Used car supermarkets cut the price of their cars to trigger a 0.3% month-on-month decline in vehicle values on eBay Motors Group marketing portals during February.
BCA has suggested that high used car valuations could prove a “safety net” for car retailers as Russia’s invasion of the Ukraine compound cost of living concerns to impact consumer confidence.
Aston Barclay’s newly-appointed chief executive Tom Marley has said he wants to “catapult the group to higher growth” after negotiating the challenges of COVID-19 and vehicle supply shortages.
Cazoo has completed a Spanish football sponsorship double after following an agreement with Real Sociedad with a follow-up deal for Valencia.
A 0.9% reduction in used car prices this February has been branded a “blip” by Indicata.
Simon Proudler has been promoted to chief financial officer at Available Car after eight years with the independent, family-owned used car retailer.
Fresh Motors has opened a new site in Watton with capacity to display more than 100 used cars and vans for sale.
Aston Barclay has been appointed as The Independent Motor Dealers Association’s (IMDA) official auction partner for 2022, following a “successful” first year.
Record UK inflation was accompanied by a further 29% year-on-year rise in used car values during January, according to data published by Auto Trader.
Used car dealers are focusing on sub-£15,000 models from mainstream brands this month, following a period of high demand for premium-badged cars.
The consumer car finance market grew 2% by volume and 13% by value in December to complete a 2021 “rebound” despite the headwinds of COVID-19 and vehicle supply shortages.
Used car supermarket group Big Motoring World has underlined its “big” UK-wide expansion plan with the launch of a new brand identity and website.
Cazoo is targeting 100,000 annual used car sales and a £2 billion turnover in 2022 after raising a further $630 million (£414.2m) to fund its expansion in Europe and UK growth.
Suzuki GB launched a new and updated approved used car programme in a bid to provide a greater breadth of choice to its customers.
A 14-year-old boy was arrested following a late-night vandalism spree which resulted in damage to every car at WeBuyAnyCar’s Swindon depot.
Cazoo has secured a sponsorship deal with Spanish LaLiga football club Real Sociedad as its strategy to drive car sales growth through profile continues in mainland Europe.
Used car retailers rallied against three months of COVID-enforced dealership closures and vehicle supply shortages to deliver annual sales up 11.5% year-on-year in 2021.
Used car buyers have been told they must “get used to a significantly older profile of vehicle” as supply shortages look set to continue into 2023.
Volvo Car UK has launched a new used car sales platform that will sell its “newest” vehicle stock direct to online car buyers.
More than one-in-five nearly new used cars advertised via Auto Trader are now priced above their brand-new equivalents after a further 31.3% year-on-year rise in values during January.
