NEWS

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 [...]

TOYOTA GB has signed its entire car dealer network to the findsyoucars.com qualified car buyer leads service. This comes after a research period that proved the high number of leads provided by the service. These are fully qualified and quality leads, said Toyota’s vehicle remarketing manager Iain McCall – and the fact the service is [...]

AFTER a depressed few months the used vehicle market is back on the up, reports one vehicle remarketing company. Yorkshire-based G3 Remarketing says realistic valuations by vendors are the reasons for the used car market’s signs of recovery. G3 Remarketing Director Matt Dale said: ‘Vendors have to assess what is more important. Should they aim [...]

JCT600 has started work on a £750k rebuild of its iconic Rawdon Roundabout site in West Yorkshire. Known as the ‘JCT roundabout’, the entire 20 year old site is being demolished and reconstructed. The rebuilt site will launch the new PriceRight concept, which the firm describes as a standalone outlet-style concept ‘designed in response to [...]

MAZDA has rebranded its franchise dealer used car scheme, which is now known as Mazda Approved Used Cars. The rebranding has been driven by more customers being willing to buy online. It replaces ‘Zoom Zoom +’ and the majority of the Mazda UK dealer network has already signed up. Mazda says it has invested big [...]

USED car values at auction fell in May with fleet cars leading the drop due to a 5.6 percent downturn. BCA’s latest results show the average used car was worth £300 less, at £5656. Year-on-year values are also down by more than £100; the first time they have started to fall since February 2009. BCA [...]

USED car prices will get a double whammy hit because of the Pre-Budget Report, warn experts. Analysts at Honestjohn.co.uk say the hit will be caused by January’s seasonal bounce combining with oft-overlooked used car VAT payments. ‘Many people think that once VAT has been paid on a new car, that’s it,’ said editor Daniel Harrison. [...]

HARRATTS Motor Group has launched a new used car dealer site offering part-exchange motors to the public. The auction-price cars will be sold from a dedicated forecourt at its car dealer in Barnsley. At least 40 cars will permanently be offered, as the car dealer bypasses the traditional PX-to-auction route. The public will be allowed [...]

USED car prices may be mirroring current house price trends, by once again beginning to rise. As with the housing market, the root cause of this is identical – lack of supply, coupled with rising demand. Online retailer carsite.co.uk reckons some three year old cars have risen in value by 10 percent since spring alone. [...]

FIAT is really enjoying a party season right now – this week, there’s been another big event for the Italian maker. Fresh from a successful bash in Guernsey, which saw dealer Le Saint Mont launch the Fiat 500 C, another celebration has been staged. Fiat Direct has just held a VIP champagne reception to mark [...]

CAR Dealer Magazine has already reported on the Office of Fair Trading’s planned survey into used car sales. It seems the investigation is now underway – and the Government body has contacted us, to appeal for help! The OFT will be contacting ‘a large number’ of car dealers over the coming weeks. Wherever possible, it [...]

CAR dealers have been warned to advise buyers of a huge multi-million pound car buying scam. £3 million is said to have been lost by customers so far – with 1600 private sellers of second-hand cars losing up to £100 each. They have recorded complaints with a government website, which has led to the OFT [...]

USED car sales are to be investigated by the OFT, Car Dealer Magazine learns, after complaints rocket. The body wants to understand why so many complaints are arising – and is focusing its attention on CAR DEALERS. Results of the investigation may even lead to tightened legislation and stricter enforcement. The surprise announcement follows over [...]

GOVERNMENT must not forget the used car market when formulating its plans for a scrappage scheme. The BVLRA has said, in a meeting with Treasury Minister Angela Eagle, that Government must ensure incentives are in place which include used vehicles meeting a set emissions standard. It has pointed to failings of the much-lauded German scrappage [...]