News

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 ...

The new car market in October saw a raft of companies showing double-digit growth, according to the latest figures from the Society of Motor Manufacturers & Traders. In a market that overall saw sales fall -6% for the month with a -12% decline in retail sales, BYD showed the biggest rise – from a low base – with a three-fold ...

Dealers have welcomed measures in last week’s Budget, suggesting they may positively impact the used car market, according to November’s Startline Used Car Tracker which surveyed 59 dealers. Startline research shows net positive for the freeze in fuel duty (+54%), higher living wage (+23%) and increased investment in public services (+23%). The least popular policies were higher employee National Insurance ...

The UK new car market fell for the second time this year, down by -6% in October to 144,288 new registrations. Declines were recorded across all buyer types, with fleets falling for the second time this year, down -1.7%, and the low-volume business market declining -12.8%. Private purchases continued their two-year decline, down -11.8%, according to the latest figures from ...

The robust demand tracked throughout H1 on Dealer Auction’s platform continued into Q3. Total estimated trade profit rose from £2.6 million to £3.5 million in the three-month period from July to September 2024. Kieran TeeBoon, Dealer Auction’s marketplace director, said: “Q3 saw positive trade-to-trade activity on the Dealer Auction platform – demand is strong, cars are selling quicker and we’re ...

Daryl Chadwick, sales executive at RRG Toyota Bury, celebrated over 31 years of service at RRG.  Chadwick has sold over 8,000 vehicles which makes him the top-performing sales executive within the Toyota network. Anthony Rubio, general manager at RRG Toyota Bury, said: “Working with Daryl has been an incredible experience for both our team and our customers. “His dedication and ...

Vertu Land Rover Bradford has been shortlisted for the Team of the Year category at the Telegraph & Argus Retail, Leisure & Hospitality Awards 2024. Located on Canal Road, the dealership underwent a £2.4 million refurbishment in 2020 and is ranked eighth in the UK for its service, with a customer satisfaction rating of over 99% and a 100% recommendation ...