A slowdown in consumers’ car buying activity and uncertainty when the current COVID-19 ‘Lockdown 3’ restrictions will end was the catalyst for a fall in used car trade prices in January.
Auto Trader has reported a 1.6 million uplift in the volumes of visitors to its online car marketing platform and record consumer confidence amid KPIs which could indicate another post-lockdown sales boom.
Auto Trader has predicted that sales of new electric vehicles (EV) could surpass that of traditional petrol and diesel internal combustion engined (ICE) equivalents as soon as 2025.
Over half (52%) of motorists in the UK believe their next car is likely to be a hybrid vehicle, but 68% of petrol and diesel drivers feel they do not know enough to buy one.
Former CDK partner programme director and CitNow commercial director, Alistair Jeff, has joined the board of RTC Automotive.
Over three-quarters of car buyers have increased their use of car search websites to inform their next purchase during the COVID-19 coronavirus pandemic, according to research by eBay Motors Group.
Carzam has said that it is “on track” to complete more than 20,000 used car sales in its first full-year as GForces forecasted a doubling of digital sales for franchised retailers.
Manheim Auction Services has announced a new two-year contract with online used-car dealership, Carzam.
The average value of a used car advertised on the Auto Trader website grew for a 37th consecutive week despite restrictions placed on the market by COVID-19 ‘Lockdown 3’.
UHY Hacker Young has appointed Ryan Wear as its new audit partner as the firm plans for further grow in 2021.
A Brexit deal may have been done but with COVID-19 and the electric vehicle (EV) agenda at the heart of car retail’s challenges in 2021, Alison Ashley, RSM’s head of motor retail, has highlighted her key predictions for the years ahead.
OEMS are being urged to make better use of customer data and scientific principles to improve their digital journeys, by Auto Zebra.
A two-day online conference for regional managers that work with the RAC Dealer Network is being held from January 28, 2021.
The eBay Motors Group has said that it will be offering COVID-hit car dealers free classified advertising across Gumtree Motors, eBay Motors and Motors.co.uk platforms throughout February.
Consumer confidence among in-market car buyers is three times higher than during the UK’s first COVID-19 coronavirus lockdown during H1 2020, a What Car? survey has found.
The emergence of the more virulent strain of COVID-19 coronavirus and renewed lockdown restrictions made the average car retailers’ bid to match their 2019 profits “unachievable” last year.
What Car? has launched a new national marketing campaign to promote its online new car buying platform on Absolute Radio.
Auto Trader has once again renewed its call for car retailers to “hold firm with their prices” amid optimism that pricing will remain strong in Q1 – despite the showroom closures of COVID-19 ‘Lockdown 3’
Used electric vehicles (EV) appear to have fallen out of favour with car buyers struggling to justify their cost in comparison to petrol and diesel alternatives, according to Autorola.
Heycar has said that it will continue to offer advertising car dealers free delivery on all until the end of February in-light of COVID-19 ‘Lockdown 3’.
