Paragon has renewed its contract with Vauxhall Motors as its sole provider of vehicle refurbishment. The renewal of the contract will lead to further investment at Paragon’s Corby site, as
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Paragon renews contract with Vauxhall
Online used car prices increase in Q1, according to Autorola UK
The average price of used cars sold online in the first quarter of 2015 through Autorola UK’s remarketing portal was at £8,624, £140 higher than in quarter four 2014 (£8,484).
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Used car profits come under pressure in March
Dealer profits on used cars came under pressure in March, according to new research Margins were dented despite the surge in activity prompted by a new plate, said CAP Automotive.
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Car dealers struggle with carmakers’ ‘artificial’ sales targets
Franchised dealers expect 2015 to be a more challenging trading period than 2014, when the new car market continued to grow strongly and used car values remained robust, leading to
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PCP customers will expect equity when the term ends
Consumers choosing a new car on a PCP will expect some equity to remain towards their next car when the motor finance term ends. Research by Manheim showed that 95% of
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Cap warns of pressure on used car values
It said dealers were braced for large numbers of trade-ins as the market hits the Easter holiday period. Values already lower than a year ago will come under increased pressure
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Car dealers making more money in the used car deal, says Manheim
At auctions dealers are paying less for ex-fleet cars yet making more on their part-exchanges, according to information from Manheim, leaving them more margin in the used car sale since
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30% of dealers target PCP customers for early exchange
Dealers are confident they can handle the volumes of PCP cars coming back into the market, according to dealer research carried out by Manheim. Most dealers welcomed the trade-ins generated
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Blackcircles launches fleet division
Online tyre retailer Blackcircles.com has created a fleet division, which is “dedicated to business vehicles”, and has appointed Martin Towers as its director of corporate sales. Towers previously worked at
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British Car Auctions bought by Haversham Holdings
British Car Auctions has been acquiried by Haversham Holdings, a consortium of investors, in a deal anticipated last week. The board of Haversham announced at just after midday that it
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Latest news from the DVLA
DVLA are pleased to announce the following digital service releases from 24th March: ‘Take a Registration Number off a Vehicle’ – Retain a Personal Registration ‘Motor traders: telling DVLA I
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VRA appoints new directors
The Vehicle Remarketing Association (VRA) has appointed three new directors to its Board, Lee Mabbutt (Smart Fleet Solutions), Sam Watkins (Bruntingthorpe Proving Ground) and Steve Jackson (Glass’s). They join nine other
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