Used car values fell by 5.4% at auction during September according to the National Association of Motor Auctions.
BCA has confirmed plans for an additional Glasgow-based remarketing facility amid “ambitious” Scottish operations expansion.
Used vehicle values are being artificially inflated as competition hots up amongst buyers for nearly new and ex-fleet stock amid WLTP-related new car shortages, according to Shoreham Vehicle Auctions (SVA).
Cap HPI has revealed plans to launch a wave of new real-time data tools and insight after adding agility to its new product development with the launch of a new automotive data science team.
The Mercedes-Benz GLA Class emerged as the top performer in Auto Trader's monthly fastest-selling used car rankings for the first time in September – taking an average of 15 days to leave dealer forecourts.
Cartime is set to expand its used vehicle operations in Bury with the creation of a £1.2 million specialist used 4x4 showroom facility.
Average prices of cars reached a new record high in quarter three, according to Autorola’s latest used market report.
Aston Barclay has expanded into the consumer car buying sector with the completion of its acquisition of The Car Buying Group (TCBG).
Sytner Group's CarShop used car supermarket operation has opened a £100,000 Technical Training Centre at its preparation centre in Leighton Buzzard.
New car registration data released by the Society of Motor Manufacturers and Traders (SMMT) for September saw a quantum shift from the August return that saw such an uplift in registrations.
Sytner Group recorded a 9.3% decline in profit before tax as it generated a record turnover during 2017, annual financial results have revealed.
Auto Trader has reported that the average price of a used car offered for sales on a dealer forecourt reached a record high of £12,853 during September.
Car dealers reported an 11% increase in used car sales during September as the average value of each sale declined by 8%, according to EnquiryMAX.
Vertu chief executive Robert Forrester has said that the business is actively looking for new investments after putting in place further measures to further strengthen its “ultra conservative” balance sheet.
In-line with the recent prediction from the Met Office that the UK faces its coldest and harshest winter in a decade, buyer services manager – Alex Miles – at G3 Remarketing, offers his advice to dealers on how they can prepare their forecourts now.
The Financial Ombudsman Service has adopted Cazana’s vehicle valuations in order to assess the value of written-off vehicles.
Putting even £5,000 into the right part of their businesses could reap big rewards for used car retailers
Instant car buying websites are “quoting unrealistically high car valuations online to attract customers” and chipping the price, according to Motorway.co.uk research.
Trade prices for used cars have reached such a high level that dealers relying on finance and insurance (F&I) for profitability, the Vehicle Remarketing Association (RMA) has said.
A used car supermarket boss has offered a £20,000 reward for any information that leads to a conviction or return of "more than a dosen" vehicles stolen in a raid on his Sheffield forecourt.
