New insight by automotive data experts, cap hpi, shows that you have only a few days left as the ideal time to buy a used car is the last week of October. New vehicle registrations hit a record high in September with official industry data showing that 469,696 vehicles were registered in total - a 1.6 per cent rise on the same month last year and the … [Read more...]
Retail
Mitsubishi launch approved used programme
Mitsubishi has revealed details of its new industry-leading Approved Used Car Programme. Under the heading “Because It’s New To You”, the enhanced programme offers a minimum two-year vehicle warranty with no mileage limitations and two years’ roadside assistance, providing 24-hour support for motoring emergencies in the UK and Europe. An Approved Used … [Read more...]
Hybrids hopes challenged by new EVs
Hybrids are likely to be a passing phase in car technology that will be surpassed by electric vehicles in a matter of a few years, predicts Glass’s. The vehicle data provider says that EV technology is advancing so quickly that a new hybrid vehicle being bought today could be effectively obsolete by the time it reaches the end of its normal … [Read more...]
AA charter scheme looks to dealers
AA Cars is inviting dealers to join its Dealer Promise scheme, a customer service charter to lift confidence in the sales practices of the used car industry. This is a timely boost for both dealers and consumers following market research, which suggests trust in the sector is at an all-time low. The AA’s car buying site has approached its growing … [Read more...]
Finance checks need overhaul, says provider
Motor finance companies need to adopt technology that allows them to credit check a potential customer without leaving a footprint on their file, says Startline Motor Finance. CEO Paul Burgess explained that multiple footprints on customer files held by credit checking agencies tended to lead to a reduced credit rating – but that in 2016, with more and … [Read more...]
Tradelines 19 October
GKN Driveline will showcase its leading contemporary and electrified driveline technologies - making passenger cars lighter, more fuel efficient and better to drive - at the International Suppliers Fair (IZB) this month. GKN will demonstrate its latest technologies across eDrive, all-wheel drive and two-wheel drive vehicles at the show in Germany between … [Read more...]
BEN raise issue of mental health in motor trade
Ben, the not-for-profit organisation that partners with the automotive industry to provide support for life to its people and their families, has launched its new mental health campaign. BEN want supporters to donate £1 or more to help colleagues in the automotive industry suffering from mental health challenges and the money will go back into providing … [Read more...]
Newslines 7 October
The new Ford Mustang outperforms the Porsche Cayman and even Nissan GT-R when it comes to keeping ahead on used value. Experts at cap hpi found the latest generation of the classic US sportscar held onto 99.5% of value over 10,000 miles, well ahead of its rivals, with just over 2,300 registered on UK roads this … [Read more...]
Late registrations boost September to new record
UK new car sales in September, rose 1.6%, according to the Society of Motor Manufacturers and Traders as 469,696 cars were registered and buyers went for the new 66-plate. The performance marks the highest September on record, while the total number of cars registered so far this year also grew to 2,150,495 units – up 2.6% compared with the same period … [Read more...]
Hidden or closed intranet sales distorting used sales
The growing use of “upstream marketing” by motor manufacturers and leasing companies could explain why the long-heralded explosion in used car numbers has so far failed to materialise. The advanced strategy – designed to defleet cars quickly through online channels – could explain the smaller-than-expected increase in used car numbers hitting the … [Read more...]
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