Record used car prices faltered as values for fleet/lease and dealer part-exchange vehicles fell during December, according to BCA’s Pulse report.
Sytner Group has signed an agreement to acquire the CarShop car supermarket business.
Kia’s Sportage emerged as the UK’s fastest-selling used car as Auto Trader collated data from the whole of 2016 to reveal the most popular vehicles soon to leave the forecourt.
YouGov research commissioned by Carwow has revealed that customers would rather feel confident that they paid a fair price for their vehicle than the lowest possible price.
Cambria Automobiles plc has “maintained its momentum” following a strong showing in the last financial year, according to a statement issued ahead of the group’s AGM.
The used car market is set to exceed 7.7 million vehicles in 2016, beating last year's figure of 7.2m and the previous 2004 record of 7,731,609 vehicles.
The BMW 3-Series has emerged as Auto Trader’s most searched for car of 2016 as the online marketplace revealed its top 10 attractors of online traffic.
Analysts at Wizzle have identified a December ‘double whammy’ which sees consumers hoping to get more for their car than usual – just as the real value falls to its lowest point in the year.
Average used car prices rose by 0.4% at auction during November as wholesale used car activity "cooled slightly" throughout November, reported the he National Association of Motor Auctions.
Fairfield BMW and Mini part-exchanges and overage stock will be remarketed at Aston Barclay’s Chelmsford site as part of a contract which sees cars sold at weekly auctions.
Average values stalled in November as rising volumes of cars put pressure on lower quality stock, creating “a two-tier market as volumes climb”, according to the latest BCA Pulse report.
Renault UK has appointed Autorola as its official remarketing provider as part of a deal which will facilitate trader-to-trader trading within the 160-strong network.
Independent Motor Auctions has appointed a new sales director as it embarks on a period of recruitment following the acquisition of a Lancashire firm as part of its plan to expand.
A fifth (21%) of UK motorists have paid more for a vehicle than its true value with new drivers among the most common victims of over-pricing, according to research carried out by HPI.
The point-of-sale consumer used car finance market grew 12% by value and 9% by volume in October, compared with the same month last year, according to The Finance and Leasing Association.
Direct car sales are the biggest threat to Auto Trader but Brexit could prompt a two year business boom for the UK, according to chief executive Trevor Mather.
The Trade Centre Wales is set to open its second new superstore within nine months, crossing the border for the first time with the opening of a 12 acre, 1,200 car site in the West Midlands.
Carsnip has soared past its target to attract car listings from 5,000 car dealers six months earlier than expected – with 6,500 now taking advantage of the search engine.
BCA will aim to put digital services at the heart of its future plans after seeing a 25% increase in online sales over the past 12 months.
Tootle has struck up a partnership with Climb Online, the digital marketing agency founded by BBC Apprentice winner Mark Wright, .
