The Motorway used car stocking portal has seen its vehicle sales grow 300% by value in Q3 after appreciating prices transformed the sector.
Vertu Motors chief executive Robert Forrester has told AM that he is “buying used cars everywhere I go” as part of the AM100 PLC’s efforts to keep its forecourts stocked.
Aston Barclay has said the seasonality of the March and September-centric car retail market has been side-lined as supply shortages triggered 40% price rises in just nine months.
Cazoo has opened the doors to its 20th car retail Customer Centre at West Thurrock’s Lakeside Retail Park following a £1 million investment.
Autorola has reported a third consecutive quarterly rise in online used diesel prices as new car sales continue to fall.
Trade buyers will be allowed back on site at Manheim Auction Services' sites in Bristol, Manchester and Washington to help dealers source stock for their used car forecourts.
Dealers using stock funding facilities with V12 Vehicle Finance can now buy quicker and easier from epyx's 1link Trade Buyer platform thanks to a tie-up between the two companies.
Used car inventory levels grew by 4.7% in September, but the improved supply did nothing to stem price growth.
A used car dealership’s sales manager claimed he stole up to £30,000 from his employer to “make ends meet” after his family expanded with the arrival of quadruplets.
The Motorpoint used car supermarket group has revealed turnover growth of 57% and pre-tax profits up 30% in a trading update for the first half of 2021.
Pendragon has followed fellow car retail PLCs Marshall and Lookers into issuing an upgrade to its 2021 profit expectations after a “strong” Q3 performance.
The Hyundai i30 and Mitsubishi Shogun have been listed among Auto Trader’s ranking of the used cars that delivered the biggest retail value increases in September.
Almost two thirds of used car buyers expect to buy a used car in a showroom and talk to dealers face-to-face, a new study has found.
Competition for used car stock continued to grow as used car retail values rose 21.4% in September to reach a new record high after 18 consecutive months of appreciation.
Aston Barclay achieved its strongest ever conversion rates in September, along with record prices.
Hendy Group’s breadth of initiatives and innovations across used car retail secured its win in the Best Used Car Dealer Group category at the AM Awards 2021.
Big Motoring World has kick-started an growth plans with the acquisition of Peterborough-based used car supermarket group SW Car Supermarket.
Cazoo has appointed former eBay and mobile.de executive Abhishek Roy as its European managing director ahead of its planned expansion into France and Germany.
Pendragon is preparing to launch a fresh used car proposition under the brand ZenCar by the end of this year.
Record used car value increases in September have been hailed as a “black swan event” by Cap HPI, with head of valuations Derren Martin describing the seventh consecutive month of rising prices as “extraordinary”.
