Manheim saw average van selling prices pass the £11,000 price barrier in January. It also saw 23% more volume sold compared to January 2021, as vendors attempted to take advantage of strong price dynamics. January 2022 marked the return of a five-figure average selling price for a used van, previously observed from June until October… Continue reading Average van prices pass £11,000 at Manheim as dealers stock less
Author: Motor Trader Online News
Keyloop acquires Canadian DMS provider SERTI
Keyloop has acquired SERTI, a leading provider of Dealer Management Systems (DMS) in Canada. As its sixth acquisition since launching in March 2021, this, Keyloop said, marks another step forward in its commitment to international expansion and reinforces Canada as a priority region for the company. Keyloop already has a presence in Canada following its… Continue reading Keyloop acquires Canadian DMS provider SERTI
Used car values to remain ‘buoyant’ over coming year
Used car values are set to ‘remain buoyant’ over the next 12 months and to remain robust over the next four years. That’s the view of Paragon Bank Motor Finance managing director Julian Rance who said the outlook was positive following an amazing 2021. “I have never seen used cars grow in value to the… Continue reading Used car values to remain ‘buoyant’ over coming year
The used cars with highest retail margin for dealers
Dealer Auction has charted the used vehicles that offer dealers the highest retail margin in the UK. Its monthly Retail Margin Monitor found that the used vehicles attracting the biggest retail margins on its platform in December 2021 were SUVs, making up six of the total top 10. The car that offered the highest retail… Continue reading The used cars with highest retail margin for dealers
Used car stock availability is ‘biggest concern’ for dealers
Used car stock availability and vehicle prices continue to be top challenges cited by car dealers for 2022. New research from WMS Group found that 85% of dealers are concerned over the availability of used car stock and 71% over high pricing. The research is captured in WMS’ new ‘From the Forecourt’ mini-report ‘Adapting to… Continue reading Used car stock availability is ‘biggest concern’ for dealers
Sherwoods Motor Group acquires Sunderland Citroen dealership
Sherwoods Motor Group has taken over Citroen dealership Town Centre Automobiles, in Sunderland The history of Town Centre Automobiles dates back to December 1977, with the opening of a showroom in Villiers Street, in the heart of Sunderland city centre. Originally called Town Centre Garage Ltd, the business was founded by Sunderland born and bred… Continue reading Sherwoods Motor Group acquires Sunderland Citroen dealership
Vertu Motors acquires former Reg Vardy site for used business
Vertu Motors has acquired a former Reg Vardy site in Stockton for a new Bristol Street Motors MotorNation used car dealership. Robert Forrester, CEO Vertu Motors, said via Twitter: “Today we completed the assignment on the old Reg Vardy Stockton Rover, which we will reopen as a Bristol Street Motors MotorNation. I have fond memories… Continue reading Vertu Motors acquires former Reg Vardy site for used business
Motorvise MD advises dealers to stage Q1 sales events
A willingness by car dealerships to stage Q1 sales events could be crucial to their profitability during 2022, according to founder and managing director of MotorVise Automotive Fraser Brown. He said that with supplies of new cars yet to return to pre-pandemic levels, due in large part to the ongoing global shortage of microchips, there… Continue reading Motorvise MD advises dealers to stage Q1 sales events
Rocketing used car values, digital drive, acquisitions
The past year has been an extraordinary one with dealers having to adapt to a rapidly changing market. Cazoo has spent the year sponsoring major sports events to build its brand in the UK and Europe, buying in logistics, refurbishment, fleet and leasing services to ramp up sales. It is joined by cinch (owned by… Continue reading Rocketing used car values, digital drive, acquisitions
BLOG: Dealers should be ready for increased online sales in early 2022
The potential impact of the Omicron variant on consumer behaviour means that dealers should gear up for increased levels of online sales early in 2022, iVendi is advising. Darren Sinclair, CCO, said: “If the virus does prove to spread as rapidly as experts fear, there is every chance that it will affect how much contact… Continue reading BLOG: Dealers should be ready for increased online sales in early 2022