Cox Automotive, which owns auction company Manheim, is understood to be planning the closure of five auction centres in the UK, including its newest operation at Bruntingthorpe. The centres earmarked...

COX TO CLOSE FIVE MANHEIM AUCTION CENTRES USED CAR PRICES UP £4,500 IN 3 YEARS UK CUSTOMER COMPLAINTS RECORD MOTORPOINT ‘OVERVALUED’ JOIN INDUSTRY LEADERS AT AUTO RETAIL LIVE THIS TUESDAY...

NORTON WAY PROFIT UP DURING COVID DEMAND BOOMS FOR RETAIL SITES GINETTA CARS HEAD OF SALES MOVES TO CAZOO INCHCAPE’S HUNTERS JLR GETS PLANNING PERMISSION KPMG WARNS OF 30% USED CAR PRICE PLUNGE WHAT...

The used car market figures don’t look good, but there is always more to the situation than one alarming statistic According to the SMMT, the UK’s used car market declined by 48.9% in Q2, falling...

    FCA URGES FINANCIAL REPORTS DELAY AUDITORS WARN OF ‘ACCOUNTING CHAOS’ INCHCAPE SUSPENDS £150m SHARE BUYBACK CORONAVIRUS: AUTO INDUSTRY ROUND-UP GET YOUR AUTO RETAIL AT HOME EU...

US consumers owe a total of $987bn in new and used automotive loans, according to Experian; and that figure is expected to break the $1trillion mark by the end of this year. In the final quarter of...

Manheim is planning to speed up vehicle processing times at its auction centres in order to get cars prepared and ready to market quicker. The auction company is currently trialling the new process at...

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Figures from Manheim show that the used van market remained strong in August, with values rising very slightly by 0.2%. Average mileage fell by 3.1% (2,339 miles) and stock age was down by three...

Manheim has closed its Rotherham auction business, saying it intends to relocate as many staff as possible to nearby sites. The 20-year old business traded around 30,000 vehicles a year, specialising...

Stock shortages of nearly-new cars mean more auto retailers are turning to direct vendors such as VRS, according to the company’s owners, Manheim. The sales channel, which claims it is a...

The credit crunch and subsequent slowdown in economic activity will lead to some fundamental changes in the auto retail industry, especially in online used car trading. That’s the view of Dean...

The UK’s car auction business could face “grid lock” if economic confidence in the auto retail industry continues to slump in 2009 according to John Bailey, chief executive of...