The online car retailer Cazoo claims to have become the fastest UK business ever to achieve a valuation in excess of $1 billion (£800.8m) – joining an exclusive list of companies known as ‘unicorns’.
MOT centres carried out over two million tests during COVID-19 coronavirus lockdown period as many motorists chose not to take advantage of the Government’s six-month exemption.
Used vehicle sales have grown by 17% in the first 15 days of June, when compared to the same period last year.
The Vehicle Remarketing Association (VRA) is set to debate the potential impact of a “second wave” of the COVID-19 coronavirus and efforts to find an inoculation at its annual general meeting (AGM).
Automotive logistics providers will bid for home delivery jobs from car dealers in a new home delivery option launched as part of Auto Trader's Vehicle Moves platform.
Consumer interest has grown rapidly this month, with car dealers receiving an influx of enquiries for new and used models.
A post-lockdown surge in used car sales activity has put retailers ahead of the same period in 2019, according to data gathered by Indicata.
Motorway has celebrated its delivery of record volumes of used car stock to the UK’s motor retailers post-lockdown – with £1.39m of sales completed in a single day last week.
Autotrader has revealed which used cars attracted the highest price increase during lockdown.
COVID-19 has rendered physical car auctions a no-go zone for 23% of car retailers in the short- to medium-term, Cox Automotive’ s latest dealer sentiment survey has revealed.
Cazana, the vehicle data company, has confirmed that used car pricing has not raced to the bottom during lockdown.
Auto Trader research has said that a third of car buyers remain cautious about visiting a dealership, despite healthy levels of demand which look set to continue.
JCT600 has celebrated the busiest week of used car sales in its 74-year history after the easing of COVID-19 lockdown restrictions on England’s automotive retail sector.
Cazoo will become the shirt sponsor of Premier League football team Everton FC from the 2020/21 season, the online car retail business has revealed.
The Financial and Leasing Association (FLA) has revealed that the COVID-19 lockdown caused consumer car finance market to slumped by 94% by volume and value during April.
Large numbers of de-fleeted vehicles, postponed PCP returns and terminated PCP agreements caused by Covid-19 will cause a negative ripple effect on car values, according to Automotive Services International (ASI).
Former CarShop chief executive Jonathan Dunkley has officially handed the used car supermarket business’s operations over to “the Sytner Group machine”
Car dealers have resisted the temptation to “slash prices” during COVID-19 lockdown according to Auto Trader data which showed an 1.9% year-on-year increase in May.
Cazana has reported that demand for used cars during the COVID-19 lockdown may have outstripped the 20% of sales transactions which were completed during the period.
AA Cars has announced it will be extending it’s 50% discount for car dealerships for a third consecutive month into June, to help support UK used car busnesses weather the impact of COVID-19.
