CD Auction Group has axed listing and sellers fees on its dealer-to-dealer Vehicle Tradex platform in a bid to support car dealers keen to re-stock their forecourts during COVID-19 ‘Lockdown 3’.
The Independent Motor Dealers Association (IMDA) has appointed Aston Barclay as its new auction partner.
Manheim Auction Services has announced a new two-year contract with online used-car dealership, Carzam.
The UK Government’s reinstatement of the VAT margin scheme for Northern Ireland’s used car retailers has “cut-off” a logical supply route to the Republic of Ireland.
A post-Brexit VAT issue that will see 20% added to the cost of used cars imported from mainland Britain and sold by car dealers in Northern Ireland is “not going away”, AM has been told.
Car auctions have indicated that it will remain business as usual for stock-sourcing dealers during the latest COVID-19 lockdown across the UK.
Aston Barclay will host two e-Live online auction events between Christmas and the New Year to help dealers source used car stock during the festive period.
Motorway will reveal private car sellers’ reserve price after retailers requested the functionality to help better pitch their bids.
Used car values declined or remained static as Aston Barclay continued to trade vehicles online throughout November’s COVID-19 ‘Lockdown 2’in England – maintaining 70% of its usual capacity.
The average price of a used Land Rover has increased by 2% in the last month, with values up 4% year on year according to new data from Motorway.
Members of the National Association of Motor Auctions (NAMA) have told the organisation that it remains “business as usual” at their remarketing centres, despite the ongoing COVID-19 crisis.
Dealer Auction will supply digital auction services to Volkswagen Group UK's franchised car retail networks after signing a preferred supplier agreement with the German OEM.
Wilsons Auctions has launched a dealer stock funding service in partnership with V12 Vehicle Finance, part of Secure Trust Bank.
Increasing competition for used car stock from private sellers has been revealed in Motorway data showing year-on-year growth in the valuations – with EVs showing a 34% increase.
Auto Trader is set to roll-out a guaranteed part-exchange tool underwritten by Cox Automotive to its online car marketing platform.
The Vehicle Remarketing Association will cover a range of issues impacting a 2021 new and used car market which promises to be “difficult in all kinds of ways” in its upcoming outlook seminar.
BCA has been accused of “opening Pandora’s Box” by shifting its cinch online marketing platform to compete directly with its car retail customers in the online sales sector.
Motorway is offering car retailers 50% off broker fees on the first two purchases made through the Motorway Pro platform during October.
BCA’s average used car sale value at auction remained above £8,000 for a fourth consecutive month after values rose by 6.9% during strong September trading.
Used car retailers saw their stock turn accelerate by 10 days in September as average advertised prices rose by 1.8%, eBay Motors has reported.
