Glyn Hopkin claims to have halved its used car days in stock within 30 days after rolling out a new group-wide focus on ageing stock and introducing new pricing parameters.
Franchised car retailers will have to continue to drive the efficiency of their used car sales in order to maintain profitability during 2020, according to epyx.
Car supermarkets grew their stock of used vehicles by an average of 11% during September in an effort to capture car buyers looking to buy in the key number plate change month, Motors.co.uk has reported.
Physical car auctions in the UK have remained fundamentally unchanged for decades.
Used car sales slowed in the UK’s car supermarkets as franchised retailers' growing stock levels sped-up their stock turn during July, according to the latest data from Motors.co.uk.
Petrol powered vehicles dominated Indicata's monthly rankings of the UK's fastest-selling used cars during June.
Car dealers concerns about the roll-out of the new RDE2 Real Driving Emissions car testing standards in September are ‘unlikely’ to manifest themselves in a WLTP-like impact on the market, according to Cox Automotive.
Motorway has launched a new ‘Pro’ version of its stock acquisition platform following the completion of an £11 million funding round to drive further growth for the business.
Hyundai’s petrol-powered Tucson SUV was the UK’s fastest selling used car for a third consecutive month as it was joined at the top of the fast-turn rankings by Vauxhall’s Crossland X during May.
Car retailers increased their stock of used cars by an average of 15% in May but took longer to sell vehicles according to analysis of year-to-year trends analysed by Motors.co.uk.
Brexit is yet to have an impact on used car values in the UK according to Cap HPI’s latest analysis of the UK automotive sector.
Car buyers searching for a used electric vehicles (EVs) are being "pushed out" of the market by prices after average values rose by 11% to £23,361 during April, Auto Trader’s Retail Price Index has revealed.
Used car stock levels have risen by 12% year-on-year, according to Motors.co.uk.
Manufacturers are repatriating increasing numbers of ex-lease vehicles back into their franchise dealer network as demand for quality used stock increases, reports epyx.
Used car values declined during February for the first time since 2008 as car retailers begun to show signs of "reluctance" to squeeze their profit margins any further, according to Cap HPI.
Evolution Funding has secured investment to support its expansion from mid-market private equity investor LDC, which will take a significant minority stake.
Auctions halls around the UK were heaving in 2018 as many dealers turned to the used sector to bolster profits. The result was the unusual phenomenon of high used volumes and record prices.
A lack of “good quality and desirable stock” has not been enough to stall rising used car prices as demand from consumers defies the uncertainty caused by Brexit, according to Cazana.
Rising overheads, increased competition, sourcing the right stock, Government policy and Brexit are all set to impact car dealers in 2019, according to responses to the CarGurus One Voice Report.
Additional used car stock is part of the 2019 business plan of 52% of car retailers during 2019 – as 65% target growth in the sector.
