Used car sales surged by 19.4% last week as strengthening consumer confidence delivered strong online leads and “a consistent level of footfall at retailer showrooms”, according Cazana.
Auto Trader has launched a new incentive to encourage car buyers using its platform to part exchange their existing vehicle.
Premium SUVs and saloons from the likes of Lexus, BMW and Land Rover are the most in demand vehicles at Aston Barclay’s physical and online auction channels in August.
Copart UK has said it will buy the privately-owned cars that other used car buying platforms may not consider as it launches CashForCars in the UK and Ireland.
Carzam has appointed CarShop’s Dave Palmer as its new chief vehicle preparation officer as it aims to deliver the “highest quality of vehicles” to online used car buyers.
Luscombe Motors managing director Robin Luscombe has insisted that the Police and Trading Standards should “pick and choose” the fraud cases they investigate after falling foul of a car clocking sales scam.
Cox Automotive has warned car retailers to brace themselves for a tough September and Q4 as the new EU trade agreement, a logistics “wages war” and evolving consumer habits present further uncertainty.
WMS Group has consolidated, re-developed and re-branded its warranty products under a new Safe & Sound brand.
Used car sales rose 351.4% to a near record 2.17 million sales during Q2 of 2021 as new vehicle supply shortages drove increasing volumes of motorists into pre-owned models.
A new online platform has launched that showcases stock from all National Association of Motor Auctions (NAMA) members in one place.
Car buyers have been faced with a 14.1% increase in the price of the average car advertised on Auto Trader during July.
Motorpoint and Peter Vardy's recently expanded Carz used car division have both launched new TV advertising campaigns focussing on the ease of their omnichannel car retail offering.
Used car values have risen by an average of £2,125 (16.6%) in each of the last four months, according to data published by Cap HPI.
Heycar has extended its Trade Up cashback scheme for dealers until September.
Car buyers boosted the consumer motor finance sector’s volumes by 12% in June – a year on from the 2020’s easing of the UK’s first coronavirus lockdown.
Auto Trader is providing retailers with new access to a stock of more than 30,000 vehicles sourced directly from consumers, it said.
Motor Connect expects to double its turnover in the coming year to £20 million as more buyers embrace online car buying.
Vertu Motors has suggested that its 2021 pre-tax profits could be up to 60% more than forecast just a month ago after continuing its “exceptional” performance in the used car market.
Used car buyers who paused their purchase to focus their attention on England’s route through the European football championships may have triggered a 26.8% boost to retail sales last week.
The UK’s ‘pingdemic’ of self-isolation alerts is combining with recruitment issues to cause staffing shortages across the remarketing sector, the Vehicle Remarketing Association (VRA) has said.
