NEWS

USED car sales in 2009 plunged to their lowest level in almost a decade reports data expert Experian. A drop of 5.7 percent saw 6,798,864 used cars sold in 2009. This is comparable to 2000, says Experian, when 6,713,269 used cars were sold – and is a culmination of sales that fell every singe quarter [...]

MANHEIM has predicted 2010 will be a positive year for used car retailers as the recovery continues. However, it has also warned car dealers to start preparing now for future challenges in the used car market. Weak registrations in 2008 and 2009, it explained, will limit the use car pool in 3 to 4 years’ [...]

NUMBERS of car dealers going bust halved in January over December 2009 – and are 44 percent lower than January 09. Experian has revealed that 0.08 percent of automotive industry businesses became insolvent in January 2010. The figure has not been this low since December 2008, providing further evidence that the car industry is beginning [...]

BCA Nottingham last week recorded a £3.6 million prestige car auction spend in just a few hours of trading. This has led BCA director Tony Gannon to declare the recession a thing of the past – supported by the UK’s official emergence from recession after 18 months. The Top Car auction at Nottingham generated the [...]