The Vehicle Remarketing Association (VRA) has called for Government to introduce new incentives to support motorists looking to adopt zero-emission transport through the purchase of a used electric vehicle (EV).
A “busier than expected” start to 2023 continued to drive the used car sector’s imbalance between supply and demand – propelling values to a record £18,937 on eBay Motors.
Former Motorpoint operations director Paul Winfield has died, aged 68, prompting a flurry of tributes to an “inspirational” and “lovely human”.
The automotive sector’s new car supply “squeeze” has been blamed for an 8.5% decline in used car sales during 2022 – with margins remaining strong as retailers struggled to source stock.
Strong demand for Volvo’s XC90 and the Renault Kadjar in January singled the two SUVs out for praise in Dealer Auction’s Retail Margin Monitor analysis as Jaguar Land Rover (JLR) products continued to reign supreme.
Cazoo has completed a ‘reverse stock split’ process to merge its share capital in bid to boost trading values on the New York Stock Exchange (NYSE).
Manheim Auction Services has raised a further £20,467 for children’s charity Make-A-Wish UK with a special auction of donated vehicles and other items.
Stellantis-owned Aramis Group has bucked the trend for used car refurbishing centre closure with the opening of a new 15,000 square metre facility in Hull.
Is encouraging the scrappage of roadworthy cars – even ones that don’t meet certain emission standards – the right way to go about improving air quality in urban areas?
Used car prices have continued to climb, reaching the 34th month of consecutive growth, according to Auto Trader.
Luxury used car retailer Autovogue has ceased trading after blaming “failing used Jaguar Land Rover vehicles” for its faltering financial fortunes.
Sales of new and used cars fell by 13% in a “conflicting” January, when compared to the same month last year.
Motorway has asserted that it has “significant funding reserves” to drive further growth after more than doubling its used car sales revenues to £1.7 billion in 2022.
Premier Car Supermarket has expanded into Kettering with the completion of the new facility on a 3.55-acre site at Cransley Park.
Almost half of in-market car buyers lack faith in the approved-used car programmes offered by dealers and manufacturers.
A festive rush to stock petrol and diesel cars triggered 25% sales growth at UK auctions as consumers cooled on the idea of buying a pre-owned electric vehicle (EV).
Dealers and remarketing firms need to increase their investment in vehicle reconditioning to ensure older vehicles meet the expected retail standard.
Motorpoint chief executive Mark Carpenter has insisted the car supermarket group will succeed in its goal of becoming a “highly profitable market leader” despite faltering finance commissions and used vehicle margins.
The average price of a used car advertised for sale on Auto Traders has reached a new record high after car retailers started the new year with “real momentum”, it has been claimed.
BCA has entered into consultation with staff over business restructure plans that involve the closure of its vehicle preparation centre closure at Upper Heyford.
