Auction firm City Auction Group has created a new fleet management department, following significant growth and development of its corporate vendor portfolio. The new department will support the firm’s operations
Log in to read the rest of this article
City Auction Group launches fleet management department
Van registrations rise 21% in April
Van registrations rose 20.9% to 24,927 units in April, reflecting the ongoing recovery in the economy. In the year to date sales of vans were up22% to 122,702 units, according
Log in to read the rest of this article
New car market rises 5% in April
New car volumes continued to grow in April with registrations up 5% to 185,778 units, pushing the year to date total up 6.4% to 920,366 units, according to the SMMT.
Log in to read the rest of this article
Volkwsagen adds reserve online function to used car scheme
Volkswagen has introduced a Reserve Online function to its Das WeltAuto used car scheme. The feature enables customers to pay a £500 deposit using PayPal to reserve a car. Should
Log in to read the rest of this article
Used car dealer Carcraft announces closure
Used car dealer Carcraft has announced it has gone into administration. The company has appointed Grant Thornton UK LLP to deal with the administration of CC Automotive Group Limited, UK
Log in to read the rest of this article
Volkswagen Up named lowest depreciating car by CAP
The Volkswagen Up has been named the lowest depreciating car. CAP says depreciation over the past three years averaged £4,410 – or less than half of the car’s original new
Log in to read the rest of this article
Autorola reports 23% decline in used van values
Autorola UK has become the latest company to warn of falling used values in the van market. The remarketing portal said average used prices had fallen from £11,536 in the
Log in to read the rest of this article
The HM Revenue and Customs’ (HMRC) willingness to challenge sales values used in VAT calculations has been highlighted in a VAT appeal judgement, according to ASE.
ASE’s tax director Michelle Malone said: “The N & M Walkingshaw case considered whether prior to 1992 an over allowance on a part exchange vehicle could be treated as a
Log in to read the rest of this article
PCP car clocking on the rise
The incidence of clocking is on the rise as a result of car buyers on PCP schemes avoiding excess mileage penalties, according to Glass’s. The company said drivers are using
Log in to read the rest of this article
Car market will innovate and adapt to weakening of PCP appeal
The automotive retail sector is sufficiently dynamic and innovative to adapt to a predicted weakening in the market conditions that have led to a perfect scenario for PCP growth in
Log in to read the rest of this article
‘Consumer ignorance is costly for the used car industry,’ says HPI
42% of used car buyers do not know who hold legal title on a car that has finance owing on it, according to a recent survey by HPI. The latest
Log in to read the rest of this article
Motors.co.uk highlights improved engagement with email leads
In one of the busiest plate change months of recent years, 61% of Motors.co.uk dealers were hot on their email response times, compared with 47% in 2012. These results come from a campaign
Log in to read the rest of this article