Insights into the minds of motorists have been revealed by contrasting what visitors to an online used car supermarket look for – and what they end up buying. Analysis of up to one million searches per month on BuyaCar.co.uk reveals that hybrid models are now the only type of car showing consistently increasing interest across every one of Britain’s 10 … [Read more...]
Post Coronavirus symptoms trouble trade
The recovery from Covid-19 continues to be the main concern for car dealers when thinking about the future of their business, according to new research from Close Brothers Motor Finance. Over a third (35%) of dealers surveyed in the Dealer Satisfaction Survey said that Covid-19 recovery and the potential for future lockdowns poses the biggest threat to … [Read more...]
Slow recovery in new car registrations
New car sales are slowly picking up after the first full month of showroom openings, said the Society of Motor Manufacturers and Traders. Registrations in May reached 156,737 units, an almost eightfold increase on the same month last year, but down -14.7% on pre-pandemic May 2019, and -13.2% on the 10-year May average. Against a more positive economic … [Read more...]
Seeing is believing say car buyers
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...]
More buyers looking for new cars after lockdowns
Some 2.7 million more drivers are planning to opt for a new car this year than previous years, according to Close Brothers Motor Finance’s upcoming Britain Under the Bonnet Report. For 45% of drivers, a new car is the preferred option – significantly up from 38% last year. The lockdown has fuelled fresh demand for a private vehicle and working … [Read more...]
Trouble cooking for retailers and manufacturers
Dealers and car makers face yet more disruption next year as Google ends the practice of easily identifying potential customers through their internet browsing activity. That's the warning from automotive content and ecommerce experts, Autovia, who believe that the motor retail industry has yet to wake up to the coming challenge. Many marketing departments … [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...]
Demand for Welsh mobile mechanics surges during pandemic
New data from one of the country’s leading insurance comparison websites revealed a 158% year-on-year rise in Welsh mobile mechanics taking out insurance for their sole traderships. Quotezone.co.uk figures also reveal a 71% year-on-year spike in new policies for full time motor trade businesses, and a 49% jump in cover for part time firms, in … [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...]
