Lookers chief executive Andy Bruce has said that the he expects the car retail group to “meet market expectations for the full year” after reporting a 5% rise in turnover to £2.58m during the first half of 2018.
Used car prices declined by 1.8% at BCA auctions during July as a year-on-year increase of 5.5% continued to be credited to “strength in depth across the used car market”.
Carwow’s YouTube channel claims to be rivalling Top Gear after reaching a one million subscriber milestone with its mix of car races and reviews.
Mercedes-Benz Vans has teamed up with Allianz Partners to launch a new Approved Used Van Programme which offers a 24-month warranty on vehicles up to four years old.
Manheim has signed a three-year partnership extension with Leasys UK, allowing collaboration on a national sales programme until at least 2021.
Motordepot is preparing to complete a programme of growth which will have doubled the the size of its UK network in just 12 months with the opening of a new car supermarket in Stoke.
CarGurus claims to be "the fastest growing major automotive shopping site" after its Q2 revenues grew by 45% year-on-year and its unique monthly user base swelled by 54%.
Motorpoint has announced that its Glasgow showroom is to be opened by BBC Scotland Still Game stars Jane McCarry and Mark Cox.
Used car buyers are expecting a purchase experience on a par with new, according to CitNOW research to be explored at the video specialist’s Best Practice session at Automotive Management Live 2018.
Pendragon has blamed the performance a faltering UK Motor Division for a 41.4% fall in underlying pre-tax profits in financial results for the first half of 2018.
The used car market will shrink by 3.7% to 7.86 million sales during 2018, according to a forecast published by Cox Automotive.
G3 has won an exclusive remarketing contract with First Response Finance Ltd following a unique "Champion Challenge" tendering process.
Fresh Motors founder Jacob Freshwater has said that creating the right environment for used car sales was central to his Rising Star award win at the recent Auto Trader Retail Awards.
Almost two in five dealers have highlighted stock acquisition as the number one commercial challenge in their used car business.
Used car sales have been boosted by 6% in July from leads fed through from dealers’ service departments, according to data lead management company enquiryMAX.
Dragon2000 has partnered with Codeweavers to offer an “industry-first” finance integration into the firm’s dealer management system, DragonDMS.
JCT600 is in discussion with potential additions to a premium-leaning car dealership portfolio to “fill in the gaps” after losing its retail franchise with BMW in Bradford.
Yeomans Honda has received “positive feedback” on its new customer-focussed showroom after a new site layout alleviated parking issues at its Littlehampton dealership.
Cartime has revealed plans for a new £1.6 million premium used car showroom after exchanging contracts on prominent retail site in Rochdale.
The used car market slowed in July, according to Cap HPI.
