September recorded the UK’s lowest new car finance volumes since 2010 as supply issues continued to disrupt the automotive sector, the Finance & Leasing Association (FLA) has reported.
Auto Trader Group chief executive Nathan Coe expects the automotive sector to “prove its resilience” once again after the online car retail marketplace reported a 2% decline in operating profit from H1 trading.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has urged Government to stimulate new electric vehicle (EV) sales after the volume of sales transactions dipped 12.2% in Q3.
The Car Group has doubled its footprint with the acquisition of a former Vauxhall Motors premises in Ellesmere Port.
A nest containing live rats and weeds growing from a vehicle’s bodywork were among the discoveries of a Trading Standards investigation into used car retailers.
The average retail price of used cars advertised for sale via Auto Trader rose for a fourth consecutive month during October – rising £178 on September and a £548 on August to reach £17,587.
The trade-to-trade online used car stocking platform Dealer Auction has announced the appointment of Ian Armitage as technology director.
Used car values rose by an average of 2% on eBay Motors Group’s online marketplace as the market’s balance of consumer demand and limited supply continued to defy the UK’s economic gloom.
BCA has reported "encouraging signs" from a used van market which experienced a 1.8% (£177) decline in average wholesale values during September.
The Stellantis-owned used car retail business Aramis Group has acquired Cazoo’s Italian operations as the online retailer continues its withdrawal from Europe to focus on cost savings and the UK market.
Jato Dynamics has announced the launch of its new solution, Car Mapper, designed to help speed up the process of used vehicle listing in the online marketplace.
The automotive retail sector’s used car shortages “will stick with us” for some time to come but it is not altogether bad news, Auto Trader commercial director Ian Plummer has told the AM News Show.
V12 Vehicle Finance (V12VF) states that the role of a used car salesman is undergoing transformation.
BCA has said that used vehicle process will “remain very robust for some time to come” after wholesale used car values rose 2.9% to £9,197 in September.
Consumers are shying away from expensive used electric vehicles (EV) amid escalating cost-of-living pressures, according to used car stock management and marketing specialist Indicata.
City Auction Group has expanded its operations with the launch of a new auction site in Peterborough.
Cox Automotive customer insight and strategy director Philip Nothard has warned used car retailers to “remain cautious” as the sector heads into an in certain period of winter trading.
‘High demand’ for petrol and diesel vehicles is continuing to drive the strength of the used car market, according to Cap HPI’s Derren Martin.
In AM's latest '10 Minutes With...' supplier interview Aston Barclay chairman Greg McLeod talks to AM about the automotive remarketing business's growth since acquisition in 2017 and what will come next.
Used cars are getting older, yet prices of diesel, petrol and used hybrids have remained “remarkably” stable over the past 12 months, according to Autorola.
