Auto Trader has revealed that the average price of a car advertised on its used car retail platform reached an all-time record high of £12,967 in November.
Car dealers are once again being advised to think carefully about the wording used to advertise ex-rental vehicles following Pendragon’s £134,000 fine from the Trading Standards team at Middlesbrough Council.
Petrol powered used cars showed signs of increased popularity against their diesel counterparts at auction during November, according to statistics published by NAMA.
TC Harrison Ford and BCA have agreed on a two-year exclusive remarketing deal, which will see around 3,500 vehicles a year sold in weekly sales in Derby and Peterborough.
The Renault Grand Scenic was the fastest selling used car in November, taking an average of 17 days to sell according to Auto Trader.
Vantage Leasing has predicted an increase in electric vehicle (EV) leasing over the next two years, thanks to “strong second-hand market”.
Used car buyers searched for more Ford Fiesta and Focus models than any other car on Motors.co.uk this year.
Demand for used car stock remained high during November with “manufacturers still struggling to get vehicles onto dealer forecourts” four months after the disruptive introduction of WLTP emissions test legislation.
Manheim passed a landmark £2 million worth of sales mark with Thurlow Nunn just six months since launching a partnership with the AM100 group.
The Car Buying Group (TCBG) has put the used car inspection and valuation process into the hands of consumers with the launch of a new app.
Tootle has expanded into online used car retail by establishing a platform which allows car dealers to retail as well as replenish their second-hand car stocks.
Zoopla founder Alex Chesterman is preparing to launch an online used car buying platform after raising £30 million to drive his new venture, Cazoo.
The fastest selling used car in the UK last month was the Ford EcoSport, according to market data gathered by Autorola UK.
Dealerweb data has revealed that dealers saw used car finance grow at 15.4% in November against the same month last year.
Increasing numbers of used car dealers are turning to the classifieds and lower grade stock as demand continues to outstrip supply, according to Manheim.
Motorpoint Castleford has pulled out all the stops to adopt a festive feeling at its Castleford branch – building its own ice rink.
Cap HPI's vehicle identification specification service, Spec check, has added the Lexus and Toyota brands to ensure car dealers do not suffer from a missed profit opportunity.
Used car values rose in November as “buyers competing strongly for stock both in-lane and via BCA Live Online” drove stiff competition for stock through BCA.
November’s new car registration figures may be an indicator that the market is started to “rebalance itself” but market forces continue to favour used car retail, according to Cazana.
Research by Motors.co.uk has revealed that millennials looking to buy used cars are more likely to search vehicles online by their monthly cost.
