Mercedes SUV tops used profit ranking
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.
Early signs of positive 2024 in used market
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.
Aston Barclay appoints new group EV Lead
Albert Parnell’s appointment represents another investment in buyer engagement from the group, following the introduction of Buyer Executives at each site. He will be on site for every EV sale, ready to support buyers with any questions they, or their customers, may have.
carwow restocks forecourts with £1.4 billion-worth of used cars
In the first half of 2023, the total number of individual dealers making bids rose by 42%, and the total number of offers made by those dealers increased by 99%. Even more of those bids are turning into transactions, with dealer purchases from online auctions in the first half of 2023 growing by 60% compared to the second half of 2022.
Westdrive Kia and Mazda sign remarketing partnership with BCA
Westdrive is a family owned business based in Braintree, Essex, offering new Kia and Mazda cars as well as a broad range of used stock. Westdrive operates one of the largest Kia dealerships in the UK and has been awarded Kia Platinum Status for three years running.
Dealers avoid high value used cars due to inflationary pressures
Eight out of the ten used cars in the March desirability index are higher value premium used cars with dealers protecting their cashflow by only bidding on these cars to fulfil sold orders.
BCA continues to ease the digital buying experience
Multi-vehicle booking on deliveries have been introduced online to help customers making multiple purchases, introducing efficiencies and ensuring purchased stock arrives as quickly as possible. Up to ten vehicles can now be booked for delivery in a single online booking journey, including vehicles sourced from different pickup locations across the country.
A game of chess – why dealers value physical auctions
With in-demand small vehicle stock exceeding CAP Clean value commonly, regardless of mileage, gauging the time and cost of any remedial or preparation work, has a precise bearing on a buyer's bidding capability.
Partnership agreement sets sights on long term collaboration
New deal will see independent group sell all remarketing stock from its four retail sites and its car buying service, IsYourCarAvailable.com – estimated to be up to 12,500 cars per year - through Manheim Auction Services. It also paves the way for a closer partnership between the two businesses, with Cox Automotive set to support AvailableCar deliver on its ambitious plans.
SVA teams up with V12 Vehicle Finance to support trade buyer activity
SHOREHAM Vehicle Auctions (SVA) has teamed up with V12 Vehicle Finance, powered by Secure Trust Bank, to provide trade buyers with a seamless used vehicle proposition for wholesale funding. The move enables SVA to help buyers to source, fund and finance vehicles faster, and more efficiently than ever before. Providing wholesale stock funding to SVA buyers, V12 Vehicle Finance's unique [...]