Carspring has found that the UK new car market is the second-quickest depreciating in the world – losing an average 51.9% after the first 34,700 miles.
Used car values rose at auction in January as buyers competed for stock in a strong market, according to the monthly BCA Pulse report.
An all-electric car made the top ten of Auto Trader’s fastest selling used cars for the first time as the Vauxhall Zafira topped the charts for January.
Carwow has launched a £1.2 million advertising campaign across television and radio with the catch-line ‘car buying with you in the driving seat’
A used car dealer has seen his business “devastated” by the loss of seven vehicles in a late night raid just five days after a move to new premises.
Magistrates ordered a used car dealer to pay £5,000 in compensation and fines after after hearing how he sold unroadworthy vehicles and refused customer refunds.
BCA’s 20-acre remarketing and logistics facility at Perry Barr was officially opened by the Lord Mayor of Birmingham.
Demand for cars over 10 years old and 100,000 miles resulted in a 0.3% rise in values, despite an overall used car market dip of 0.6% during January.
Auto Trader has confirmed it is aiming to introduce its new price indicator labels to adverts before the end of March this year.
Record numbers of car dealers are exploiting online sales according to online marketplace Buyacar.co.uk, which experienced a 41% uplift in business during 2016.
Online sales values of ex-fleet stock beat physical auctions by average of one per cent in 2016, according to epyx.
Ten years after Motors.co.uk first entered the UK market the online car trading platform has taken time to reflect on the changing nature of the automotive industry.
The average price of used cars sold through Autorola UK’s online remarketing portal fell £228 in Q4 to £8,983 on the back of a higher average age and mileage.
The National Association of Motor Auctions (NAMA) has reported a 0.4% decrease in first time conversation rates but a 2% increase in the average vehicle value at auction in December.
Motorpoint has appointed Gavin Morgans as general manager of its £5 million Birtley car supermarket.
A surge in second hand car sales has been indicated by a 300% pro rata rise in sales via the Wizzle online marketplace, the business’ creator has claimed.
Hatfields will use a comprehensive range of Cap HPI data under the new agreement, covering HPI Check, warranty, spec check and Cap valuations all delivered via HPI Tradeweb.
Aston Barclay has renewed its solus agreement with Cargiant in a deal which will see its site continue to handle the car supermarket’s part exchanges throughout 2017.
New research reveals that buyers are increasingly prepared to buy cars online when they are backed up by the reassurance of a franchised dealer, according to NFDA Trusted Dealers.
Cap HPI has put digital services at the heart of its plans after announcing plans to bring an end to its printed editions, stating “it has outgrown the printed format”.
