CarGurus has signed an agreement to complete the acquisition of the PistonHeads used car retail website from Haymarket Media Group.
BCA Fleet Solutions will manage the appraisal and refurbishment of up to 55,000 BMW UK used cars each year at a newly-opened facility in Corby.
Cambria Automobiles and BCA agreed on a three-year exclusive remarketing deal which will see around 6,000 vehicles a year sold in weekly sales at the Blackbushe auction centre.
Supply constraints triggered by the introduction of WLTP have resulted in used car values that have defied the usual season trends, according to Cap HPI.
BCA Marketplace has “exceeded expectations” with a set of interim results which revealed an increase in UK remarketing revenues of 23.5% during the sixth month period to September 30.
The UK’s fastest selling used car in October has been revealed, by Indicata, as the Ford Kuga.
Hyundai’s Tucson SUV has emerged as Auto Trader’s fastest selling car for October after the 2015 diesel manual variant took an average of just 19 days to leave car dealer’s forecourts.
Fleets will continue to delay disposal of their vehicles until next spring as many await an end to the emissions taxation uncertainty surrounding WLTP, ADESA Remarketing has said.
A survey conducted by NextGear Capital and Cox Automotive has revealed that more than half of used car retailers use a stock funding facility to fill their forcecourts.
The growth in used car retail prices reached its lowest point since August 2017 as online enquiries reflected a surge in interest in electric vehicles (EVs) and hybrid vehicles, according to the Auto Trader Retail Price Index.
Franchised dealers sold used cars faster than independents in October 2018, although they carried 40% more stock, according to the latest figures from Motors.co.uk.
Motorists' increasing use of underhand tactics to ensure the residual value of their vehicles has led to a record number of clocked cars on UK roads, according to data published by the Local Government Association (LGA).
The British Independent Motor Trade Association (BIMTA) has claimed that as trend towards rising wholesale used car values has been compounded by the UK market’s biggest vehicle export drive in more than 20 years.
Startline Motor Finance has warned that an uplift in used vehicle prices prompted by WLTP-sparked new car shortages “will not resolve quickly”.
BuyaCar.co.uk has hailed the simplicity, fairness and transparency of online retail as the key to its 53% used car sales growth in Q3 2018.
Vertu Motors’ Vertu Specialist Cars operation has four new recruits to its premium car showroom in Newcastle.
Luscombe Motors will expand its used car operations and could be set to introduce a third franchise following the acquisition of a “blank canvas” site which adds 50% more retail space for the business.
Car retailers are preparing to accelerate their investment in used car sales for as the sector shows “no signs of slowing in Q3”, according to a survey carried out by Manheim.
Cartime has begun the transformation of a former Aldi supermarket in Rochdale to create its latest used car showroom.
Used car sales in the UK reached near record highs in the period July to September.
