Demand for used hybrid cars has risen in the last quarter, pushing wholesale prices up by 18.7% to an average of £17,591.
Motorpoint will redevelop an LSH Auto UK Mercedes-Benz dealership near to Manchester City’s Etihad football stadium to expand its used car supermarket network into Manchester.
Cazoo is poised to invest £1 million in a new used car handover customer centre in Carlisle - the first of seven new facilities.
Semiconductor shortages, the transition to electric vehicles (EV) and “the true impact of Brexit” are among new car retail disruptions that are set to fuel a strong used car market in to 2022, says Cox Automotive.
The Nissan Leaf and VW eGolf are the two cars that are most popular choices among buyers searching for a used electric vehicle (EV).
Perrys Motor Group is outperforming its pre-pandemic car sales volumes according to a breakdown of COVID-19’s impact on the AM100 group.
Used car supermarkets sold vehicles almost twice as fast as their independent counterparts as they cut retail prices to drive sales in June.
An 11.1% June uptick in used car prices on Auto Trader suggests that dealers have been making efforts to realign their advertising to accommodate recent months’ wholesale price surge.
Demand for used cars appeared to slow in June, according to data from Dealerweb.
Valuation experts and AM100 retailers have conceded that they do not know when this year’s “unprecedented” used car price rises will end.
CarShop has revealed its plans to create its 14 used car supermarket site with the redevelopment of a Autoworld dealership in Willenhall, near Wolverhampton.
Almost one in 10 used car purchases are now completed entirely on a smartphone, according to BuyaCar.
Auto Trader has revealed that car buyers are considering vehicles being offered for sale 25% further from their homes since the start of the COVID-19 pandemic.
Peter Vardy Group has officially left the Vauxhall franchise network and launched its Carz Supermarkets brands at the six Vauxhall sites across Scotland.
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.
Marshall Motor Group chief executive Daksh Gupta has given an insight into how the AM100 PLC will continue to adapt to the changing car retail market after a “pretty special” start to 2021.
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.
Motorpoint has revealed its plan to create an eight-acre used car preparation centre in Motherwell as part of its "ambitious" growth plans in Scotland – creating around a dozen new jobs.
Used car dealers have been urged to remember that consumers ultimately dictate the price a car can be sold at as wholesale values continue to place pressure on stocking levels.
