Almost two in five dealers have highlighted stock acquisition as the number one commercial challenge in their used car business.
Vantage Motor Group will remarket 6,000 used cars through auction houses in Donington Park, Prees Heath and a planned Wakefield ‘Mega Centre’ as part of a new solus remarketing deal with Aston Barclay.
Tootle has launched a new progressive comparison tool which allows car buyers to compare offers from dealers and car buying service companies.
Used car values rose 3% at Manheim auction houses and 11% on the Dealer Trade online trading platform but dipped 10% on the consumer-facing Motors.co.uk website during June, Cox Automotive has revealed.
BCA Brighouse is set to mark its 45th anniversary with a special week of used car sales in June.
The Vehicle Remarketing Association has warned that an oversupply of petrol-fuelled used cars is likely to result from the “dramatic shift away from diesel in favour of petrol”.
Aston Barclay has seen used car purchases completed via its Buyer App hit the £5m mark just eight months after the smartphone buying platform’s launch.
Used car prices declined 0.8% at BCA auctions during April despite demand for dealer part-exchanges sending their values to above £5,000 for the first time.
NextGear Capital has provided £50million in stock funding to hundreds of UK dealers thanks to a partnership with Dealer Auction.
Cazana has launched a vehicle valuation tool enabling dealers to make “instant price decisions” based on the current retail market.
NextGear Capital has launched the ‘first mobile wholesale funding platform’ enabling dealers to manage stock on-the-go.
Big Cars used car supermarket founder Adam Stott has blamed major changes to the business’ stock and finance provision for creating the “unsustainable trading conditions” that forced its closure.
The National Association of Motor Auctions has reported that used car prices rose by 2.4% as average mileages fell by 0.8% at auctions during December.
BCA Partner Finance is celebrating record levels of demand after funding over 100,000 vehicles with its used car stocking facility over the past 12 months.
An increase in wholesale stock availability and slowing demand has resulted in a seasonal used car price slump in November, according to industry data analysts Cap HPI.
Cox Automotive claims that a mixed market in October has resulted in an increase in retail and stock funding sectors as wholesale divisions continue to show signs of slowing down.
BCA Partner Finance has launched exclusive weekly sales for its customers at BCA Wolverhampton and BCA Manchester.
Nine-tenths of car dealers are set to reassess their relationship with diesel with a review of their forecourts’ fuel profiles in 2018, according to research carried out by Cox Automotive.
Independent car auction brand G3 Remarketing has announced the launch of a new 30-point check vehicle assured programme.
Car manufacturers' lure bonus payments and VAT incentives is continuing to push new vehicles onto car dealers books, the value of unsold stock rising 16% in a year according to UHY Hacker Young.
