Aston Barclay Insights report has revealed that average prices of diesel and petrol vehicles in the used car market rose to a record high in Q4 2018.
A lack of “good quality and desirable stock” has not been enough to stall rising used car prices as demand from consumers defies the uncertainty caused by Brexit, according to Cazana.
Eden Motor Group has signed an exclusive two-year deal with BCA to support its used car programme.
Car dealers showed their ability to adapt to challenging market conditions by achieving an average profit of £2,900 during December, ASE has reported.
The National Association of Motor Auctions predicts that February will be a “strong month” for auction houses as volumes and conversions rates are expected to increase.
A premium car dealer has been found guilty of defrauding customers after taking cash and part-exchange vehicles but failing to deliver on deals that were “too good to be true”.
Finance profit will be key to car retailers’ efforts to realise greater profit from used cars in 2019 as FCA scrutiny and greater influence from the market’s ‘disruptors’ continue to apply pressure.
Used diesel values have dropped by more than 10% since 2017, as demand shifts towards petrol models.
Rising overheads, increased competition, sourcing the right stock, Government policy and Brexit are all set to impact car dealers in 2019, according to responses to the CarGurus One Voice Report.
A used car dealer already convicted of tax avoidence after failing to pay £1.1 million in taxes from his home-based retail operation has been jailed for three years.
Used car values declined by 0.7% in January as dealers saw lower retail demand for vehicles priced over £12,000, Cap HPI has reported.
Facebook is bringing more targeted car sales advertising to the UK market after launching its automotive inventory advertising software which has already proved successful with US dealers.
Franchised car dealers should prepare for a rise in demand for MOTs as a record number of cars are due for their first test this year.
The Sytner Group's Car Supermarket Division has extended its remarketing partnership with Manheim for a further two years, including the launch of a new sales programme in Leeds.
The used car markets record-breaking performance in 2018 is expected to continue this year, predicts the National Association of Motor Auctions (NAMA).
UK car dealers remain ‘resolutely optimistic’ despite Brexit, diesel vehicles’ negative press and increased competition for used car stock in 2019, according to Close Brothers Motor Finance.
Motorpoint is targeting a £40,000 2019 fund-raising target following a series of events which delivered a near-£30,000 windfall for its partner charities in 2018.
City Auction Group sold 450 cars in three hours at its refurbished Rockingham site, which now features two lanes.
MotoNovo Finance's online used car aggregator Findandfundmycar.com has reached 2,600 dealer sign ups since it s launch in 2018.
Used car dealers sold Ford Kas more quickly than any other used car last year, according to data from Indicata.
