Stocking
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Retailing 14 DecApplying science to used car stocking
AM Live 2023 heard how the best used car retailers are battling stock shortages by pairing their buying experience with intelligent data. Andy Whitehair, chief executive of Autofinity, chaired the session which saw Alex Jones, chief operations officer at used car group Carbase, Craig Petty, sales director at AM100 dealer group Hatfields and Neil Smith, chief executive at consultancy Motorvait, offer their insights.
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Market Insight 3 OctNew drivers likely to spend average £4,000 on first car
Franchised dealers avoiding older, cheaper cars are missing out as Young people about to sit their driving tests are preparing to spend an average £4,124 on a used petrol manual car.
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Used car 4 AugAffordable ULEZ compliant runabouts that Home Counties car dealers should stock up on
With London offering a £2,000 scrappage incentive to encourage city dwellers to scrap their oldest cars that won't be compliant with the expanding ULEZ ultra low emission zone, used car dealerships could be poised to tempt them with cheap replacement runabouts.
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Used Cars 27 AprUsed car prices declined just 1% despite April dip in consumer demand
Used car prices declined by 1% during April as Easter holidays delivered a seasonal drop in demand, Cap HPI has reported.
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Used Cars 21 AprFall in used EV prices ‘breathed life into the market’, says Indicata
The used car market’s supply of electric vehicles (EV) has fallen 59.1% (100 days) in 2023 thanks to a reduction in prices, according to Indicata UK’s latest Market Watch report.
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Market Insight 19 AprWholesale used car values rise after ‘better than expected’ Q1 trading
Used cars ended Q1 with a third successive month of rising values at BCA auctions after what chief operating officer Stuart Pearson described as a “very encouraging start to 2023”.
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Used Cars 21 MarCompetitive pricing promises demand for Chinese EV brands at used car auctions
Competitive pricing will help drive demand for emerging Chinese electric vehicle (EV) brands when they reach UK auctions as used cars, according to Aston Barclay.
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Used Cars 20 FebAuto Trader diagnoses used car sector’s ‘robust health’ after February value rise
Auto Trader has diagnosed the used car retail sector with “robust health” after reporting a 0.7% rise in the average value of a vehicle during February trading.
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Used Cars 14 FebEnd in sight for used EV price decline 'pain', says Cap HPI
Car retailers who suffered “significant pain” as a result of a recent slump in used electric vehicle (EV) values could soon be seeking out zero emission forecourt stock once again, according to Cap HPI.
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Used Cars 13 FebUsed car values reach record £18,937 high on eBay Motors
A “busier than expected” start to 2023 continued to drive the used car sector’s imbalance between supply and demand – propelling values to a record £18,937 on eBay Motors.
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Used Cars 9 FebVolvo XC90 and 'underdog' Renault Kadjar deliver strong margins in January
Strong demand for Volvo’s XC90 and the Renault Kadjar in January singled the two SUVs out for praise in Dealer Auction’s Retail Margin Monitor analysis as Jaguar Land Rover (JLR) products continued to reign supreme.
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Used Cars 7 FebStellantis-owned used car supermarket group opens Hull refurb centre
Stellantis-owned Aramis Group has bucked the trend for used car refurbishing centre closure with the opening of a new 15,000 square metre facility in Hull.
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Supplier News 2 FebMotorway doubled its used car sales revenues to £1.7bn in 2022
Motorway has asserted that it has “significant funding reserves” to drive further growth after more than doubling its used car sales revenues to £1.7 billion in 2022.
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Used Cars 31 JanRetailers impose used EV stocking ban as values slump
A festive rush to stock petrol and diesel cars triggered 25% sales growth at UK auctions as consumers cooled on the idea of buying a pre-owned electric vehicle (EV).
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Market Insight 16 Jan
Used EV nerves intensify as values decline four times faster than diesel
Stock starved car retailers are avoiding used electric vehicles (EV) as zero-emission vehicles continue to decline four times faster than their diesel-powered equivalents.
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Used car 14 DecRetailers navigate mistrust and short supply to fine-tune used car stocking strategies
The continued shortage of new vehicles and demand for used ones has left car dealerships with a dilemma.
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Used Cars 5 Dec
Used car retailers alerted to ‘risks around affordability’ as prices continue to rise
Used car retailers were urged to be aware of the “risks around affordability” as motorists seek out older, more affordable cars to mitigate against the continued rise in values.
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People News 2 DecMotorway appoints Now TV's Rachael Halliday as brand marketing director
Motorway has appointed former Sky TV and Now TV marketing expert Rachael Halliday into the newly-created role of brand marketing director.
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Supplier News 30 NovWeBuyAnyCar complaint results in ban for Motorway TV and radio adverts
A WeBuyAnyCar complaint to the Advertising Standards Authority (ASA) has resulted in a ban on Motorway TV and radio adverts which claimed it could offer motorists “up to £1,000 more” for their used car.
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Opinion 31 OctCar retailers must not fail to prepare for positive 2023 during Q4, opinion
Dealerships need to use the quieter Q4 period to ensure staff are fully prepared to meet an expected Q1 upswing – which could signal a move towards the return of something approaching normality.
