The used car market is booming, with Cap HPI reporting the largest increase in values seen in 12 years.
Liam Quegan has been promoted to managing director of Manheim Auction Services and OVO Energy has announced the appointment of Chris Russell as MD of OVO Drive.
Philip Nothard has been elected as the new chair of the Vehicle Remarketing Association (VRA), succeeding Sam Watkins, who has held the role for the last two years.
Manheim Vehicle Services (MVS) has invested over £100,000 in partnership with Pod Point, to install 30 electric vehicle (EV) chargers at MVS Bruntingthorpe.
Leadership must take accountability for ensuring that senior people within an organisation are gender diverse, says Liam Quegan, managing director of Manheim Auction Services and NextGear Capital.
Perrys has agreed a new three-year deal with Manheim, part of Cox Automotive UK, for its part-exchange vehicles.
Strong performances through online wholesale auctions according to the latest used car market tracker released by Cox Automotive UK.
Manheim Auction Services and Hitachi Capital Vehicle Solutions (HCVS) are hosting an exclusive online event on Friday, July 10, featuring a rang of quality cars and hand-picked heavy goods vehicles (HGVs).
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
Covid-19 is set to transform the used car market, with more vehicles being sold online at the expense of physical sales.
Manheim will be recommencing an auction programme from Tuesday, May 12.
The impact of Covid-19 on the wholesale and retail markets for new and used cars as well as LCVs has been revealed by Cox Automotive UK.
Used car values have fallen by 2.2% this month as retail and trade demand is affected by the Coronavirus crisis, according to Cap HPI.
Manheim UK, part of Cox Automotive UK, suspended all of its physical auction programmes to comply the with Government restrictions at the start of this week.
First time conversion rates continued to hold their own in December at 85.5%, data from Manheim shows.
Fleet volumes at Manheim increased by 8.2% year-on-year and 22% month-on-month in October, reports Cox Automotive.
87% of vehicles sold first-time at Manheim in September as demand for stock exceeded supply in September wholesale market.
Manheim has announced a new five-year deal with Big Motoring World to remarket 50,000 part-exchange vehicles on a sole supplier basis
Allen Ford has renewed its contract with Manheim to auction 5,000 vehicles a year.
Manheim has revealed a five-day mega event with over 1,000 vehicles from Marshall Motor Group, as dealers look to capitalise on used stock.
Fleet News offers a range of reports, whitepapers, in-depth features and manufacturer brochures to enhance fleet decision-makers' understanding of key issues and products.
Fleet News is published monthly, in print and digital formats.
Register now to see if you qualify for a free subscription.