Premium brand SUVs led the fastest selling used cars in March. According to eBay Motors Group this was a result if buyers, cooped up in lockdown, turning their attention to aspirational purchases. According to it’s Market View, Volkswagen’s Touareg was the fastest selling model in March, taking an average of just 29 days to sell… Continue reading Premium SUVs fastest selling used cars in March as dealers see fastest stock turn of 2021
Author: Motor Trader Online News
Pandemic has ‘profound’ impact on dealers sourcing used cars
The pandemic has had a “profound effect” on dealer buying behaviour, with businesses turning to a variety of sources to keep their forecourts stocked with used cars. A survey by NextGear Capital found that two-fifths of dealers have used digital-only auctions more in the last 12 months, and 44% report having bought more stock direct… Continue reading Pandemic has ‘profound’ impact on dealers sourcing used cars
Vertu Motors acquires Honda dealership from Hepworth Motor Group
Vertu Motors has acquired a Honda dealership based on Leeds Road, Huddersfield from Hepworth Motor Group to grow its Yorkshire presence to 23 sites. The business, which also holds an authorised repair contract for Mitsubishi, has been located in Huddersfield for 40 years. All colleagues will remain at the dealership following the acquisition, ensuring continuity… Continue reading Vertu Motors acquires Honda dealership from Hepworth Motor Group
GForces teams with Phyron to offer car videos to dealers
GForces has partnered with Phyron to bring automated car videos to UK car retailers. The Phyron software transforms still images, text, data and weblinks into videos. Tim Smith, chief commercial officer at GForces said, “Research has shown that videos deliver significant benefits in driving higher sales conversion rates and the speed of car sales. “The… Continue reading GForces teams with Phyron to offer car videos to dealers
MG adds three new dealers in North and East Yorkshire
Three new MG dealerships will open in North and East Yorkshire. The new showrooms are part of the Yorkshire-based Minstergate group, with the MG sites strategically located in York, Hessle and Scarborough. MG Motor is gearing up to increase its network to 130 dealers by the end of 2021, with the three Minstergate sites being… Continue reading MG adds three new dealers in North and East Yorkshire
Cox Automotive buys finance software group Codeweavers
Cox Automotive has bought Codeweavers, a provider of commerce solutions and finance software for dealers, carmakers and portals. Codeweavers will sit alongside Cox Automotive’s existing digital marketing and retail solutions business, Modix, to build its presence as a provider of digital retail solutions for the automotive industry. Established in 2002, Codeweavers started as the technology… Continue reading Cox Automotive buys finance software group Codeweavers
Dealers need to sell used cars with the right warranty, says WMS Group
Car dealers are being advised to make sure their used vehicles are sold with adequate warranty cover as more consumers buy without viewing. It comes as new research by WMS Group found that a third (30%) of UK consumers are likely to purchase their next used car online, without even seeing the vehicle in person… Continue reading Dealers need to sell used cars with the right warranty, says WMS Group
Keyloop buys RAPID RTC and enquiryMAX
Keyloop today announced its acquisition of RAPID RTC and enquiryMAX, bringing its lead aggregation, lead response, enquiry management and showroom applications into the Keyloop product portfolio. These are among the first actions Keyloop is taking since being acquired by Francisco Partners. The group said the acquisitions reflected Keyloop’s commitment to developing an open platform. RAPID… Continue reading Keyloop buys RAPID RTC and enquiryMAX
Chorley Group acquires two new dealerships
Chorley Group has announced the acquisition of 06 Ormskirk Ltd for an undisclosed fee, which includes 06 Vauxhall Ormskirk and 06 Mitsubishi Skelmersdale. Chorley Group who currently operate nine franchises across the North West and employ 250 people locally, confirmed news that the businesses will become part of Chorley Group trading as Chorley Group Vauxhall… Continue reading Chorley Group acquires two new dealerships
Cazoo acquires German car subscription platform
Cazoo has acquired Cluno, Germany’s leading consumer car subscription platform, for an undisclosed sum. Founded in 2017, Cluno has grown to a team of over 100 based in Munich. Cluno offers a flexiblealternative to car ownership, offering a choice of up to 100 makes and models, with a single monthly subscription fee which includes the car,… Continue reading Cazoo acquires German car subscription platform