Leveraging a start-up culture in car retail emerged as a key topic in this episode of the AM News Show podcast, featuring Waylands Automotive CEO John O’Hanlon and eBay Motors chief operating officer Phill Jones.
Used car retailers were urged to be aware of the “risks around affordability” as motorists seek out older, more affordable cars to mitigate against the continued rise in values.
More than half of car buyers are reconsidering the purchase of a zero-emissions electric vehicle (EV) after the Chancellor of the Exchequer announced plans to make them eligible for VED road tax.
The majority of car buyers still prefer the full in-person dealership experience, according to new research by eBay Motors.
Used car values rose by an average of 2% on eBay Motors Group’s online marketplace as the market’s balance of consumer demand and limited supply continued to defy the UK’s economic gloom.
Barry Judge has been appointed as chief executive officer (CEO) of eBay Motors Group and Motors.co.uk.
Used car supermarkets and franchised retailers responded to September’s sector stability to increase the value of their advertised vehicle stock by 1.5% and 1%, respectively.
The average price of used cars remained flat in August as stock volumes continued to dip and days to sell improved, research by eBay Motors Group has found.
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.
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.
Used car sales slowed as the average price of a car advertised for sale declined by 4.7% in Q2 according to eBays Motors data which showed the impact of the UK’s growing cost-of-living crisis.
Motors.co.uk has launched a multimedia radio and outdoor marketing campaign to help support its car retailing partners across the UK.
One-in-five new and used car buyers are putting off their next purchase as they feel the pinch of the cost of living crisis, eBay Motors Group research suggests.
Used car marketing provider eBay Motors Group has said that a downward pricing adjustment was “inevitable” in the sector after seeing values decline by 1.5% month-on-month in April.
The UK’s cost of living crisis and the impact of Russia’s war in Ukraine threaten the used car market’s shift towards stability, eBay Motors’ Dermot Kelleher has suggested.
Used car supermarkets cut the price of their cars to trigger a 0.3% month-on-month decline in vehicle values on eBay Motors Group marketing portals during February.
Used car stock levels and prices have remained stable in January, following a year of unprecedented growth.
Environmental and sustainability considerations are the top driver for those buying used electric and hybrid cars, according to eBay Motors Group.
The average advertised price of used cars hit a new high for the year in November, according to the latest Market View from eBay Motors Group.
Motors.co.uk has secured a deal to be the headline sponsor of new ITV quiz show Ant and Dec’s Limitless Win.
