A showroom manager who pocketed £246,000 in cash swindled from the sale of his employers used car stock has been jailed for 30 months.
An increasing number of used car dealers are taking advantage of the PDI services offered at auction due to a “time is money” approach to stock turn, claims NAMA.
Wessex Garages has halved its Abarth representation through a development which has seen its Bristol Kia operation expanded to include a specialist used operation.
The Car People are preparing to complete the tendering process for a new car supermarket in Warrington – its largest facility to date.
Auto Trader’s latest marketing campaign has helped the automotive marketplace achieve its best ever January, with 59 million visits to the site.
Car dealers are concerned that pre-registrations and low monthly payments are damaging residual values and profit margins
A car supermarket boss has been jailed for two years after channeling financial transactions related to 900 vehicles through a valet’s bank account to avoid paying tax.
A used car dealer who admitted selling five clockedcars – selling one of them twice – has escaped an immediate custodial sentence.
BCA has announced an exclusive two-year remarketing agreement with top AM100 dealer group JCT 600.
Convertibles and city cars outperformed the market by increasing their value in a used car climate of decreased margins but “healthy demand”, Cap HPI has reported.
Used car specialists Bunning Garages has become the latest addition to the MG franchised dealer network.
A used car dealer who sold his employer’s stock to fund a gambling addiction has been handed an eight month suspended jail sentence and ordered to complete 180 hours of unpaid work.
Former air steward Chris Dickson is flying high in career with Jennings Group following promotion into sales controller role.
The internet has radically changed the part-exchange and disposal process for many dealers, from valuing trade-ins accurately to remarketing stock online.
Corroded suspension and exhaust faults which could have allowed carbon monoxide inside a car were among issues that landed a used car dealer with a year in jail.
Aston Barclay turned dealer trade-ins into cash within 48 hours customers dropping off their vehicles to collect new 16-plate models.
Strong demand drove up used values by an average of 0.4% in February.
Auto Trader’s biannual market report has highlighted the "death of haggling" as a key characteristic of the changing automotive market over the past 12 months.
A used car salesman who sold vehicles to fund his gambling addiction faces jail after his case was referred to the Crown Court.
Data from the major motor auctions shows that ex-fleet stock is failing to reach the values of a year ago, although dealer part-exchanges are faring better.
