A WLTP-prompted shortage in the supply of new vehicles has resulted in daily rental companies turning to the used car market to replenish their fleets, the Vehicle Remarketing Association (VRA) has said.
Motorpoint has posted a short trading update where it said trading in Q1 has delivered “solid sales and profits”.
Vantage Motor Group will remarket 6,000 used cars through auction houses in Donington Park, Prees Heath and a planned Wakefield ‘Mega Centre’ as part of a new solus remarketing deal with Aston Barclay.
Tootle has launched a new progressive comparison tool which allows car buyers to compare offers from dealers and car buying service companies.
Average used diesel prices of cars sold on the Autorola online portal continued to rise in Q2, although there was a noticeable fall in volume.
Seven vehicles were stolen along with the keys and log books for a further 50 vehicles in a raid on the Motorcity independent used car dealership in Walsall.
Aston Barclay’s plan to “revolutionise the UK remarketing sector” could move a step closer to realisation with the creation of a new 70,000sq-ft car auction Mega Centre in Wakefield.
Motordepot has announced its plan to make Sheffield the site of its ninth used car supermarket as part of its recent expansion drive which has added three new locations within the past 12 months.
The Vehicle Remarketing Association has warned car dealers to expect an unpredictable used car market towards the end of this year and into 2019 as the sector feels the effects of the switch to WLTP emissions test legislation.
Manheim auctions will see 6,000 additional commercial vehicles pass through its auction lanes after signing a solus remarketing deal with Arval.
Petrol is closing in on diesel as the most popular fuel type among UK car buyers, according to Auto Trader’s online search data.
Used car values at BCA auctions rose to their third highest level on record during June as nearly-new vehicle prices rose by 10.8% year-on-year.
Used car values rose 3% at Manheim auction houses and 11% on the Dealer Trade online trading platform but dipped 10% on the consumer-facing Motors.co.uk website during June, Cox Automotive has revealed.
Ford is the most favoured manufacturer among second-hand car buyers, according to research into used buying trends by AA Cars.
Aston Barclay has launched a new Virtual Auction platform which allows used vehicles to be sold from any location through an online auction.
eCars247 has partnered with Hitachi Capital Consumer Finance to offer an online used car buying service claiming to offer "instant finance".
Pricing a car correctly is intricately linked with stock turn and profitability – we asked dealers how they hit the sweet spot
Car dealers looking to take advantage of increased profits in used car sales by switching to non-franchised operation must follow some key steps
AM asks experts to analyse the current state of the used car market and forecast what the rest of 2018 may hold.
From diesel and Brexit to the profit potential of used cars and aftersales, we asked five AM100 executives to outline the challenges and opportunities in 2018
