The used car market defied any market uncertainty created by the General Election to deliver its strongest December performance since 2012, according to data published by Cap HPI.
The chair of the Vehicle Remarketing Association explains why she wants to help her members to steer a steady course with advice and training
An influx of SUVs and premium vehicles into the used car sector has helped to mitigate a 3.5% decline in values year-on-year, according to Auto Trader’s monthly Retail Price Index.
Electric vehicles (EV) are the UK’s fastest-selling used cars, according to market data analysed by Cap HPI – taking an average of just 39 days to leave car dealers’ forecourts.
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
With economic uncertainty expected to continue into 2020, dealers are being advised to adapt to changing used car buyer attitudes in order to stay ahead.
A seasonal downturn in used car values as the holidays failed to impact sales at BCA and strong demand delivered a “strong month for used car activity”.
Car dealers may experience a used car sales performance blip after voters head to the polls for today’s General Election 2019 but the sector is “performing pretty well” in challenging times, according to Cazana.
Renault’s Zoe electric vehicle (EV) has claimed the title of Auto Trader’s fastest-selling used car 2019 after claiming the top two places in its monthly ranking of vehicles delivering a speedy sale.
Car retailers are being advised to hunt down hybrid used car stock after research revealed that consumer demand for the alternative fuel vehicles (AFV) is outstripping demand by eight-to-one.
The average UK car retailer saw profitability decline by 75% year-on-year in October and is likely to end 2019 with a 9% overall reduction in overall profit, ASE has reported.
Slick pre-delivery inspection processes between auction/part-ex and virtual and physical forecourts are central to maximising profits
Spoticar, a Europe-wide used car brand, is set to launch in the UK in early 2020.
Glyn Hopkin claims to have halved its used car days in stock within 30 days after rolling out a new group-wide focus on ageing stock and introducing new pricing parameters.
Cazoo has launched its UK used car retail portal with the backing of a record £80 million in pre-launch funding to boost its chances of success.
Cox Automotive has predicted a 1.3% year-on-year decline in new car sales and 2.7% decline in used car sales volumes in Q1 2020.
Franchised or not, if selling cars doesn’t make him more than 3% return on sales, then Cars2 managing director Allan Otley isn’t interested
Sytner Group’s used car supermarket division will launch a new drive-in service centre concept when it opens the doors to its 10th CarShop site in Bristol this weekend.
Used electric vehicles (EV) like the Renault Zoe and BMW i3 are appreciating in value after car buyers "turned a corner" in their attitude to adoption, according to CarGurus.
Affordable pure electric vehicles (EVs) are moving into the used car sector’s fast lane as consumers show less enthusiasm for a new crop of expensive zero-emissions cars.
