The average price of a used car advertised via Auto Trader increased by 0.8% in May, despite ongoing reports of declining values.
Used car prices have continued to decline during June as a “realignment of values” impacts all vehicle sectors, according to Cap HPI.
Motorway has launched a new ‘Pro’ version of its stock acquisition platform following the completion of an £11 million funding round to drive further growth for the business.
Hyundai’s petrol-powered Tucson SUV was the UK’s fastest selling used car for a third consecutive month as it was joined at the top of the fast-turn rankings by Vauxhall’s Crossland X during May.
Manheim has agreed a new five-year deal with used car supermarket operator Big Motoring World.
Unpredictable trading conditions prompted a drop in retail demand for 65% of car dealers, according to the latest sentiment survey from Modix.
PCH poses no risk to PCP’s growing dominance of used car finance, but finance experts believe subscription-based disruptors may still threaten market share
Data-led stocking, add-on sales, multiple touchpoints and ongoing customer relationships are key for dealers wishing to maximise used car margins
Sytner Group’s Car People used car supermarket network has been rebranded and brought under the CarShop banner.
Car dealers have been called upon to end unnecessary used vehicle stock value losses of up to 5% by creating a centralised national service history database.
Vantage Motor Group is “embracing the burgeoning digital retail opportunity” with the integration of GForces’ NetDirector Auto-e online vehicle sales platform across its 25 dealership sites.
Wessex Garages’ Mazda Bristol dealership has installed an iPad offering customers access to The Car Buying Group (TCBG) valuations portal in a bid to speed up the part-exchange process.
Car retailers increased their stock of used cars by an average of 15% in May but took longer to sell vehicles according to analysis of year-to-year trends analysed by Motors.co.uk.
Auto Trader is targeting new car buyers with a multi-million pound marketing campaign.
The majority of car retailers expect at least 10% of dealerships in the UK to close within the next five years, according to the findings of the latest Cox Automotive Insight Report.
Car dealers registered a “marginal” year-on-year improvement in profits during April, according to ASE – the month’s average total amounting to £5,000.
Foray Motor Group has closed its Andover Used Car Centre less than a year after re-branding the showroom from its Andover Ford dealership.
Pendragon needs to refocus its Car Store used car supermarket strategy as it seeks out “self-help opportunities” in light of an operational business review which predicted that the group would make a significant loss in H1, 2019.
Cartime is targeting a £100 million turnover by 2021 after celebrating a set of annual financial results which revealed a 28.7% rise in revenues and 27% increase in pre-tax profits in 2018.
Motorpoint delivered 6.8% turnover growth and 10% growth in profit before taxation and exceptional items in its 2018 annual financial results.
