More than half of auto retailers say they disagree with the proposed reinstatement of the 2030 ban on the sale of new petrol and diesel cars, reveals Auto Trader research. The new Labour government vowed to reinstate the ban on non-hybrid ICE cars, after the Conservative government pushed it back in October 2023. The research comes as […]
Read More →Cazoo to Exit Car Retailing, De-List and Become a Marketplace Cazoo will cease to be a used car retailer, de-list from the New York Stock Exchange and attempt to become a rival to Auto Trader, Carwow and Motors. In a stock market statement yesterday, Cazoo said: “The Cazoo board has reviewed the strategic options for […]
Read More →IM Group MD William Brown, Auto Trader commercial director Ian Plummer and Urban Science MD Chee-Kiang Lim highlighted the significant new auto retail opportunity represented by new Chinese car brands entering the UK in the latest Auto Retail Live webinar. The session ran to mark the release of the Auto Retail New Entrants Report, and […]
Read More →All Auto Trader retailer partners are to enjoy free valuations data through the Auto Trader Connect platform as part of their standard packages. Auto Retail Agenda has revealed the new benefit will be included from April 2023 but early access will be provided from 1 November. Described as “the industry’s most accurate pricing data,” COO […]
Read More →The BBC has reported on the “boom” in online car sales in a widely-read online piece. Cazoo boss Alex Chesterman stated that online and offline retailers can still coexist. “We are at less than 2% digital today and maybe we get 20% digital in five years. That still means 80% of the world carries on […]
Read More →Auto Trader announced its annual retailer awards digitally on 23rd October. Franchised retail group, Luscombe Motors, has repeated its 2018 victory in the awards. They are winners of the Retailer of the Year prize for businesses selling over 100 cars. Cedar Specialist Cars was named Retailer of the Year for businesses selling under 50 cars. […]
Read More →Auto Trader’s audience reached 64 million in June 2020, up 29% on 2019. Used car prices on the platform also grew 3.7% in June 2019. This is the largest monthly increase since January 2019. The biggest gain was for cars aged 5-10 years, which rose 7.0%, with cars below 5 years up 3.0%. It is […]
Read More →Auto retailers have reported a rebound in sales during the first week of car showrooms being open in England after being shut since the last week of March. Several retailers reported a positive week with pent up demand seeing sales do better than cautious expectations. Auto Trader agreed with the trend and reported record visits […]
Read More →Leading franchised retail groups and sales platforms are reporting a rise in activity and vehicle sales. This follows PM Boris Johnson’s confirmation that car showrooms should be able to reopen from 1 June. Vertu’s Robert Forrester said last Friday’s retail orders were “well over 100… best since lockdown started”. He confirmed very strong demand in […]
Read More →Auto Trader has launched a new service enabling franchised car retailers to advertise their entire stock of brand-new unregistered cars. The service will be free and available until early 2019. It’s estimated that approximately 100,000 brand-new unregistered cars in the UK are not being actively advertised online. These vehicles are essentially hidden from potential car-buyers who often […]
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