The UK’s used car market declined -8.9% in the first quarter of 2021 according to the Society of Motor Manufacturers and Traders. With 1,687,755 transactions, the overall decline saw large falls in January and February of -27.1% and -19.4%, as lockdowns depressed demand and again closed showrooms. March saw the market show signs of recovery with a … [Read more...]
Tradelines 21 April
The Volkswagen ID.4 has been voted World Car of the Year 2021. Over 90 international motoring writers nominated the pure electric model and it marks the fifth time VW has taken the top award. Future smart motorways have been parked up until radar technology improves to make them safer after a series of fatal accidents and severe injuries. The Government … [Read more...]
Heritage sell off by Mitsubishi Motors UK
Mitsubishi Motors is selling its historic heritage fleet and personal number plates as the business prepares to close down in the UK. The auction will run from April 1 to April 30 on the specialist online platform Auto Auction. All 14 historic cars are up for grabs with detailed descriptions and a comprehensive array of images and videos for each … [Read more...]
Covid-19 has failed to contain car auctions
UK motor auctions have told the National Association of Motor Auctions it is ‘business as usual’ despite the four-week lockdown in England and the additional restrictions across the country. NAMA has recently held a member meeting where auctioneers discussed the challenges facing their businesses due to COVID-19 and analysed the current and future state of … [Read more...]
Potential potholes for planning ahead
The impact of the coronavirus crisis and potential effects of Brexit are making planning beyond the short term almost impossible in the remarketing sector. So reports the Vehicle Remarketing Association (VRA), which points out that the currently booming market is arguably obscuring the potential dangers that lie ahead. Chair Sam Watkins said, “As has been … [Read more...]
Auction action accelerates
Auction houses are experiencing strong vehicle values and a strong demand for stock, according to the National Association of Motor Auctions. While the majority of auction houses are not yet opening their auction halls to buyers, they continue to be very busy with on-line sales. Used vehicles are in keen demand from consumers post-lockdown as many look for … [Read more...]
One-off Bristol sports car up for sale
Car enthusiasts are getting a once-in-a-lifetime chance to buy a unique one-off four-year-old British sports car, and it could cost them hundreds of thousands of pounds. The Bristol Bullet roadster is among items being disposed of by joint liquidators of Britsol Cars, which folded earlier this year. Jeremy Frost and Patrick Wadsted of Frost Group … [Read more...]
Newslines 3 August
A bidder on Car & Classic Auction has secured a rare Mk1 Volkswagen Golf GTI for £21,500 - some £1,230 more than they could have bought a brand new 20-plate Golf. The 1983 Golf GTI was listed on Car & Classic Auction for seven days and by day three had already exceeded its estimate of £11,500 to £13,500, although it’s no ordinary Golf GTI, it’s a … [Read more...]
Dealers seek Government help
The retail automotive sector employs 590,000 people in the UK and businesses must be protected through supportive fiscal measures during the outbreak of the Coronavirus, said Sue Robinson, Director of the National Franchised Dealers Association. NFDA yesterday wrote a letter to the Chancellor of the Exchequer, the Rt Hon Rishi Sunak MP and Alok Sharma, … [Read more...]
Traders attack new consumer advice
Car dealers and auction houses have fallen out with trading standards officers. “It is disappointing that following a number of responses, including our detailed comments on the draft guidance consultation, the Chartered Trading Standards Institute has ignored the majority of the issues NFDA had outlined alongside other industry trade bodies”, said Sue … [Read more...]
