Polk and AutoTrader.com recently reached out to almost 1,500 luxury vehicle owners to figure out what makes these buyers loyal to — or defectors from — a particular luxury brand.
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The Which? Car survey is the biggest and best in the UK. And the 52,563 people who took part last year have helped us to rank the most reliable medium cars - both new and second-hand.
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Ford Credit's financial results for the fourth quarter and the full year 2011 point to trends dealerships can expect in 2012, including a continuing scarcity of newer used cars, the return of seasonal ups and downs in used-car prices, and potential pressure on retail pricing for used cars.
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The last quarter of 2011 saw confidence forecasted residual values ease across Europe, perhaps signalling an ere of caution after a positive 12 months.
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Autoclenz will be cleaning around 160 visitors’ cars as part of its sponsorship of the 2012 Vehicle Remarketing Association Conference.
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Hyundai Motor UK has teamed up with online remarketing company Autorola to provide its 160-strong dealer network with an online trade used car sales system to enable it to sell its overage, duplicate and non-franchise used vehicles.
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More than half of dealers have positive expectations for their used car sales and aftersales activities during 2012, according to a new survey from Experian.
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Hyundai Motor UK has teamed up with leading online remarketing company, Autorola, to provide its 160-strong dealer network with an online trade used car sales system to enable it to sell its overage, duplicate and non-franchise used vehicles.
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Mitsubishi is aiming to bring fleet operators and dealers closer together and improve residual values with a new approved vehicle remarketing scheme due to launch on February 1.
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VALUATIONS experts Glass’s has published its views on ‘what’s hot’ and ‘what’s not so hot’ in the used car market in January.
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Autoclenz, the UK’s market-leading vehicle valeting firm, will be cleaning around 160 visitors’ cars as part of its sponsorship of the 2012 Vehicle Remarketing Association Conference.
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A 12-month pilot with several major AM100 dealer groups has led to the launch of a dedicated used car customer satisfaction index service.
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Manheim wrapped up 2011 with a double-digit gain in traffic to its online portals, according to the auction company’s latest monthly digital update.
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The same vehicles have been in the top three car sales positions for the last five years, according to new research.
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DEALERS are more confident about the prospects for 2012 but it will still be a challenging year according to Manheim.
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Consumers might well be feeling the financial pressure, but that’s not dampening second-hand buyers’ expectations when it comes to the level of equipment they’re prepared to pay for at auction, writes Jack Carfrae
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In many ways, this is the real Detroit motor show. The new models and the audacious concept cars may all be downtown, glittering under the lights of the car industry's biggest annual fair.
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The end of 2011 has proved to be one of the most unusual on record, with fragile trading conditions, but more stability in terms of used values than normal at this time of year.
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Wholesale used van values fell by just 1.3% (£54 to £4,013) in 2011 despite a significant increase in average age of nine months to 59 months and an increase in average mileage of 11,889 miles to 82,445.
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Well-balanced supply and demand in November saw average values improve by nearly 4% compared to October, according to BCA’s latest Pulse report.
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Mitsubishi Motors UK has launched an approved used car programme to boost sales and improve customer retention for the network.
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Pendragon chief executive Trevor Finn (pictured) is to head up the speaker line up at the Vehicle Remarketing Association (VRA) annual conference, which takes place at the Silverstone Circuit on 9 February.
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The Vehicle Remarketing Association (VRA) has announced its final speaker line up and key topics for discussion at its 9 February conference to be held at the brand new Silverstone Wing, Silverstone Circuit.
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Despite most economists producing a dire prognosis for the year ahead, the British Vehicle Rental and Leasing Association has engaged in some positive thinking by producing a ‘Fleet Optimists’ guide to 2012.
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Increased demand over a shortened trading period with reduced volumes in December saw average values improve by £250 (up 4.0%) compared to November, according to BCA’s latest Pulse report.
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Americans bought nearly 39 million used vehicles in 2011, more than three times the number of new cars, trucks and crossovers sold last year.
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The giant German car maker Volkswagen AG has decided to enter the Indian auto market with its used car business, Das WeltAuto, during the mid months of 2012, confirmed a company official. “ We have a 100% synergy from our global operations; we will be giving German quality in pre-owned cars. The speciality of our brand will be to not only provide warranty on Volkswagen cars but also on other car brands,” said Nee raj Garg, Member of the Board and Director, Volkswagen Group Sales India.
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Used car prices are likely to remain high throughout 2012, it has been predicted.
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BCA has confirmed that it is transferring business from its centres in Newport and Tewkesbury to the supercentre at Bridgwater just off junction 23 of the M5.
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Jardine Motors Group has signed up Manheim Auctions to remarket up to 50 surplus vehicles a week at its Leeds and Colchester auction houses.
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Average wholesale used van values increased by 2.6% (£104 to £4,063) in November compared with November 2010, according to Manheim Remarketing’s latest monthly market analysis for vans.
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Residual value expert Cap believes that electric vehicles are having a minimal impact on both the fleet and retail sectors and that there is little hope for them with the stronghold of internal combustion engines and the advent of other alternative fuels.
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TWO former financial advisers teamed up to sell second-hand cars which had been "clocked" at a total of 1.5 million miles – enough to get to the moon and back three times.
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Daily rental companies report that they have avoided the lengthy lead times fleets have had to endure.
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The BVRLA is calculating fleets could save time and money thanks to greater choice and flexibility in how they deal with the DVLA, after proposals were published by the Government.
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When buying a car, its value after three years and 37,000 miles is an important factor in the decision making process. After all, nobody likes to waste money on depreciation.
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Online remarketing company Autorola is predicting that growth in its own sector of used car sales will double in the B2B sector within the next five years.
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One in five motorists will lie to sell their used car, according to a study by used car specialists Trusteddealers.co.uk.
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With the market entering a traditionally quieter spell in the run up to Christmas, the Vehicle Remarketing Association (VRA) is reporting continuing stable trading conditions.
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Average used car trade values fell by 1.8% in December, according to figures from the CAP Black Book, but it was a smaller drop than normal for this time of year.
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With the market entering a traditionally quieter spell in the run up to Xmas, the Vehicle Remarketing Association (VRA) is reporting continuing stable trading conditions. In line with VRA predictions last month, prices are nudging down, but only slightly, as lower volumes of stock in the wholesale market are met with corresponding demand.
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Well balanced supply and demand in November saw average values improve by nearly 4% compared to October, but values in the fleet & lease sector rose by a more modest 1.4%, according to BCA’s latest Pulse report.
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Manheim Remarketing’s latest Market Analysis for Cars reports that in November average used wholesale values of Small Hatchbacks in both the Fleet and Dealer part exchange sectors gained ground while values of 4x4s experienced their first decline since August.
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Rental cars 'more eco-friendly' than privately-owned motorsental cars in the UK are safer and used more efficiently than some other types of vehicle, new research has revealed.
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The Vehicle Remarketing Association (VRA) has announced its 2012 conference will be held on February 9 at the new Silverstone Wing, a state of the art conference facility within the famous Silverstone motor racing circuit.
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The National Association of Motor Auctions (NAMA) will launch a standardised grading system for the condition of used cars in the first quarter of 2012.
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Almost a third of used cars purchased over the last 12 months with car finance were black according to new data from creditplus.co.uk.
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Lex Autolease and BCA are combining to stage the UK’s first ever auction dedicated to environmentally friendly Hybrid models at BCA Blackbushe, Surrey on Friday December 9.
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Manheim Remarketing has reopened its Coventry site in response to demand for an additional centre for dedicated manufacturer closed auctions.
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Online remarketing company Autorola has appointed Simon Wells to join its UK business development team in response to the growing appetite from dealers and fleets to include online selling as part of its overall remarketing strategy.
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Auction firm, Manheim Remarketing has appointed former Allied Bakeries and Norbert Dentressangle logistics manager, Darren Simpson to the new position of General Manager, Transport and Logistics.
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Remarketing firm BCA has launched a new 30-point mechanical check service to increase buyer confidence and therefore prices achieved at both physical and online auctions.
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The used car market is awash with nearly-new and late plate stock, according to Cap.
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Manheim Remarketing is warning that the impact of the introduction of the new Low Emission Zone by Transport for London (TfL) in January should not be underestimated following a report by the Society of Motor Manufacturers and Traders (SMMT).
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It is common knowledge that seasonal factors influence the used car market negatively in the final quarter.
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The more severe winters of the past couple of years have sometimes caused chaos for the car retail sector.
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The Vehicle Remarketing Association (VRA) has announced its 2012 conference will be held on the 9th of February at the brand new Silverstone Wing, a state of the art conference facility within the famous Silverstone motor racing circuit.
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Residual value giant Cap has expressed grave concerns regarding competitor Glass’s marketing material, taking umbrage with what it sees as the use of potentially damaging language by its arch rival.
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Figures released by SMMT and Experian show sales of used cars in Q3 2011 dropped just 2.9% on the same period in 2010 to 1,749,417. However figures for the first three quarters of 2011 show used car sales are down just 0.1% to 5,250,070.
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Those looking for cheap used cars are most likely to obtain them from sellers who have smoked in their vehicles, new figures have shown.
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The cost of motoring has soared by 14 per cent in the last year, a report has revealed, with the average motorist now paying an eye-watering £128.64 a week to run a new car.
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SMALLER, low-mileage cars are holding their value better than their larger counterparts, according to new research.
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Online remarketing specialist Autorola has reminded private motorists, dealerships and fleet operators of the potential fall in the second hand value of their car if is has been smoked in.
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Tesco Cars is sourcing around 2,000 vehicles a week and advertising them at prices 9 per cent lower than similar models on franchised dealer websites, according to research into the first six months of trading of the supermarket giant’s online car business.
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Consumers holding on to their motor for longer are driving down the cost of used cars, it has been revealed.
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THE average value of used cars decreased by four per cent in October says the latest figures from NAMA.
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Kia is planning to increase its supply of used cars to dealers through daily rental and Motability buybacks.
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Online remarketing channels are opening up ex-fleet stock to buyers across the globe according to Autorola UK.
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BCA is launching a new sales product, BCA Assured, that offers a range of benefits to buyers and sellers alike.
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Values of used 4x4s have increased by 119% since 2008 as the severe winter weather of recent years has turned the traditional 4x4 from a much criticised mode of transport to the vehicle of choice for many motorists.
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More than 100 jobs will be created in Norwich after a national company was given permission to turn a disused factory into a £6m car showroom.
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More than 56,000 people complained to Consumer Direct about second-hand cars from January to September this year
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Creditplus.co.uk has found that motorists will not be waiting to buy new or used for three to six months despite economic uncertainty, and that for nearly a third of motorists, MPG, Co2 emissions and the cost of insurance are the most important considerations in their next car purchase.
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Values of used 4x4s have increased significantly since 2008 as the severe winter weather of recent years has turned the traditional 4x4 from a much criticised mode of transport to the vehicle of choice for many motorists.
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Average wholesale used van values increased by just 0.5% (£22) to £4,037 in October, average age increased by one month to 59 months and average mileage went down by 948 miles to 78,723, according to Manheim Remarketing’s latest monthly Market Analysis for Vans.
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Carcraft, the used car supermarket chain with 11 sites, has been criticised by the Office of Fair Trading for its sales and aftersales operations.
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Average wholesale used van values increased by just 0.5% (£22) to £4,037 in October, average age increased by one month to 59 months and average mileage went down by 948 miles to 78,723.
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Autorola UK has launched three weekly auctions for dealers focussing on the best value stock available for sale on its AutoFind online used car stocking platform.
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THE used car market has remained ‘quite strong’ through October into November with increased stock levels and healthy demand.
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The used vehicle market has remained quite strong through October into November with increasing stock levels providing a good mix for what continues to be fairly healthy demand, the Vehicle Remarketing Association (VRA) reports.
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A full service history can increase the value of a used car by 26% and customers do value a franchised dealer service history greater than an independent dealer’s stamp, according to new data from ICM Research.
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In overall terms the used vehicle market has remained quite strong through October into November with increasing stock levels providing a good mix for what continues to be fairly healthy demand. Resulting prices across most sources of supply have also been very respectable and values are expected to remain quite stable, falling marginally to the year end.
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In overall terms the used vehicle market has remained quite strong through October into November with increasing stock levels providing a good mix for what continues to be fairly healthy demand. Resulting prices across most sources of supply have also been very respectable and values are expected to remain quite stable, falling marginally to the year end.
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Remarketing and logistics specialist Intertechnic has partnered with online auctions company Bluecycle to develop a web-based disposal service through which businesses can upload and sell their defleeted vehicles.
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Used car prices have remained steady since the start of September, despite 4x4s being the only segment to report improvement.
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More people than ever are buying used cars online without viewing or taking a test drive, according to used car supermarket Carshop.
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Hyundai Motor said on Monday it is launching a program next month to repurchase its used cars at prices five percentage points higher than the rate it has until now applied -- a move that is likely to set car dealers' nerves jangling as it now matches the market rate.
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Trade values moving into November were “unusually stable” for the time of year, according to the latest edition of CAP Black Book, the benchmark guide to used car prices.
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TWO Coventry used car salesmen have been sentenced for clocking more than 800,000 miles off cars in an organised scam.
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Manchester-based car dealership Lookers has today announced that its recent trading has been satisfactory despite difficult conditions in the motor retail market and amid the current economic conditions.
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Around 400,000 used cars have been 'clocked' before they are put up sale, according to vehicle check experts HPI.
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Pendragon will focus on used cars and aftersales to help it deliver profit this year.
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A British-built vehicle has won a best used car award.
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Nearly six out of ten people buying new cars in the past 12 months used forecourt finance, according to the latest figures from the Finance & Leasing Association (FLA), the trade body for the motor finance industry.
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Used car buyers are being warned to watch out for scammers who are posing as legitimate sellers in Scotland.
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In overall terms the used vehicle market in September and into early October has been quite strong with values reflecting reasonable retail demand against the continuing relative shortage of stock. Sale conversion rates in both physical and online channels are also up on the summer months.
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Leading national fleet finance and management company Marshall Leasing is to move more of its vehicle remarketing online in a new agreement with CD Auction Group.
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In overall terms the used vehicle market in September and into early October has been quite strong with values reflecting reasonable retail demand against the continuing relative shortage of stock. Sale conversion rates in both physical and online channels are also up on the summer months.
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Average values of used cars sold at auction across the board in August increased from £4,450 to £4,625, equivalent to a 4% increase, according to the National Association of Motor Auctions’ (NAMA) monthly market report.
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BCA has introduced QR codes to marketing and point of sale material throughout its UK network.
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