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A war of words has broken out between the UK’s leading auction houses over the state of the used car market in May. BCA and Manheim reported marked differences in used values for the period. Manheim said May used car prices fell 3 per cent while rival BCA said prices rose 2.9 per cent for the month.

Wholesale van values stabilised in May after falling for three consecutive months, according to Manheim Remarketing.

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Used car prices are set to come under pressure in coming months with conversion rates also under fire, according to Manheim Remarketing. The warning came as it announced that average prices of used cars in May fell by 3 per cent to £6,806.

Newcastle based Benfield Motor Group has launched a new identity and a TV and marketing campaign. The advertisement with the catchphrase “enjoy the journey” will be shown on TV today, 6 June.

New car sales in May fell 1.7 per cent to 150,431, according to figures released by the SMMT. Registrations in the first five months of the year are down 7.3 per cent to 846,513 units, the 11th successive month of decline.

Castrol Professional has joined forces with several carmakers to launch a new lubricant which it said would help franchised sites to upsell oil for servicing jobs.

Vertu Motors Group has pumped £2m into a new used car assessment and preparation centre in Darlington. The refurbished ex-Volvo trucks site, housing a mechanical workshop, re-spraying depot and bodyshop, has the capacity to service more than 300 cars per month.