Motorpoint has begun the process of recruiting 30 new employees ahead of the opening of its new 120-car retail site in Maidstone.
A used car retailer that saw £250,000 worth of used car stock written-off after a high-speed police chase ended in a Volkswagen Golf somersaulting across his forecourt has been told he must foot the bill.
A car buyer threatened to “execute” a car dealer in a string of racist and threatening text messages after his Mini Cooper S broke down, leaving him stranded at the roadside on the day he bought it.
Car supplies could take up to eight years to recover after component shortages and COVID-19 factory closures, according to Pendragon chief executive Bill Berman.
Pendragon will re-launch its CarStore division with a new hybrid sales process designed to remove the “restrictive” process of traditional retail and new online rivals, chief executive Bill Berman has told AM.
Auto Trader has predicted “continued strong price growth” in the used car sector following a 30.5% surge in values during December.
Environmental and sustainability considerations are the top driver for those buying used electric and hybrid cars, according to eBay Motors Group.
Cox Automotive has said that “volatility” is set to define the car retail sector in 2022 as stuttering car supplies combine with rising inflation and changes to OEM and consumer relationships.
Former Paddy Power and Lastminute.com tech expert Edgardo Savoy has joined the “fiercely ambitious” team at online car retailer Carzam as chief technology officer.
Vertu Motors has acquired a site for a new Bristol Street Motors MotorNation used car dealership business in Stockton, Teeside.
The Advertising Standards Authority (ASA) has dismissed a complaint which questioned WeBuyAnyCar claims that customers usually travelled no more than 15 minutes to a local branch.
BCA said that the wholesale used car market showed signs of moving towards a “more stable” footing after average sold values declined by 19% in two months.
Van buyers are up to 40 times more likely to go ahead with a purchase than those looking at the most popular car models, finds BuyaCar.
Lookers has boosted its fleet of vehicle delivery and collection vans alongside the launch of a new ‘click and sell’ online used car buying platform aimed at sourcing used car stock from private sellers.
Government’s ‘Plan B’ to mitigate against the approaching “tidal wave” of cases of the Omicron variant of COVID-19 have done little to dampen rising used car values, according to Auto Trader.
Motor retail executives from CarShop, Humphries And Parks, Available Car and eDynamix will discuss methods of improving stock turn at this afternoon's AM webinar.
Carzam has marked its first anniversary with the appointment of former Paddy Power chief executive Andy McCue as its new executive chairman.
Consumer car finance remained up 7% by volume in the year to the end of October despite an 11% decline in October, according to Finance and Leasing Association (FLA) data.
A rapid rate of stock turn has traditionally been a sure-fire way for car dealerships to maximise their used car profits and forecourt space.
Clive Brook Group, Drive Motor Retail, Hendy Group, Inchcape Retail and Jemca Motor Group have all ramped-up their acquisition of private used car stock in 2021.
