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...]
Dealers and makers’ reputations bashed by delays
Car manufacturers and dealers are suffering reputational damage as a result of unavoidable supply chain disruption, according to research from Close Brothers Motor Finance. While two-thirds (66%) of consumers considering a new car say they understand the difficulties involved, nearly half (48%) say the delays negatively impact their perception of motor dealers. A similar proportion (46%) say long … [Read more...]
Used prices rising as new cars stall
Nearly new car prices are escalating in the wake of a shortage of new cars due to tougher emissions tests in factories. Prices in the used vehicle sector are being artificially inflated post-WLTP as competition hots up amongst buyers for nearly new and ex-fleet stock according to Shoreham Vehicle Auctions. And they are likely to stay this way until Spring 2019 as the used car market … [Read more...]