NEWS

THE managing editor of Glass’s has declared the used car market to be in a state of nervous anticipation. Adrian Rushmore has said that the used car market could well be experiencing an ‘extended period of calm before a short storm in November,’ and has made predictions for the months ahead. With year to August [...]

CAP has released its latest video which gives an update on the condition of the used car market in September. in the form of a video. It’s the third video from the firm which outlines the state of the UK’s used car market. In the video, CAP Black Book’s editor, Tim Bearder, says: ’This month, one of [...]

Former car salesman Duncan Chappell takes the reins of our 911 for 2011 bid Cast your mind back to the last issue and you’ll remember our 911 for 2011 update saw us post a small profit off the back of three car sales. As the former car salesman of the Car Dealer team I knew there had to [...]

Car Dealer and TV’s Mr Wheeler Dealer Mike Brewer are launching a unique used car awards for 2012. Aimed at celebrating the very best in the used car industry, the Wheeler Dealer Used Car Awards will be powered by Car Dealer – and will be open for dealers of all shapes and sizes To be [...]

AVERAGE used car sold values fell in April for both used cars and commerical vehicles BCA’s latest pulse report shows. Both volume sectors of fleet/lease and part-exchange cars experienced price falls in April, and sold volumes also declined month on month and conversions fell dramatically. Values across the board fell to £5,626 in April, from [...]

THE National Association of Motor Auctions has published their used car market commentary for March. The price of all used cars sold at auction fell by two per cent from £6k to £5,875 between February and March this year. Month-on-month auction sales increased by more than 15 per cent to just under 94,000 units. Sales [...]

A ‘CONTINUED shortage’ of used cars has pushed the average used car price up by eight per cent says Auction4Cars. New figures from the fee-free car auction website revealed prices had increased to £3,257 last month. However the auction firm is experiencing quite the opposite. The website is currently selling over 400 cars a week, [...]

FORD Retail Group has reported strong preliminary results for the year ending December 31, 2010. The results show that the company maintained a strong trading performance, achieving a £1.1b turnover and £10.9m pre-tax profit. Total units sold amounted to 77,353 (down on 2009’s 88,053) with new cars accounting for 24,122 (27,332 in 2009) and used 25,905 units [...]

A NEW valuation tool offering real time short-term used car trade price forecasts has been launched by CAP. Called Black Book+, the valuation tool reveals short term used car pricing risk by providing a one – three month forecast to assist traders buying or selling used cars. CAP says dealers using Black Book+ will be reducing [...]

THE upcoming March plate change is good news for the used car market – that’s the belief of vehicle auction house BCA. It’s news that dealers will want to hear as a shortage of quality, used cars has been affecting the market for the past few months. ‘New car sales for the March plate change [...]

2011 will see a ‘fairly’ buoyant used car market believes automotive data providers KeeResources. The firm predicts the used car market will remain buoyant due to there being more buyers than cars. However, KeeResources says this is dependent on buyers gaining access to necessary funding. Managing director of KeeResources, Denis Keenan, said: ‘Clean two to [...]

A HUDDERSFIELD-based dealership is celebrating following news that 2010 had been its most successful year ever. 2010 saw Harratts Volvo Huddersfield smashing previous records and boosting overall sales of new and used by 50 per cent. Sales of used cars more than doubled 2009’s figures increasing by 116 per cent, while new car sales increased [...]

VAUXHALL is making second owners feel just as looked after with a new lifetime warranty for used cars. After the introduction of its Lifetime Warranty to new car owners earlier this year, the firm is now making the warranty available on used cars. The lifetime cover applies to the second owner of any Vauxhall purchased [...]

2010 saw wholesale used car values fall by more than 4 per cent, latest figures from Manheim Remarketing reveal. The firm’s ‘Market Analysis for Cars’ reveals that values fell by 4.4 per cent when compared to 2009. Average age increased by three months to 51 months, average mileage rose by 4,009 to 53,605, and dealer [...]

SUPPLY constraints will push up trade values in early 2011 according the January edition of Black Book. The January edition of Black Book reports that December’s exceptionally high auction conversion rates – the month saw rates tipping 90 per cent; a normal average would be 50 per cent – were fuelled by an appetite for [...]

THE number of used cars sold on finance rose for the fourth consecutive month according to the FLA. While new figures published today by the Finance & Leasing Association reveal that used car finance increased, the numbers of new cars sold on finance dropped. Used cars sold on finance rose by 7 per cent in [...]

BCA has reported that the current wintery weather is pushing used 4×4 prices up as much as 5 per cent. The vehicle auction specialist says they have seen a rise in used 4×4 prices across their auction centres, as 4x4s stop becoming a luxury purchase but a necessary one. BCA’s Tim Naylor said:  ’As the [...]

AUCTION4CARS says average used car prices have risen to their highest level for six months. The car auction website has reported that October saw average prices rise by 11 per cent to £2,745. Auction4Cars’ figures back-up Manheim’s and BCA’s who have reported similar news. Auction4Cars believes their figures are ‘real evidence of a shortage among [...]

DEALER group JCT600 has transformed a former Chrysler, Dodge and Jeep showroom into a used site. The ‘PriceRight’ dealership is based at Rawdon and has taken several months of redevelopment to get ready. Representing a £750,000 investment by JCT600, the outlet is one of Yorkshire’s most prominent used car dealerships, with some 40,000 vehicles passing [...]

USED car finance sales were up by more than a fifth in August, says the Finance & Leasing Association. Latest statistics from the FLA reveal that sales of used cars using dealer finance rose by 21 per cent in August when compared to the same month in 2009. However, sales of new cars to consumers [...]