Newsletter
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Issue 33 - 14th August 2020
Welcome note from Sue Robinson
Dear Colleague, The latest used car sales figures showed a -48.9% decline in Q2. This was a significant decline, however, these figures only cover April through to June, when dealerships were closed due to lockdown. It is expected that the figures for Q3 will not follow the same trend seen in Q2 as the used car market has performed strongly since dealerships across the UK have been able to re-open...
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14th August 2020
Motor auctions see rising volumes with prices remaining high
Auction houses are experiencing strong vehicle values and a strong demand for stock, according to the National Association of Motor Auctions (NAMA). While the majority of auction houses are not yet...
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14th August 2020
MILS CASE STUDY: Company failures
“I have been trading with another company for some time, but I am now having difficulty contacting them and they are not paying the debts. I’ve been told that they have failed and what do I do.” It’s...
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14th August 2020
DEALERS REMAIN OPTIMISTIC ABOUT USED CAR MARKET
Optimism remains in the industry that demand within the used market will continueDesirable retail stock remains in high demandMany retailers are reporting that they are pleasantly surprised with the...
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14th August 2020
What Car? Insight: Interview – James Brearley, CEO at...
Inchcape CEO James Brearley re-joined the company in 2017, 26 years after he left Inchcape to join Pendragon PLC shortly after its initial flotation in 1991. He rose through numerous acquisitions to...
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14th August 2020
Used car values “stable” despite 30% rise in auction...
Used car values at BCA’s auctions remained stable during July as a 30% increase in volumes sold at its UK sales were met by a strong appetite among retailers. The remarketing specialist said that car...
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14th August 2020
Hyundai launches new used car scheme
HYUNDAI Motor UK has launched one of the most comprehensive used car schemes on the market: the Hyundai Promise. Available across the range, and developed with the brand’s electrified vehicles in...
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14th August 2020
Updated: Ford Kuga PHEV deliveries halted due to battery...
Ford confirms temporary suspension of sales and issues recall; owners told not to charge until further notice. Ford has halted sales of its new Kuga PHEV due to concerns over overheating battery...
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14th August 2020
Vertu Motors names 17-year-old service advisor 'Apprentice...
Vertu Motors has named 17-year-old Farnell Land Rover Nelson service advisor apprentice Susannah Kendall as the winner of its annual ‘Apprentice of the Year’ awards. Kendall, who joined the retailer...
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14th August 2020
Weekly News Digest
SMMT: UK used car market declines 48.9% in Q2 – Verdict The used car market in the UK saw sales decline by almost half (48.9%) year-on-year in the second quarter of 2020, according to the latest...
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