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Used car market shows signs of settling
- 03/03/2022
- Posted by: Alan Feldberg
- Category: News
The used car market has made a steady but unspectacular start to the New Year, according to BCA’s latest data. External economic pressures and the cost-of-living squeeze are affecting consumer demand and the strong performance typically seen in the early weeks of the New Year has simply not materialised in [...] -
Repairify confirms AMT acquisition
- 23/02/2022
- Posted by: Alan Feldberg
- Category: News
Repairify has announced the acquisition of AutoMobile Technologies (AMT), a leading provider of enterprise-grade used vehicle reconditioning software. AMT’s technology helps automotive reconditioning providers replace paperwork, enforce processes, and gain instant visibility into business operations regardless of [...] -
Car finance market rallies in 2021
- 15/02/2022
- Posted by: Alan Feldberg
- Category: News
New figures released by the Finance & Leasing Association (FLA) show that the consumer car finance market reported new business volumes up by two per cent in December compared with the same month in 2020. Throughout the year, new business volumes grew by nine per cent compared with 2020 to almost 2.1 million [...] -
Used car market rallies in 2021
- 09/02/2022
- Posted by: Alan Feldberg
- Category: News
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). It found that 777,997 more cars changed hands than in 2020, a year which was even more badly affected by Covid lockdowns and unsettled [...] -
Volvo launches online sales platform
- 08/02/2022
- Posted by: Alan Feldberg
- Category: News
Volvo has launched of the UK’s first online platform for the sale of approved used cars, direct from the manufacturer. Volvo Cars Selekt Direct allows consumers to search for, select and pay for the premium Volvo Selekt approved used car they want in a full, end-to-end service. Designed for ease, speed and [...] -
Used car prices rise for 22nd straight month
- 07/02/2022
- Posted by: Alan Feldberg
- Category: News
The latest Auto Trader Retail Price Index has reported that the average price for used cars rose to £18,067 in January. It was the 22nd consecutive month of price growth and represented a remarkable 31.3% year on year growth on a like-for-like basis. This massive price growth continues to be fuelled by the [...] -
Aftermarket facing £1.3bn shortfall
- 03/02/2022
- Posted by: Alan Feldberg
- Category: News
The fall in new car volumes over the last three years is set to hit aftersales revenues significantly, according to new research. According to REALtime Communications, the net result is a forecast shortfall of £1.3bn in new car servicing revenue over the next four years. REALtime's insights and data director [...] -
EVs dominate fastest-selling used cars
- 17/01/2022
- Posted by: Alan Feldberg
- Category: News
According to the latest data from Auto Trader’s Fastest Selling Index, the 2016 Nissan Leaf was the UK’s fastest selling used car in 2021, taking an average of just 17 days to leave forecourts. It marks only the second time a fully electric vehicle (EV) has topped the annual top 10 list during the seven years [...] -
BCA Christmas sales up 25%
- 13/01/2022
- Posted by: Alan Feldberg
- Category: News
BCA has reported that its festive programme of online sales attracted over 2,500 different buyers and sold nearly 25% more than the same week year-on-year. There was particularly strong buyer activity for used vans, with over 400 different LCV buyers purchasing between Christmas and New Year, underlining the [...] -
Drivers dismiss used car checks
- 22/12/2021
- Posted by: Alan Feldberg
- Category: News
Only half of drivers (54%) check the service history and MOT documents before buying a used car, while only a third (36%) carry out a history check. This is according to new research from AA Cars, the AA’s used car website. Its poll of more than 15,000 drivers found that most fail to carry out even basic checks [...]