The National Association of Motor Auctions’ (NAMA) monthly market attitude survey has indicated that many remarketing specialists anticipate a rise in the value of used hybrid vehicles during January.
BCA sold more used cars through its auctions in a single January week than at any other time in its history as it got off to a strong start in 2020.
The average value of a used car offered for sale at BCA’s auctions declined by 1.2% during December, but maintained the month’s fourth highest value on record.
The director of independent used car retailer Carpoint has been handed an 18-week suspended jail sentence in relation to car clocking offences.
A partnership between Click Dealer and V12 Vehicle Finance is promising an end-to-end used car technology solution that covers vehicle sourcing, funding and consumer finance provision.
German brands dominated the most viewed vehicles on Auto Trader in 2019.
Car dealers suffered a loss of £11,000 in November to all-but ensure the sector's average business incurred losses for the whole of 2019, ASE has reported.
James Hawley has been appointed as area manager for Hendy Group’s Car and Van Store business.
Arnold Clark has submitted plans to transform a former Toys R Us store into a car retail facility as part of the expansion of its Motorstore used car supermarket sites.
The used car market defied any market uncertainty created by the General Election to deliver its strongest December performance since 2012, according to data published by Cap HPI.
The chair of the Vehicle Remarketing Association explains why she wants to help her members to steer a steady course with advice and training
An influx of SUVs and premium vehicles into the used car sector has helped to mitigate a 3.5% decline in values year-on-year, according to Auto Trader’s monthly Retail Price Index.
Electric vehicles (EV) are the UK’s fastest-selling used cars, according to market data analysed by Cap HPI – taking an average of just 39 days to leave car dealers’ forecourts.
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
With economic uncertainty expected to continue into 2020, dealers are being advised to adapt to changing used car buyer attitudes in order to stay ahead.
A seasonal downturn in used car values as the holidays failed to impact sales at BCA and strong demand delivered a “strong month for used car activity”.
Car dealers may experience a used car sales performance blip after voters head to the polls for today’s General Election 2019 but the sector is “performing pretty well” in challenging times, according to Cazana.
Renault’s Zoe electric vehicle (EV) has claimed the title of Auto Trader’s fastest-selling used car 2019 after claiming the top two places in its monthly ranking of vehicles delivering a speedy sale.
Car retailers are being advised to hunt down hybrid used car stock after research revealed that consumer demand for the alternative fuel vehicles (AFV) is outstripping demand by eight-to-one.
The average UK car retailer saw profitability decline by 75% year-on-year in October and is likely to end 2019 with a 9% overall reduction in overall profit, ASE has reported.
