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 buying – even over a new home. Just over a … [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 from home has enabled lots of consumers … [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 and dealer promotion businesses use … [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 32.2% year-on-year rise, amounting to … [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 Wales. The data, taken from a sample of 4,500 … [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 post-pandemic travel patterns start to … [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 million sales, the industry could save £9.5 … [Read more...]
Tradelines 21 April
The Volkswagen ID.4 has been voted World Car of the Year 2021. Over 90 international motoring writers nominated the pure electric model and it marks the fifth time VW has taken the top award. Future smart motorways have been parked up until radar technology improves to make them safer after a series of fatal accidents and severe injuries. The Government announced the halt following protests … [Read more...]
Covid-19 polarises buyers around the nation
Covid-19 has polarised the world, and the nation – including car buyers. According to research from episode one of the annual Britain Under the Bonnet report, from Close Brothers Motor Finance, some 38% of drivers are more likely to delay buying a car due to the economic uncertainty caused by Covid-19 and Brexit, while 12% have brought forward their plans. The fifth edition of the report, which … [Read more...]
Tradelines 31 March
Select Car Leasing crunched the numbers and found with the introduction of connected cars in 2022, the annual average commute will reduce by 25%, equating to 55.5 hours less commuting every year. Drivers will also benefit from increased safety features such as repair hazard warnings as your car will be able to “listen” to waveforms or vibrations, analyse them and upload them to a cloud-based … [Read more...]