Motor Trade News delivers crucial news and reports for both the franchise and non-franchise UK Motor car dealer network.
The Mercedes-Benz GLC topped the list of used vehicles with the greatest profit potential purchased through daily online auctions conducted by Carwow in the final quarter of 2023.
Used light-commercial vehicle prices have started 2024 with positive signs of recovery, according to major auction house BCA.
South-west automotive retail group Vospers has made major changes to its head office motor park at Marsh Mills in Plymouth, as the group strengthens its relationship with Stellantis Group.
Electric vehicles (EVs) produced disposal conversion rates very close to their petrol and diesel equivalents in 2023 and ahead of plug-in hybrids (PHEVs), according to automotive e-commerce specialist epyx.
Carwow Group has appointed Gaurav Jain and Dean Ashton to senior management team posts to support the online car sales group's international growth ambitions.
Signs that the UK used car market will continue its strong growth in 2024 have been reported by Manheim Auction Services following healthy trading in January.
The advent of the agency model, where car manufacturers take ownership of distribution, has been a dominant trend in the car retail market as more and more brands consider making the switching.
Although signs of economic recovery are emerging and inflation is beginning to slow, many household budgets remain tight. To afford a new vehicle, one in six (16%) drivers will turn to car financing, 8% will use a personal loan and 6% will lease their next car. Meanwhile, three out of five drivers (61%) plan to pay for their next car with cash upfront.
Combined with Carwow’s content, which includes its YouTube channel that generated over 1.1bn video views in 2023, the acquisition significantly expands Carwow’s audience reach. It will add to Carwow’s advertising and e-commerce capabilities for its car manufacturer and dealer partners, to help meet growing digital demand.
One spell covering some six weeks and well over 1,000 miles saw an mpg return of 148.5! On a longer 250+ mile round trip with the petrol engine doing all the work, the Suzuki returned 44.8mpg which is nothing to be sniffed at. Overall, the return over the full 2,121 miles averaged out at 95.06mpg while the battery consumed an average of 2.8 miles per kWh
