Cox Automotive has reaffirmed its full year forecast of 7.8 million used car transactions in 2019 following the release of Q2 figures from the SMMT.
The average asking price of a used car advertised via Auto Trader rose by 2.76% during July but the online marketplace said that the rate of value growth had declined for the first time since August 2012.
The UK’s used car market has started to show signs of a slow down as volumes dropped by 2.8% in Q2 this year to 2.03 million.
A study of vehicle mileage data from one million cars has found that 6.5% of vehicles in the UK could have been clocked.
Conversion rates are expected to increase at the UK’s car auctions during August as the number of used cars entering the market struggles to meet the demand from car dealers.
Premier Cars, an independent dealer in Essex, has relocated to a new 180-car garage in Aveley after securing a seven-figure commercial mortgage from HSBC UK.
Car retailers recorded an average decline in profit of 31.7% during June as the average sum earned declined by £13,000 to £28,000 during the month, ASE has reported.
July 2019 brought with it much discussion around the decline in used car performance despite a level of decline which will remain a moot point.
Independent used car supermarket owner James McConville has said that the search for larger premises is the biggest challenge he currently faces as he seeks expansion for his Solo Cars business.
Used car values have dropped by a record 2.2% decline for July as the large executive and luxury executive cars fell out of favour with car buyers, Cap HPI has reported.
Petrol powered vehicles dominated Indicata's monthly rankings of the UK's fastest-selling used cars during June.
Used diesels are selling faster than their petrol equivalents, despite campaigns to shift buyers away from the fuel.
West Yorkshire Van Centre has officially opened the doors at a new Volkswagen Commercial Vehicles Used Van Centre in Leeds.
An Independent premium used car dealer convicted of 22 counts of fraud worth £769,210 has been ordered to pay back just £1 under the Proceeds of Crime Act.
BCA has launched its cinch consumer-facing online classified with the promise of helping car buyers find, buy and selling used cars.
The volatility of used car values “started to ease” with a 2.2% average rise to £9,463 in June, according to the monthly BCA Pulse report.
Used car buyers are increasingly choosing to buy longer warranties when buying cars from independent dealers, finds the RAC.
More onus could be put on dealers to ensure any used cars are up to date with recall requirements in the future, according to the Vehicle Remarketing Association.
Premium independent used car retailer Integrity Automotive has moved into Donalds Group’s former Mazda and Volvo showroom as part of an expansion of the business.
Online car retail start-up Cazoo has continued its recruitment drive with the appointment of Darren Bentley as its chief customer officer.
