New car registrations were the highest for 14 years in May. SMMT said 203,585 cars were registered in the month, the highest May figure since 2002. It was a steady 2.5% growth over the same month last year, and follows the trend of the previous two months, as fleet registrations drove the growth, with an 8.8% rise counterbalancing a -3.0% fall in … [Read more...]
Finance
Dealer failings leave them open to prosecution & penalties
The average used car dealer is carrying out three provenance checks per vehicle over the course of a sale, according to data compiled by the RAC. Looking at typical usage of the recently launched RAC Passport for dealers, it appears that a check is made when they are considering acquiring a vehicle, once more when it is put on sale and again before it is … [Read more...]
Personal loan rates threaten dealers’ offers
Dealers are facing a new threat to profit margins as research reveals the impact on specialist car finance take-up of aggressively low new High Street personal loan rates. The warning comes from new and used car online distance sales specialist Buyacar.co.uk, which generates consumer sales orders for major franchise dealers. Buyacar.co.uk has … [Read more...]
Impartial on-line finance guide re-launched by industry
The Finance & Leasing Association (FLA) has re-launched its impartial online guide for customers buying a car on finance. Their dedicated website, www.FinancingYourCar.org.uk ,explains the different finance options available in showrooms, so customers are able to find the finance option most suited to their needs. Key features of the site … [Read more...]
Vehicle sellers true identity can now be checked on line
ID checking website 192.com has launched the first ever Background Reports on UK residents, offering motorists greater protection against deception and fraud. The reports will enable motorists to know who they are buying their car from, providing the background checking of sole traders and salesmen. Over 40 million people in the UK will be accounted … [Read more...]
