Holidays in the sun are being prioritised above car purchases ahead of a tough winter which is expected to see the UK slide into recession amid ongoing inflation, Cap HPI's Derren Martin has suggested.
A shortage of used electric vehicles (EVs) could push prices so high that a new vehicle makes more financial sense to buyers, warns Indicata.
UK used car sales shrank by nearly 20% in Q2, despite a 57.1% increase in used electric vehicle sales over the same period.
Older vehicles are creating problems with service history, preparation and breakdowns, as 86% of dealers express issues.
Used Land Rover Defender models are the most desired at auction, according to Aston Barclay’s desirability index.
Deceiving customers into believing cars it sold were compliant with London's ULEZ restrictions has led to £65,483 in charges for Hilton Car Supermarket in Hayes.
Sub-two-year-old cars priced over £20,000 were the 'sweet spot' for dealers in July, according to the latest eBay Motors Group Market View.
V12 Vehicle Finance (V12VF) has reached its third-year anniversary with record sales figures.
Used car values continued to grow on a year-on-year basis in July, although the rate of growth is softening.
The UK’s new car finance suffered its “largest contraction” in new business volumes since February 2021’s COVID-19 lockdown period during June, according to new data published by the Finance and Leasing Association (FLA).
Image-conscious Brits don’t want to be seen driving a car that’s more than five years old, according to a new survey.
Milton Keynes-based used car retailer CarOOn in preparing to create 40 new jobs with a business expansion funded by £800,000 in new funding backed by the Recovery Loan Scheme.
Used car values remain “resilient” despite a 1.1% July dip in advertised values which represented a sixth consecutive month of retail price decline, according to eBay Motors.
Inchcape has grown its bravoauto used car supermarket division with the opening of a new store in Sytner’s former Volkswagen and CarShop Express dealership in Halifax.
Electric vehicles (EV) look set to reshape the UK’s car retail sector in the years ahead, with a fifth of dealers telling Auto Trader that they will never sell purely battery-powered zero-emission vehicles.
One-in-three (36%) Londoners plan to sell their vehicle in the next six months due to the proposed ULEZ extension alongside the rising cost of living.
Motorpoint has added plans for a Coventry used car supermarket sites to its expansion plans for Edinburgh and Milton Keynes after growing its Q1 revenues by over 30%.
A Trade Centre Group radio advert which claimed that the retailer was offering “hundreds of cars” for sale with finance repayments of £20-per-week has been banned by the Advertising Standards Agency (ASA).
A 20% rise in revenues at multi-site used car dealer V12 Sports And Classics in 2021 was outpaced by a rocketing 63% increase in operating profits, accounts filed at Companies House this month show.
Auto Trader has claimed that car retailers pricing their used car stock using “opinion” instead of live market data are losing almost £11,000 a month.
