Following fears the new ICE market may slow in the second half of 2024, due to potential sales restrictions from brands eager to meet ZEV Mandate targets, there are fresh hopes used cars could take up some of the slack for retailers. Although Cox Automotive is maintaining its baseline forecast of 7.4m used cars sales in 2024, […]

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Two of the UK’s largest used car supermarkets look set to become one as Peter Waddell’s Big Motoring World is understood to be in the process of buying rival Available Car. Auto Retail Agenda understands that senior staff have been called to a meeting today (Thursday, 31 August) to be told about the takeover. Peter […]

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Used car price growth has started to accelerate again, after 10 months of softening from April 2022’s all-time high of 32.9% growth. Auto Trader data shared exclusively with Auto Retail Agenda shows the average used car value is up 2.3% year-on-year and 0.7% month-on-month. The average used car price is now £17,720. The acceleration “could […]

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The trio of directors who helped drive the speedy growth of Imperial Cars have expanded their Carsa used car dealer group. A brand new showroom has been opened in Bradford. Former Imperial Cars Commercial Director Jon Churcher, Sales Director Mike Hawkins and Sales Support Manager Kelly Beattie have overseen the transformation of the former Evans Halshaw […]

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Despite the worsening economic crisis, used car sales show no sign of deceleration. Mark Carpenter, CEO of Motorpoint, said that he hopes this upward momentum continues into September as increasing new car registrations will ease the strain on the used and nearly-new car sectors and help to reduce prices. He said: “It’s terrific to see […]

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Franchised retailers holding German premium brand franchises have given their manufacturers a hiding in the latest NFDA Dealer Attitude Survey. BMW, Audi and Mercedes formed three of the five-fastest fallers in the summer 2019 NFDA survey in the key question ‘How do you rate your manufacturer overall?’ However, Hyundai fell fastest in the latest survey […]

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The UK used car market got off to a strong start in 2017. SMMT data for Quarter 1 shows a record number of vehicles were sold. 2,133,956 used cars changed hands in the first three months of the year. This is 3.4% more than in 2016 resulting in the biggest-ever volume seen in Q1. Diesel […]

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SMMT has released figures showing Britain’s used car market reached record levels in 2016 with 8.2 million sales.This is an increase of 7.3% on previous year. Meanwhile, 1.8 million used cars changed hands in the fourth quarter, with a 5.5% rise in October. This makes it the second busiest month since the switch to biannual […]

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