The number of car buyers visiting dealerships that are less than five miles from their home has risen by 65% since the Coronavirus pandemic lockdown started.
Used car values rose by 0.4% during July as automotive retail's lockdown recovery delivered the month’s first price rise since 2009, Cap HPI has reported.
The number of UK drivers willing to pay for a car they haven’t seen first has fallen since last year, with three-quarters saying they would not buy one without viewing it in person.
Cox Automotive has reported signs of pent-up demand in the used car market after its auctions went wholly online due to the COVID-19 pandemic.
CD Auctions has welcomed former Citroen UK managing director Karl Howkins as its new MD as part of a bid to accelerate its “plans and ambitions for the future”.
The Peugeot 2008 is currently the UK’s fastest selling used car, according to Auto Trader, as demand for SUVs grew by more than 40% since forecourts re-opened.
Soaring demand for vans after COVID-19 triggered a home delivery shopping culture across the UK triggered a 20.8% rise in used values during Q2, according to Aston Barclay.
Used car specialist Parkhills Car Centre has become the latest addition to the Ssangyong Motors UK’s franchised car retail network – adding a dealership in Bury.
A police officer committed gross misconduct by running a car dealership with a man with known associates in organised crime.
Retail ready used car stock is in “high demand” among car retailers seeking ways to speed-up their business’ COVID-19 recovery by taking advantage of a post-lockdown surge in demand.
CarGurus has released its latest COVID-19 Sentiment Study, revealing the continued impact of the pandemic on the concerns, habits and hopes of UK car buyers.
I did consider picking this topic for my blog last week – the acquisition of Imperial Car Supermarkets in the UK by online used car start-up Cazoo last week.
The COVID-19 pandemic has brought about a reduction in global emissions as the economy slowed and vehicles were kept off the roads during lockdown.
Auto Trader predicts that used car values will continue to grow, while consumer demand continues to outstrip supply.
Aston Barclay has said that a surge in demand for used cars stock has seen value rise to its records highest ever level for a Q2 period – with older cars and diesel vehicles leading the way.
COVID-19 social distancing measures are putting dealers at a higher risk of fraud in the part-exchange process, according to Cap HPI.
Before the lockdown, many of the UK’s largest motor auction and remarketing companies were enjoying successes in signing deals. Now, as the sector gears up to return to normal, they are well placed to support the recovery.
heycar has partnered up with SilverBullet to boost its online car sales capabilities amid a rising customer appetite for digital purchasing.
Post-COVID-19, there will be significant changes in car retailing and warranty products are evolving to face the new challenges
The used car market could be on course for a similar “market correction” to that seen in May last year after car dealers and remarketing companies flew out of the blocks post-lockdown.
