While the pandemic has accelerated online buying across multiple sectors, most drivers are not quite ready to take the leap and buy a new car online without seeing it first. According to Close Brothers Motor Finance’s Britain Under the Bonnet Report, a new car tops the list of things that people would research online but need to see in real life before … [Read more...]
Tradelines 12 May
Car leasing comparison website Moneyshake’s latest research highlights a significant shift in consumer behaviour with 82% of customers stating that they would now be happy for their new car journey to be completely online, reducing the importance of the traditional test drive. The emergence of online car marketplaces, car finance comparison websites and the … [Read more...]
Used car sales dented by disease controls
The UK’s used car market declined -8.9% in the first quarter of 2021 according to the Society of Motor Manufacturers and Traders. With 1,687,755 transactions, the overall decline saw large falls in January and February of -27.1% and -19.4%, as lockdowns depressed demand and again closed showrooms. March saw the market show signs of recovery with a … [Read more...]
Genesis brand launches in UK
Hyundai’s premium Genesis brand goes on UK sale this summer. There will not be a dealer network but the manufacturer will have a Genesis Studio in Westfield shopping centre, London and also provide sales on-line. Prices are likely to begin about £35,000 for the saloon and £50,000 for the suv, and will be fixed and non-negotiable. It was … [Read more...]
Fleets rethink contracts or pay the price, says FleetCheck
Some businesses are wasting tens of thousands of pounds agreeing to unrealistic mileages when selecting fleet vehicles. That’s the conclusion of FleetCheck, the software specialist who work behind the scenes analyzing business use and who say that predicting future mileage when writing new company car leases is going to be a key question for fleets as … [Read more...]
On-line shortcut to boosting business
By leveraging online sales, UK auto retailers could reduce the transaction time taken to sell a vehicle by 75% and cut the costs incurred in the process by 45%, according to new research released by industry-leading automotive ecommerce solution provider GForces. The data indicates that, as per 2020, based on an annual used car market of 6.75 … [Read more...]
Tradelines 17 March
RAC insurance is launching a pay-per-mile policy in response to the dramatically lower distances being covered at the moment. The scheme is aimed at those who cover under 6,000 miles annually and if they find circumstances change they can leave the on-line and mobile phone policy scheme. Stellantis announced a partnership with Kiri Technologies to reward … [Read more...]
Arval launch EV help guide
As many company car drivers rush to switch to electric vehicles, sustainable mobility expert, Arval, has launched guidance to help cut through some common EV myths. In the final quarter of last year, orders for electric company cars more than doubled for the leasing and mobility specialist, primarily driven by beneficial tax rates for EVs as company cars, … [Read more...]
Decision time for future meetings and fleets
The government’s 21 June target date for removing all controls over social interaction mean that fleets have decisions to make over the future of face-to-face meetings, says FleetCheck. The fleet software specialist says that there are two questions to answer – do we follow the government decision making or wait longer, and do we return to our previous … [Read more...]
Golden hours to buying and selling shine on-line
There's a golden two hours window each day to buy or sell a car, according to data compiled by a leading software business which has looked at the booming on-line sales of vehicles. There was a time when customers used to spend precious hours of their weekends criss-crossing out-of-town retail parks to visit multiple showrooms before buying a car. Then, … [Read more...]
