The number of dealers feeling negative about the used car market has almost quadrupled in a month, according to this month’s Startline Used Car Tracker. In November’s survey, 49% say they are pessimistic in outlook compared to 13% in October. Conversely, the percentage who are optimistic has fallen from from 23% to 8%. Dealers whose view of the market is unchanged have remained stable at 42% now … [Read more...]
Profits and confidence in dealerships
“Profit margins” and “consumer confidence” have been named as both the two biggest threats and the two biggest opportunities facing dealers, according to a new survey for the RAC Dealer Network. Almost half of respondents (48%) named reducing profit margins as the biggest threat to dealer business in the second half of 2018, followed by falling consumer confidence (26%) and Brexit … [Read more...]