Aston Barclay has enhanced its digital platform to enable finance houses to repatriate used cars back into franchised dealer networks.
A range of eight remarketing modules for motor finance, vehicle leasing, and major fleets has been launched by Epyx.
Cashflow is quickly becoming king as larger car dealers and used car supermarkets pay well above market valuations to secure used car stock, according to Shoreham Vehicle Auctions (SVA) managing director Alex Wright.
Used car sales have recovered by 2.8% from September 6, while new retail adverts have surged by 27.8%, according to the latest Cazana data.
Cox Automotive has warned that car dealers across the UK will have to compromise on their usual stock demands in order to fill their forecourts in a sector now “starved of stock”.
Batchelors Motor Group has signed an exclusive remarketing partnership with BCA, offering up to 1,000 vehicles from BCA Leeds over the duration of the 12-month deal.
Wessex Garages has launched a multimedia campaign worth £100k to raise awareness of its new and used electric vehicle (EV) range.
Aston Barclay has appointed Nick Franklin to its sales team as head of business development.
G3 Vehicle Auctions have appointed a new board of directors, alongside a group general manager, to oversee its next phase of growth plans.
Used van values continue to climb, with average prices passing the £10,000 mark for the first time in July, according to the latest data from BCA.
Manheim has secured a contract with Peter Vardy for the Scotland-based dealer group to remarket at least 4,000 unwanted vehicles annually through its auctions.
Premium SUVs and saloons from the likes of Lexus, BMW and Land Rover are the most in demand vehicles at Aston Barclay’s physical and online auction channels in August.
Cox Automotive has warned car retailers to brace themselves for a tough September and Q4 as the new EU trade agreement, a logistics “wages war” and evolving consumer habits present further uncertainty.
A new online platform has launched that showcases stock from all National Association of Motor Auctions (NAMA) members in one place.
The UK’s ‘pingdemic’ of self-isolation alerts is combining with recruitment issues to cause staffing shortages across the remarketing sector, the Vehicle Remarketing Association (VRA) has said.
Premium SUVs and used sports cars are the most in-demand stock in July across Aston Barclay’s physical and online auction channels.
Cox Automotive International president Martin Forbes said the business has signalled its intent to “significantly extend our mobility capabilities in Europe” with the acquisition of FleetMaster.
BCA has questioned “sensationalist” media coverage of used car price growth, arguing that wholesale values have only seen subtle changes.
Arnold Clark has launched a new weekly dealer sale at Aston Barclay’s Prees Heath site as part of an extended remarketing agreement.
Cap HPI has underlined the importance of its live valuations service as the pace of wholesale used car price rises continued with a 13.5% increase in the past three months.
