The average UK car retailer delivered a £28,000 year-on-year swing to profitability in August to ensure “a profitable 2020 seems very much in reach for the average retailer”, according to ASE.
Used car retailers saw their stock turn accelerate by 10 days in September as average advertised prices rose by 1.8%, eBay Motors has reported.
Average retail used car prices on Auto Trader recorded the largest ever monthly price increase in September - increasing by 7.6% to £13,829.
Ex-Liverpool and England footballer Jamie Redknapp features in a series of heycar TV adverts in a marketing campaign launched in partnership with Sky Media.
The Steven Eagell Group has opened a new Lexus used car showroom and aftersales facility in Kings Lynn with the relocation of its Toyota franchise in the Norfolk market town.
Online car retailer Cazoo has attracted a new group of investors in a new funding round which has taken its overall financial backing to a record £450 million.
Online used car retailer Cazoo has opened its fifth Customer Centre in a former Imperial Cars car supermarket site in Birmingham.
BCA is promising to provide car retailers with "increased selling opportunities and efficiencies" with the launch of a new Retail Ready used car stocking channel.
Used car supermarket giant Motorpoint will welcome 30 new employees to its ranks when it officially opens the doors to its new retail site at Stockton-On-Tees in December.
Cap HPI’s head of valuations has said that the continued growth in used car values is “not sustainable in the long-term” - but may continue into 2021.
Dealers are advertising brand-new 70-plate cars at used car prices in order to hit their registrations targets, finds online car supermarket BuyaCar.
The flagship Kia Sorento SUV topped the ranking in Auto Trader’s fastest selling used car rankings as vehicles which defy Government’s “rule of six” COVID-19 rules made a strong showing this week.
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
Santander Consumer Finance claims that it will “reduce margin costs and maximise sales” for car retailers with the launch of its new Your Red Car online marketing platform early next year.
Consumer research released from CarGuide has revealed that Covid-19 has stopped almost a third of UK drivers (32%) from changing their car in 2020.
A Trade Centre Group radio advert said to have placed PCP finance terms at the start in an effort for added prominence has been banned by the Advertising Standards Authority (ASA).
Motor Depot is on target to offset over 50,000 tonnes of CO2 in the first year of a new carbon offset scheme.
BCA has reported that “exceptionally strong interest” in LCVs saw vehicles selling for an average of 13% over guide value expectations during August.
The Independent Motor Dealers Association (IMDA) has started the search for a head of membership services as it looks to grow its car retailer membership in its third year of operations.
Auto Trader has reported a 19th straight week of used car price rises with a 7.4% mid-September increase in the average advertised value on a vehicle offered on its online marketing platform.
