CAP and HPI have revealed details of their integration plans following the recently announced relocation of the HPI business from Salisbury to Leeds. The Solera owned companies will operate jointly
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CAP and HPI announce joint strategy
Digital dominates used car search, but don’t count out other methods
The company surveyed over 6,000 used car buyers in September and while 56% said digital means where the main way they find used cars, 16% said driving past the dealership
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Majority of used car buyers don’t check history before buying
The majority of used car buyers are not checking history on vehicle before purchasing, according to new data from the RAC. Data shows 10% of buyers will check history. The
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Used cars deliver ‘stand out’ performance for Pendragon in Q3
Pendragon turned in a strong third quarter with increased gross profits across new and used cars and aftersales. The performance in used cars was particularly strong with like for like
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Arval completes the acquisition of GE Capital fleet services in Europe.
To see the full press release, please click here: PR_Arval_GE_041115
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FairFuel UK warns chancellor against targeting diesel in Autumn Statement
Fears are mounting that diesel could be targeted in the chancellor’s Autumn Statement, with the fuel type being hit with tax rises. FairFuel UK says operators of diesel cars and
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Independents stocking up ahead of year-end
High levels of confidence in the used car sector has prompted independent dealers to increase their stock levels in order to compete strongly in the post-Christmas market, according to David
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Marshall renews remarketing deal with Manheim
Marshall Motor Holdings has renewed its exclusive remarketing deal with Manheim. The renewed deal will see 45,000 vehicles offered through Manheim’s physical and online sales channels over the next three
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Dealers face a used finance revenue gap of £246m
A study by Hitachi Capital Motor Finance claims dealers could miss out on as much as £246 million a year in finance revenue on used vehicles. Hitachi’s analysis looked at
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Used volumes build and residual values slip in October
Average used values dropped by 2.2% with an expected seasonal slide, according to the latest figures from CAP. Derren Martin (pictured), senior editor at CAP Black Book, said: “Based on
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Diesel used car values outperform petrol cars in October
Values of diesel cars fell by less than petrol cars in October despite the scandal surrounding Volkswagen and its diesel emissions cheating software. This was the finding of CAP Black
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Dealers believe used car trade values are ‘too high’
That’s the conclusion of a survey carried out by CAP of franchised and independents dealers and car supermarkets in October. Dealers experienced a significant tail-off in showroom traffic and online
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