Supply constraints triggered by the introduction of WLTP have resulted in used car values that have defied the usual season trends, according to Cap HPI.
Car retailers will have to open up to the prospect of collaboration and integration in order to deliver a digital transformation that will benefit car retailers and buyers alike, according to Jardine Motor Group’s Matt Wrigley.
Volkswagen and Tesco have announced plans to create 2,400 new public electric vehicle (EV) charge points across the UK – with rapid or fast charging available at 600 stores by 2020.
KAR Auction Services is to acquire CarsOnTheWeb (COTW), extending its European footprint and technical ability to manage cross-border sales.
BCA Marketplace has “exceeded expectations” with a set of interim results which revealed an increase in UK remarketing revenues of 23.5% during the sixth month period to September 30.
The RAC Dealer Network has revealed that warranty sales by unit have increased by 11% in the third quarter of 2018 across its network of car retailers.
Hyundai’s Tucson SUV has emerged as Auto Trader’s fastest selling car for October after the 2015 diesel manual variant took an average of just 19 days to leave car dealer’s forecourts.
Startline Motor Finance has reported that it will end 2018 with business volumes up by around 20% on the previous year.
A survey conducted by NextGear Capital and Cox Automotive has revealed that more than half of used car retailers use a stock funding facility to fill their forcecourts.
Fleetondemand has appointed Andrew Cope as executive chairman, following a £5m investment in the tech firm by the Business Growth Fund (BGF).
Close Brothers Motor Finance employees volunteered 818 hours of their time for charity initiatives in October, the company’s volunteer month.
Former Northern 4x4 Centre boss Stewart Rogers has been handed an 11-year directorship ban after he defied a previous five-year order to run his Auto Testing Limited (ATL) business.
Auto Trader is offering car dealers the chance to advertise their entire stock of brand-new unregistered cars online for free until early 2019 as part of its launch a new service.
The Institute of the Motor Industry (IMI) is offering free expert advice to car dealers in an effort to help businesses maximise use of their Apprenticeship Levy funds.
Lee Coomber has joined Dealerweb as business development director, as the business targets further growth.
The Lead Agency has been named as one of the UKs fastest-growing tech companies in the 2018 Deloitte Technology Fast 50.
Startline Motor Finance has warned that an uplift in used vehicle prices prompted by WLTP-sparked new car shortages “will not resolve quickly”.
Car buyers in the US believe that 80% of the vehicles travelling on their roads will be electric (EVs) as soon as 2025, a survey published by Assurant has revealed.
Modix has welcomed Paul Flanagan and Jules Rastelli as two “industry heavyweight appointments” to its senior team.
Car retailers are preparing to accelerate their investment in used car sales for as the sector shows “no signs of slowing in Q3”, according to a survey carried out by Manheim.
