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.
A £1.7 million funding package from Santander UK has allowed The Car Sales Company Bury to open a new showroom and boost its workforce with the addition of 20 new staff.
Used car prices rose by 16.6% during the first eight months of 2021 as an imbalance between supply and demand dictates that customers will “clamour for whatever stock they can get their hands on”.
We Buy Any Car has been fined £200,000 by the Information Commissioner's Office after sending 191 million emails and 3.6 million “nuisance texts”.
More than one-in-10 nearly new used cars are now more expensive than their brand new equivalents as limited supplies and soaring demand delivered an 18.6% year-on-year rise in values.
Almost half of respondents to a recent survey by NAMA said they expect volumes of vehicles coming into auction to increase over the next month.
Constellation Automotive’s cinch online car retail platform has strongly denied “far-fetched” rumours that it is lining up an approach to acquire used car supermarket giant Motorpoint.
Almost a third (31%) of in-market used car buyers were originally planning to buy a brand-new vehicle, according to a new What Car? study.
Premium SUVs and plug-in vehicles have dominated Aston Barclay’s used car desirability index for September.
Renault Group and RCI Bank and Services have acquired a stake in the heycar-owning Mobility Trader Holding business.
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.
The founder of former used car buying business Sell Your Car With Us has been banned from holding a directorship for nine years after conning 48 customers out of over £750,000.
Used car inventory levels have fallen by 7.2% in the last month, according to a new report from CarGurus.
Carwow’s car buying comparison site Wizzle has surpassed 7,000 used vehicles available for dealers to buy directly from Carwow customers.
Car retailers enjoyed a 364% year-on-year increase in profits during July as appreciating used car values boosted the sector, according to ASE.
BCA's cinch online car retail platform has announced a new sponsorship deal with American Football's National Football League (NFL).
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”.
Sytner Group's CarShop used car division will open its second Express store in Leighton Buzzard following the successful launch of the first site in Leicester earlier this year.
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.
