Car buying consumer “hugely overestimate” the battery degradation suffered by electric vehicles (EV), allowing themselves to be dissuaded from a purchase by its perceived range-sapping effects.
Used car prices declined by 1% during April as Easter holidays delivered a seasonal drop in demand, Cap HPI has reported.
Autorola UK is set to become the European used car remarketing business’s largest operation after strong growth prompted plans to double its workforce.
Light commercial vehicle (LCV) values reached their highest point since July last year as the sector’s performance defied expectations during Q1, BCA has said.
An April 30 deadline for motor finance providers to issue product reviews to their retail partners will put car dealers on a “compressed timeline” to deliver compliance with the Financial Conduct Authority’s new Consumer Duty regulations.
The UK Government’s pledge to end the sale of new purely petrol and diesel powered cars by 2030 could be in question unless it incentivises potential electric vehicle (EV) buyers to make the switch.
Shoreham Vehicle Auctions (SVA) has accelerated its fund-raising for the Chestnut Tree House Hospice past £270,000 with a trio of charity car auctions held at the end of March.
Car retailers have been urged to show support to cash-strapped car buyers as more than a quarter take longer to assess affordability amid the cost-of living crisis and the viability of alternative fuel vehicles (AFV).
After Peter Ambrose Peugeot became the UK's first mainstream car dealer to adopt an employee ownership trust (EOT) model, RSM’s head of motor retail Alison Ashley explains why its succession strategy is becoming increasingly popular with automotive business leaders.
The Fiat 500 city car’s consistently strong value as a used vehicle has secured it an historic overall win in Cap HPI’s first ever data-driven Used Car of the Year Awards.
The used car market’s supply of electric vehicles (EV) has fallen 59.1% (100 days) in 2023 thanks to a reduction in prices, according to Indicata UK’s latest Market Watch report.
Responding to an accelerated shift in consumer habits, the retail industry is continuing in its transition to offering new sales models and truly customer-centric experiences.
Used cars ended Q1 with a third successive month of rising values at BCA auctions after what chief operating officer Stuart Pearson described as a “very encouraging start to 2023”.
Perrys has struck up a new partnership which will see Ohme become its official electric vehicle (EV) charger provider – offering customers access to cheaper tariffs from of-peak energy rates.
The UK car retail sector’s best-performing used cars are set to be celebrated when AM reveals the Cap HPI Car of the Year Awards winners later this week.
Used electric vehicle (EV) buyers can afford to be more aspirational with their car purchasing plans thanks to value declines that have impacted premium products hardest, according to Cap HPI.
Car buyers are "releasing the handbrake" on their purchase plans, with six-in-10 planning to buy their next vehicle within the next 12 months, according to new research.
Swansway Group director Peter Smyth has revealed that the AM100 car retail group has committed £5 million to upgrade its IT systems after admitting he was “frightened to death” of the threat of a cyberattack.
The under-pricing of used car stock cost UK car dealers £25.5 million in missed retail opportunity in March alone as average values continued to rise, Auto Trader data shows.
Aston Barclay has partnered with the Energy Saving Trust to launch a new monthly electric vehicle (EV) auction - with an educational slant.
Peter Vardy has expanded the reach of its CarMoney motor finance broker service outside the UK with the launch of a new operation in Perth, West Australia.
Car dealers should be working to promote the benefits of condition and history checks, warranties and consumer rights as two-fifths of motorists consider turning to a private seller in an effort to buy a bargain used car in 2023.
Nine million UK motorists might be ready to make the switch from car ownership to subscription, according to the results of research from Wagonex.
UHY Hacker Young’s automotive-leaning Manchester operation is aiming to double the scale of its business following the creation of an executive team led by new chief executive David Kendrick.
Car retailers have been advised to act now to formulate long-term energy and business strategies after the UK energy crisis left operating expenses and employees stretched to "breaking point".
