The time to fix your roof is when the sun is shining, and for the past few months, this has certainly been the case for retailers, with high consumer demand ensuring that even a stifled used vehicle supply is quickly and easily snapped up. However, with consumer confidence declining, we could be set for a perfect storm throughout the next six months where supply and demand are stifled.”
Hopes of material shortages improving in early 2022 have rapidly fallen away and that we are unlikely to see much improvement until at least early 2023. Although the industry has responded well to being remarkably adaptable throughout the pandemic, it must continue to do so while this volatile and uncertain trading climate continues.
Partnership will see MVS recondition up to 6,000 rental buy-back vehicles per year, as well as supporting with new car preparation for an initial three-year period. The agreement coincides with an announcement from Cox Automotive that it will invest into electric vehicle charging points within its Coventry site – something that enhanced the appeal of the business to MG Motor UK.
Group has more than 20 dealer locations across the country and the deal marks the extension of a long-standing and highly successful partnership betweenthe two companies that dates back to 2002.
Week long event will kick off with a 500 strong auction at Manheim Bristol on Monday 8 April, and continue with auctions at Manheim Northampton, Online, Wimbledon, Colchester and Mansfield.
Similar to a consumer price comparison website, the aggregator platforms allows dealers to advertise a delivery online, and gain quotes from hundreds of transport providers.
Renewal of 17-year-old partnership will see 32,000 cars and LCVs pass through the auction company’s lanes over the next four years.
Manheim Leeds will offer up to 100 vehicles each week from the Sytner Car Supermarket Division, which includes both the CarShop and The Car People brands.
As dealers shift focus to the buoyant used car market, Manheim results for December showed a year-on-year increase in average vehicle values to £6,735, while average mileage (61,055) increased by 4.7%.
