Peter Vardy Limited (PVL) has reported first quarter profits of £2.2 million following a year of restructuring the business.
The used car market recovered strongly from the April downturn as average values improved by nearly 9% across the board in May, according to BCA’s latest Pulse Report.
Average wholesale used van values fell by 4% by £172 to £4,123 in May according to the latest monthly market analysis for vans from Manheim.
Used car sales volumes grew by 14.7% in the first quarter of 2012 in comparison to Q4 and were up slightly by 0.2% year-on-year.
Toyota Corolla’s built between 2001 and 2007 are the UK’s most dependable family car, according to new research from Warranty Direct.
Dealer-Auction has seen a softening in franchised dealers’ part-exchange values in March.
Leading guides look to remain relevant in an age of freely available information.
Generous incentives and rising price lists are major concern in tough market.
A used car remarketing website, that has united some of the largest franchised dealer groups, has announced it plans to significantly increase membership this year on the anniversary of its formation in 2011.
Arval UK, a leading vehicle leasing and fleet management company, has extended its relationship with Manheim for the remarketing of its vehicles for a further three years.
The May issue of AMe is now live, featuring fresh new content separate to the magazine edition, including a profile of Snows Group and analysis of the new and used car markets.
Trusted Dealers, the online used car sales website put together and owned by franchised dealers, is looking to raise awareness of car cloning and log book scams which can affect customers.
Aston Barclay Group will open its fourth auction site this week with its newly acquired site in Leeds.
The latest Manheim Market Analysis reports that the overall average selling price of dealer part exchange vehicles remained static at £2,456 in April.
Customer loyalty is like motherhood and apple-pie – a good thing that no-one would criticise. But can high customer loyalty be a problem?
Changing sector mix, rising volumes and seasonal pressures saw average used car values fall by £270 (4.3%) in March, according to BCA’s Pulse Report.
Cambridge Car Auctions, the remarketing business launched last year, is set to open a second site in the coming months.
Manheim’s Dealer Dashboard shows early March saw a decrease in used vehicle activity due to the focus on the car plate-change.
