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Patience is a virtue for car buyers
- 20/10/2021
- Posted by: Alan Feldberg
- Category: News
Car buyers are prepared to wait as long as a year for a new vehicle, as awareness of the microchip shortage grows. According to research carried out by What Car?, both new and used car buyers are willing to wait for their next car before considering alternatives, with the percentage of people prepared to wait more [...] -
Electric model tops wanted list
- 18/10/2021
- Posted by: Alan Feldberg
- Category: News
Aston Barclay has revealed that an electric car has topped its used car desirability Index for October. It has found that the Hyundai IONIQ was the most in-demand across both its physical and online auction channels. This is the second month running the index has featured a large number of low and zero emission [...] -
BCA renews major remarketing contract
- 15/10/2021
- Posted by: Alan Feldberg
- Category: News
BCA has announced that Volkswagen Group UK has renewed its long-standing remarketing contract. The new three-year contract with the option of a further two-year extension will see BCA handled upwards of 40,000 VWG vehicles a year, supporting brands Volkswagen, Audi, Skoda, SEAT, Cupra and Volkswagen Commercial [...] -
CD Auction announces broader sales programme
- 12/10/2021
- Posted by: Alan Feldberg
- Category: News
CD Auction Group has expanded its programme of sales to five days a week. The sales cover cars and LCVs and take place across the auction's digital channels. Andy Pearce, managing director at CD Auction Group, said: "We've grown our base of vendors significantly through 2021 to now include fleet operators, [...] -
Supply issues stall car sales
- 05/10/2021
- Posted by: Alan Feldberg
- Category: News
The UK new car market has recorded its weakest September since 1998 - despite a record performance for battery electric vehicles. The Society of Motor Manufacturers and Traders (SMMT) has reported that 215,312 cars were registered in the month, a 34.4% fall on September 2020 and down 44.7% on the pre-pandemic [...] -
Car buyers back local dealerships
- 30/09/2021
- Posted by: Alan Feldberg
- Category: News
Nearly three-quarters (74%) of car buyers want to purchase their next vehicle from a local dealer. New research from car buying platform What Car? found overwhelming support for local dealerships, with more than a third (34%) of buyers saying they would buy their next car from their local dealer even if one further [...] -
European sales fall a fifth
- 28/09/2021
- Posted by: Alan Feldberg
- Category: News
Car registrations across 26 European markets fell 18% in August, making the 713,714 units sold the lowest recorded volume in August since 2014. However, year-to-date volume remains higher than last year, with 8,095,419 registered units compared with 7,192,839 registered between January and August in 2020. Felipe [...] -
LCV values up 28% in a year
- 27/09/2021
- Posted by: Alan Feldberg
- Category: News
LCV values at BCA averaged £9,874 in August, the third highest average value on record. Average monthly values now have risen by £2,165 in the past year, equivalent to a 28% increase. Stuart Pearson, BCA COO UK Remarketing commented “Professional buyer interest at BCA continues to be exceptionally strong for [...] -
L&L renews remarketing deal
- 15/09/2021
- Posted by: Alan Feldberg
- Category: News
L&L Automotive Group has renewed its remarketing deal with BCA for a further two years. The Hertfordshire-based Mercedes-Benz, Smart and AMG retailer operates retail centres in Hertford, Bishop’s Stortford, Stevenage and the recently acquired site in Hemel Hempstead. Up to 40 of its vehicles are sold in [...] -
Car finance market drops a fifth
- 09/09/2021
- Posted by: Alan Feldberg
- Category: News
The Finance & Leasing Association (FLA) has reported a fall in new business volumes of 20% in July 2021 compared with the same month in 2020. In the first seven months of 2021, new business volumes were 20% higher than in the same period in 2020. The consumer new car finance market dropped 20% in in the month, [...]