Motorpoint has said that it is “ideally positioned to continue its market share growth” after delivering a 64% increase in profits before tax and exceptional items and an 18% rise in revenues in its interim results.
BCA Marketplace has reported a 28.8% rise in revenues as the growth of WeBuyAnyCar.com and growing auction volumes took effect in the six months to October 1.
An increase in wholesale stock availability and slowing demand has resulted in a seasonal used car price slump in November, according to industry data analysts Cap HPI.
Overall used car market up 0.1% in first three quarters of 2017, but diesel sales grow 4.2%
Facebook is set to expand its presence in UK automotive retail after ramping up is car listings in the US, according to social media experts Radar Video.
Seat’s Leon hatchback has been awarded Best Used Car at What Car? Used Car of the Year Awards.
The National Association of Motor Auctions (NAMA) has published its report for October 2017, showing drops in conversion rates and average value.
Tootle has recorded a 16% month-on-month rise in the average value of used cars sold via it online trading portal as mileage and age continue to fall.
City council planners have given the go-ahead for a £15 million Mercedes-Benz centre in Birmingham for LSH Auto UK.
Shoreham Vehicle Auctions annual charity auction for Chestnut Tree House children’s hospice raised £22,000 thanks to the generous donations of kind-hearted car dealers.
Cambria Automobiles chief executive Mark Lavery has highlighted the group's “cast iron balance sheet” after reporting a 4.9% rise in revenues and underlying profit before tax up 6.6% in its full-year financial results to August 31.
The government's 2040 ban on the sale of conventional petrol and diesel cars will not affect motorists car buying choices "for years", according 67% of respondents to the AA-Populus survey.
Reduced margins on used cars are driving increased dealer interest in getting the most out of added value products, claims Warranty Group.
As new car sales slow down there is now a growing importance of used cars to franchised dealers, research shows.
A comprehensive vehicle history is the top priority for trade buyers when acquiring used cars and vans online, according to Epyx survey.
Alex F Noble & Son has paved the way to used car sales growth with a £150,000 transformation of land adjacent to its Nissan premises at Straiton by Loanhead.
Cox Automotive claims that a mixed market in October has resulted in an increase in retail and stock funding sectors as wholesale divisions continue to show signs of slowing down.
The UK’s used car market declined for a second consecutive three-month period in quarter three of 2017. But diesels remained popular, with sales rising 4.2%.
The 2016 Ford Ka (petrol manual) was the fastest selling used car in October, taking an average of just 17 days to sell.
Dundee used car forecourt Charles Sandeman, which closed earlier this year, is set to reopen under a new tenancy.
