Brook Group, Drive Motor Retail, Hendy Group, Inchcape Retail and Jemca Motor Group have all ramped-up their acquisition of private used car stock in 2021.
