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The used car market grew by 4.3% between July and September, marking the seventh successive quarter of YoY growth, according to the SMMT. Around 1,965,811 vehicles changed hands, with 81,651 additional transactions compared with the same period in 2023. A record 53,423 used BEVs were sold, an increase of 57.0%, reflecting the largest-ever market share at 2.7%, up from 1.8% in ...

Marshall Motor Group has opened its new Nissan store in Cambridge. It is the city’s only Nissan new car, approved used car, service and parts franchise. The facility includes a six-car showroom, an exterior display area for 40 used vehicles, a six-bay workshop, a number of electric charging points, a customer lounge, and a coffee bar. Craig Wilson, head of ...

MotorVise celebrated its 10th anniversary by adding two motor manufacturers to its client roster and hosting a visit from former Prime Minister and Richmond and Northallerton MP, Rishi Sunak. Fraser Brown, founder and managing director of MotorVise expects 2025 to be a record-breaking year, following a significant increase in inquiries from OEMs and dealerships. Rishi Sunak MP said: “MotorVise is a ...

Auto Trader has launched Co-Driver, a suite of solutions powered by advanced AI and machine learning focused on ‘alleviating retailer pain points and driving retailing performance’. Retailers are benefitting from using AI and machine learning tools to make profitable sourcing and stocking decisions and utilise Market Health and Retail Rating metrics to determine potential returns for stock. Karolina Edwards-Smajda, Auto ...

Manheim Auction Services’ Gloucester site launched last month with record-breaking results. The sale event saw 5,270 accepted bids, the most received at a commercial Manheim auction, totalling £4.2 million pounds in assets sold on the day. The site is a a seven-figure investment designed to support Manheim’s van and truck customer base. Matthew Davock, director of commercial vehicles at Manheim ...

Hybrids and EVs collectively accounted for 14% of used car listings in October, according to MOTORS’ Market View. Hybrids took up 9.6% of stock levels, up from 7% a year ago, while EVs grew from 3% to 4.6%. More younger hybrids were sold – those aged under two years which were up by 52% YoY achieved their highest ever volume ...

Autofinity has launched ViSOURCE, a tool to aggregate wholesale vendor stock and information to provide buyers with an extensive view of the used car market. ViHUB enables automotive retailers to pool vehicle data, automatically populate online marketplaces and manage stock with up-to-date inventory details. CEO Andy Whitehair said: “Used car buyers within franchised and independent retailers source used cars from ...

Rochdale-based lender Marsh Finance has signed a deal to adopt iVendi’s new point-of-sale system. Marsh Finance can now share its proposition with dealers across iVendi’s user base. The system will allow for fast and compliant quotation generation and easy application completion for online and showroom car buyers. Andrew Marsh, CEO of Marsh Finance, said, ” The technology we are implementing ...

Bumper has completed its first acquisition, purchasing business intelligence tools company AutoBI. AutoBi provides business intelligence tools for car retailers and OEMs. Its dashboards provide updates on critical information about all aspects of an automotive business including CRM, sales, service, parts and finance. Jack Allman, CCO and Co-Founder of Bumper said: “AutoBI is a perfect fit for Bumper and this ...

A new survey from Carwow, which questioned 700 consumers, has found 30% of car buyers are more likely to buy a used car rather than a new car following the Autumn Budget. Used car enquiries generated via Carwow increased 63% YoY to the end of October. When asked if the Budget has impacted their likelihood of buying a car in ...