Thousands of motor traders across the UK will be able to perform a provenance check and value a vehicle using a new one-stop portal from Cazana and Experian. In this fast-changing market dealers need accurate, real-time insight on which cars to buy, their provenance and how to price vehicles appropriately to attract consumer demand. The companies’ new joint … [Read more...]
Finance News
Dealers welcome Government boost to EV charging network
It is positive to see that the Government has announced additional funds for charge-points on residential streets, said Sue Robinson, Director of the National franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers in the UK. Transport Secretary Grant Shapps has announced an additional £2.5 million to fund … [Read more...]
Massive on-line used cars’ website launches today
A new online marketplace for used cars launches in the UK today. The website heycar.co.uk is on a mission to bring greater trust and transparency to one of the UK economy’s largest retail sectors. The brand will do this by creating a superior user experience for consumers and dealers, launching with an inventory of over 100,000 listed vehicles from nearly … [Read more...]
Auction prices encouraging, says trade
More than 50% of auction hall members are expecting conversion rates to increase in August. This has been assisted by the volume of vehicles coming though remarketing centres which has meant buyers have had less vehicles to choose from and has in turn increased conversion rates of those vehicles that are available to buy, said Louise Wallis, Head of the … [Read more...]
Majority say a car is essential for everyday life needs
More than three quarters (79%) of UK drivers think that having a car is essential for their everyday life, rising to 85% of those in rural areas, according to a new Opinion survey of 2,000 UK drivers. The survey commissioned by InsuretheGap.com reveals that 57% of those aged under 65 could not get to work without a car, rising to almost 60% of under … [Read more...]
Newslines 13 August
Big saloons are dropping like stones across Europe. Sales of BMW 6 Series cars collapsed 82%, Tesla Model S 52% and Jaguar XJ 38%, but the Mercedes CLS mid-size model improved 76% and its AMG GT lifted 18%, reports JATO Dynamics, which said they had suffered with the expansion of SUV and Crossover models. With the holiday season in full flow the RAC can … [Read more...]
Youngsters rejecting cars for mopeds
It is encouraging to see motorcycle registrations bounce back with a 4.3% growth in July following June’s decline, said Stephen Latham, Head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK. Motorcycle registrations rose by 4.3% in July following the double-digit decline of -11% in June. A total of … [Read more...]
PSA subsidiary supports Welsh public services
Business Contract Hire specialist Free2Move Lease has become a supplier on the latest All Wales Framework Agreement. This has been established by the National Procurement Service, which arranges collaborative procurement frameworks for a range of goods and services on behalf of the Welsh Public Sector, as a ‘’One-stop-shop” for all Welsh Public Sector … [Read more...]
Cap hpi lift the lid on soft-top bargains this summer
With summer in full swing, automotive data expert cap hpi has produced a list of convertibles and drop tops that eagle-eyed motorists can pick up for under £10k, including a few surprises. Motoring expert Clive Wilson car valuations editor at cap hpi identifies ten drop-tops that are relatively cheap to acquire, great for hitting the open road, making the … [Read more...]
Diesel demand is still strong in used sector – Cazana
Consumer demand continues to slacken and prices are softening, but there are surprises about the performance of diesel in the trade, writes Rupert Pontin, Director of Insight at Cazana. Just days after new car sales figures showed continuing weakness, the retail expert has looked at the situation of second hand cars. July is an interesting month at the … [Read more...]
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