Lookers has reported growth in its used car and aftersales operations as new car volumes and turnover declined in-line with the market during the period to September 30.
Inchcape UK’s first Used Car Centre has moved to its permanent location in Burton-upon-Trent.
Car retailers still have a chance to join a rush of over 1,000 automotive retail sector representatives expected to attend Automotive Management Live 2018 at the NEC in Birmingham tomorrow (November 8).
Nextgear Capital has said that a used car stock funding is poised for further growth as dealers look to “boost their buying power” amid rising values and a rush for stock.
London Fire Brigade dispatched 125 firefighters to tackle a blaze at the Imperial Cars supercar showroom in Romford.
Manheim has won a new contract with ALD Automotive to support its digital sales channels.
Used car sales increased by 7.8% in October against the same month last year.
Swansway Group has renewed its contract with BCA in an exclusive, two-year remarketing deal that will see it handle more than 7,000 vehicles a year.
Epyx is developing an enhanced version of its Auto Pricing tool, due to increasing demand.
Hyundai Motor UK is extending its existing £250 excess return offer to its retail Approved Used Car Programme from October 15, 2018.
Changing appetites towards risk in unsecured lending could open opportunities for used car dealers in a £58bn market.
LSH Auto UK has renewed its relationship with BCA in a two-year deal that will see 6,000 vehicles remarketed annually through weekly sales in Brighouse and Nottingham.
A race for vehicle refurbishing services could be sparked by used car stock shortages which are leading car dealers to downgrade the condition of stock they are buying to fill their forecourts, according to the Vehicle Remarketing Association.
Pendragon has projected full-year financial results delivering a further 17.2% decline in underlying profit before tax in an interim management statement revealing declines in turnover and profit during Q3.
Manheim has forecasted a buoyant end to 2018 for the used car market following an uplift in buyer activity during September - describing demand for the right stock as "supercharged".
Cap HPI has warned that large car retail groups that inaccurate vehicle data could be costing their business £117,000 a year in findings from a profitability study carried out in partnership with the Institute of Transport Studies.
The founders of CarWizz have claimed that the new online retail platform will return the control of customer relationships to retailers and reduce ageing new car stock without resorting to a "race to the bottom".
Aston Barclay announced the appointment of former Inchcape UK used car director, Cliff Deller to the position of group remarketing director.
Aston Barclay has completed a deal to open a new auction centre at Wakefield’s Photon Park, a 16-acre site set to sell 50,000 in the coming year
The Independent Motor Dealers Association (IMDA) is aiming to grow its membership to 500 before the end of 2018 after celebrating its first 12 months in operation.
