As some carmakers see opportunity in manufacturer refurbishment programmes, a consumer survey has found one in two carbuyers would choose a factory-reconditioned used car over current approved used vehicles.
Used car dealers will need to offer a high level of reassurance to ‘vulnerable’ buyers as used cars become older and more expensive in 2023.
Auto Trader expects used car values to rise in early 2023 after remaining flat in the traditionally weak festive trading period.
Used car dealers are concerned that they will not be able to secure stocking finance for the new wave of electric vehicles (EVs) from China, when they reach the used market.
Consumer car finance registered growth for only the fourth time in 2022 as the sector delivered a 4% uplift by volumes and 9% by value.
The continued shortage of new vehicles and demand for used ones has left car dealerships with a dilemma.
Car buying journeys are likely to become longer more complex in 2023, as the cost of living crisis affects consumer behaviour.
Auto Trader has raised concerns that the electric vehicle (EV) market is faltering after the cost-of-living crisis sparked the first post-pandemic decline in demand for zero-emission transport.
Independent garage labour rates are rising quickly, but future bookings have fallen sharply.
Stock shortages are expected to trigger a 3% decline in used car sales during 2023, despite a 19% uplift in new car registrations, according to Auto Trader.
One-in-10 British drivers (10%) have been a victim of fraud when buying a car, research by Close Brothers Motor Finance has shown.
Over half (50.8%) of car buyers in the market are looking to place an order or buy a vehicle before the end of 2022, research by What Car? has found.
Armed forces and public sector workers will benefit from a £500 contribution to their next used car as part of a limited-time offer from heycar.
In his latest column for AM, Volkswagen Financial Services UK CEO Mike Todd suggests the automotive sector enters the new year in more resilient form than than ever before.
Used car retailers were urged to be aware of the “risks around affordability” as motorists seek out older, more affordable cars to mitigate against the continued rise in values.
Motorway has appointed former Sky TV and Now TV marketing expert Rachael Halliday into the newly-created role of brand marketing director.
Used car values declined 0.4% month-on-month but remained 45% ahead of pre-pandemic “norm” during November, according to the latest data from Auto Trader.
A WeBuyAnyCar complaint to the Advertising Standards Authority (ASA) has resulted in a ban on Motorway TV and radio adverts which claimed it could offer motorists “up to £1,000 more” for their used car.
Car retailers will need to brush up their knowledge of car manufacturers’ advances in electric vehicle (EV) battery technology advances to avoid a slump in value set to impact so-called ‘black cars’.
An outraged Motorpoint customer has told The Sun newspaper how her daughter’s Ford Fiesta was driven 22 miles during a service appointment with Motorpoint.
