• New service broadens Auto Trader stock

    • 3 August 2021
    • Posted by: Alan Feldberg
    • Category: News
    Auto Trader has broadened its service to offer retailers access to vehicles sourced directly from consumers This includes private stock advertised on its marketplaces, part exchanges, and private sales made through its customer-facing instant cash offer on the Dealer Auction platform Auto Trader expects its new [...]
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  • Recovery continues in car finance market

    • 2 August 2021
    • Posted by: Alan Feldberg
    • Category: News
    New business volume in the consumer car finance market grew 12% in June compared to the same month in 2020 This is according to figures released by the Finance & Leasing Association (FLA) It also reported that new business volumes were 31% higher in the first half of the year than in the same period in [...]
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  • Used car prices continue to soar

    • 23 July 2021
    • Posted by: Alan Feldberg
    • Category: News
    Strong consumer demand is still driving record used car price growth According to Auto Trader analysis based on 400,000 used vehicles currently advertised on its marketplace, the average price of a used car increased a massive 126% year-on-year on a like-for-like basis last week It not only marks 63 weeks of [...]
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  • Cinch strengthens management team

    • 16 July 2021
    • Posted by: Alan Feldberg
    • Category: News
    Online used car marketplace cinch has bolstered its team with two new appointments It has named Leanne Thames as operations director and Amy Townsend as senior marketing director Thames joins from BMW, where she was head of used cars and internal sales, while Townsend has extensive experience in high-growth [...]
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  • Allianz develops digital portfolio

    • 9 July 2021
    • Posted by: Alan Feldberg
    • Category: News
    Allianz Group is investing further in digital business models by announcing it will become the insurance partner of heycar for the next five years Heycar, owned by Mobility Trader Holding, is a digital platform for used car sales and add-ons such as warranty and flexible purchasing options like financing or [...]
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  • Retail sales surge past pre-pandemic levels

    • 21 June 2021
    • Posted by: Alan Feldberg
    • Category: News
    Retail sales in May were up 14% on the same month in 2019, with that momentum continuing and even growing into June According to Auto Trader, the 14% rise in May increased to 15% in the first week of June It attributes these strong figures to myriad factors, not least of which is the 17 million ‘lost’ [...]
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  • BCA announces key contract renewal

    • 11 June 2021
    • Posted by: Alan Feldberg
    • Category: News
    BCA has renewed what it claims is one of the biggest volume contracts in the used automotive sector  It has extended its contract to supply a range of key services to Lex Autolease, including vehicle remarketing for Lex Outsourced Solutions and Black Horse, inspect and collect services at end of contract, V5 and [...]
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  • Carzam names new CCO

    • 9 June 2021
    • Posted by: Alan Feldberg
    • Category: News
    Carzam has appointed Audi fleet boss James Buxton to its senior leadership team as chief commercial officer Carzam CEO Kirk O’Callaghan said: “James possesses in-depth knowledge of the fleet market having most recently been responsible for returning Audi to the number one position in the UK’s fleet market He [...]
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  • Used car prices accelerate through May

    • 4 June 2021
    • Posted by: Alan Feldberg
    • Category: News
    Used car prices were up more than eight per cent on a like-for-like basis in May, compared to the same month last year This is according to the Auto Trader Retail Price Index, which analysed data from about 900,000 vehicles It found prices were 81% higher in May, which was the 14th consecutive month of price [...]
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  • RAA extends cap hpi partnership

    • 2 June 2021
    • Posted by: Alan Feldberg
    • Category: News
    The Retail Automotive Alliance has extended its partnership with cap hpi The Retail Automotive Alliance is the UK’s only joint venture purchasing organisation of 27 motor dealer group members All 27 members voted in favour of the partnership, meaning they will benefit from cap hpi’s extensive set of accurate, [...]
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