Lexus UK has cemented its position as UK car retailer’s favourite franchise in the National Franchised Dealers Association’s (NFDA) latest dealer attitude survey.
Carwow’s car buying comparison site Wizzle has surpassed 7,000 used vehicles available for dealers to buy directly from Carwow customers.
Cox Automotive has warned that car dealers across the UK will have to compromise on their usual stock demands in order to fill their forecourts in a sector now “starved of stock”.
Automotive business, Autofinity, has appointed former Reynolds and Reynolds and Codeweavers regional manager, David Stevenson as its new national sales manager.
Carzam has appointed CarShop’s Dave Palmer as its new chief vehicle preparation officer as it aims to deliver the “highest quality of vehicles” to online used car buyers.
Luscombe Motors managing director Robin Luscombe has insisted that the Police and Trading Standards should “pick and choose” the fraud cases they investigate after falling foul of a car clocking sales scam.
Cox Automotive has warned car retailers to brace themselves for a tough September and Q4 as the new EU trade agreement, a logistics “wages war” and evolving consumer habits present further uncertainty.
Used car sales rose 351.4% to a near record 2.17 million sales during Q2 of 2021 as new vehicle supply shortages drove increasing volumes of motorists into pre-owned models.
Car buyers have been faced with a 14.1% increase in the price of the average car advertised on Auto Trader during July.
Auto Trader is providing retailers with new access to a stock of more than 30,000 vehicles sourced directly from consumers, it said.
Used car buyers who paused their purchase to focus their attention on England’s route through the European football championships may have triggered a 26.8% boost to retail sales last week.
Motorpoint has revealed that it sold 61% of its used car volume online in Q1 as it accelerated its ecommerce retail offering to deliver a record start to 2021.
Cox Automotive has downgraded its used car sales forecast for 2021 as the lasting impact of COVID-19 and the global semiconductor shortage look set to result in a “market starved of supply" in Q3.
Haydock Stock Finance, a new division developed by Haydock Finance, have welcomed Andy Poole as its new regional manager.
Used car supermarkets sold vehicles almost twice as fast as their independent counterparts as they cut retail prices to drive sales in June.
Valuation experts and AM100 retailers have conceded that they do not know when this year’s “unprecedented” used car price rises will end.
Marshall Motor Group chief executive Daksh Gupta has given an insight into how the AM100 PLC will continue to adapt to the changing car retail market after a “pretty special” start to 2021.
Cap HPI has underlined the importance of its live valuations service as the pace of wholesale used car price rises continued with a 13.5% increase in the past three months.
Car retailers will be locked into a strategy of “retaining profit margins at all cost” as vehicle supply issues continue into 2022, according to Cox Automotive.
Franchised car retailers and their manufacturer partners have been warned that they are at risk of losing the battle for the used car market as emerging online disruptors assert dominance in stock acquisition.
