Used car values have reached a “tipping point” with prices rising for the first time in five months as an easing of COVID-19 ‘Lockdown 3’ retail restrictions draw nearer, says Cap HPI.
Aston Barclay is preparing to welcome car and van retailers back to its auction halls after 84% of buyers voted for a return to physical trading.
The Vehicle Remarketing Association (VRA) has launched a quick-fire ‘five-minute briefing’ document series with a series od short sector-wide takes on the reopening of car showrooms after COVID-19 ‘Lockdown 3’.
The UK Government’s decision to lower the value of its plug-in car grant EV incentive will have little impact on used car values, according to Cap HPI.
Activate Group has appointed Victoria Turner as its new chief commercial officer as it looks to sharpen its "strategic focus" on growth.
Northridge Finance sales director Alan Carson has announced that he is departing the business after 26 years.
Buyacar chief executive Andy Oldham said his focus remains on “supporting dealers” as he leads the new Autovia venture to fuse its ecommerce offering with the publishing firepower of Dennis publishing’s automotive titles.
The phased easing of COVID-19 ‘Lockdown 3’ could deliver a staggered recovery for car retail or a double whammy of opportunity for dealerships across the UK, it has been suggested.
Epyx have launched a new and renamed version of its 1Link Disposal Network, where dealers can buy ex-fleet and rental stock.
Strike action proposed by COVID-19 hit employees at the DVLA’s Swansea headquarters could be set to impact the car retail sector’s own recovery period, Cox Automotive has warned.
Online search data and car buyer survey data has led What Car? to assert that there “healthy demand building in the market” ahead of April’s re-opening of showrooms across the UK.
More than two-thirds (77%) of information-hungry car buyers feel that manufacturers are not doing enough to educate them on what electric model was most suitable to their needs.
Heycar will reward car dealers with vouchers for Domino's Pizza, BT Sport and electrical goods as part of its new Lift the Cup sales incentive scheme.
The National Association of Motor Auctions (NAMA) has said that first-time conversion rates are set to rise as used car demand increases with the easing of COVID-19 lockdown restrictions.
Automotive ecommerce specialist iVendi has helped UK car retailers to facilitate £1.3 billion in vehicle sales in the past 12 months – up £200m despite the impact of COVID-19.
Auto Trader has painted a positive picture of the car retail sector during March’s COVID-19 ‘Lockdown 3’, with consumer confidence reaching new heights and dealers trading at 90% of normal volumes.
Automotive retail ecommerce specialist drivvn has appointed Sian Cutter as its new head of finance to support software as a service (SaaS) delivery to the sector.
UK accounting watchdog the Financial Reporting Council (FRC) has opened an investigation into Deloitte audit of Lookers PLC’s financial statements for 2017 and 2018.
Assurant has extended its used car warranty partnership with the RAC to provide protection cover for RAC Dealer Network customers until 2029.
Demand for subprime lending has more than doubled in the last year, according to motor finance broker Caerus Capital.
