Carwow has raised $39 million (£29.7m) through a round of financing which will be used to further accelerate growth in the UK and internationally.
A used car dealer who failed to pass on £174,450 of proceeds from five cars sold as part of ‘sale or return’ agreements has been disqualified from acting as a director for ten years.
BCA Marketplace profit before tax boosted to £41.1 million and group revenue has increased from £1.2 billion to exceed £2bn.
Used car prices “bucked the trend” for a July decline to remain at their most stable rate since 2012, according to Cap HPI.
Integration of Dealer-Auction.com and Motors.co.uk will enable dealers to rapidly list newly bought stock, according to Cox Automotive.
The average used car selling price in the UK increased by 4.2% in June to £5,392, according to the latest figures from NAMA.
The used car market looks to be on track for a record year after a bumper H1 saw 3.3 million vehicles sold by the end of June – an increase of 01% on 2016.
Perrys has renewed its exclusive remarketing relationship with Manheim for its part-exchange vehicles.
The average price of used cars sold through Autorola UK’s online remarketing portal fell by £394 in Q2 2017 to £9,237 after its record breaking Q1 figures of £9,621.
Car dealers have been urged to make mileage investigations "an integral part of their business" after a Cap HPI survey uncovered growing concern about growing clocking and mileage discrepancies in the past 12 months.
The Car People has officially opened its new £13 million car supermarket site in Warrington, targeting 4,000 sales in its first year of trading.
A shift in the selling price of used cars helped average used values to rise 5.2% in June within Cox Automotive’s wholesale and retail businesses.
Jardine Motors Group has increased its Audi footprint with the transformation of a former Mazda dealership into an Audi Approved used car centre.
The Warranty Group claims that comprehensive warranties will be an essential component in customer acceptence of used hybrids and electric vehicles.
A loss of £17,000 was experienced by the average UK motor retailer in May – a result £7,000 down year-on-year.
Harwoods has renewed its exclusive remarketing partnership with BCA.
BCA's monthly Pulse report stated that there were "no surprises" during JUne as the average price of a used car fell by just 0.74%.
A trio of serial new start-up specialists have launched Motorway.co.uk, the UK’s first price comparison service to help motorists get the best price for their used car.
A used car dealer who left 17 customers out of pocket to the tune of £95,000 has been banned from acting as a company director for seven years.
Many motor retailers say they would like to emulate Apple or John Lewis, but to do so would require radical change
