Whenever you buy a car, it’s inevitable that its value will decrease. In fact, within the first 3 years of car ownership, the value can drop by as much as 60%. Some models do better than others, and the arrival of more electric cars is altering the market as well. With the new plate coming in next month, here's advice for readers hoping to understand how … [Read more...]
New expanding brands now supplying service data
Data company epyx is reporting a large influx of new motor manufacturers to its core service, maintenance and repair platform. Their 1link Service Network is used by fleets totalling more than four million cars, vans and trucks to manage their SMR processes, working with thousands of franchise dealers, independent garages and fast fits. Greg Tucker, head … [Read more...]
Austin raises hat highest to car fans
New research by the car leasing experts at Auto Trader reveals the cities around the world with the most motor-loving communities. The research analysed the number of car meets, auto events and motor shows in over 400 cities worldwide, along with the number of Instagram posts associated with each city’s car meets, to show how strong the car-loving … [Read more...]
New convertible cars hit 20 year low
U.K. buyers in the market for a new convertible car have the fewest models to choose from in almost 20 years. The latest annual Convertibles Report by CarGurus - a leading automotive marketplace in the U.K. to shop, buy, and sell used vehicles - found consumers have the choice of just 22 new convertible models from the U.K.'s 30 most popular manufacturersi. … [Read more...]
On-line car sales have limited appeal, trade believes
Limited potential for online-only motor sales was the top reason for the recent collapse of Cazoo, say dealers. Research from July’s Startline Used Car Tracker shows half of dealers surveyed said this was a problem, followed by 37% who said investors overestimated efficiencies that could be accessed through technology, and 35% that they failed to recognise … [Read more...]
Biggest profits carried off by Land Rover models
Land Rover models are the most profitable used cars to sell this year and give dealers the biggest mark-up in the shortest time. The Land Rover Discovery Sport moved the quickest off sites and produced the most profit in the first six months of 2024 according to Dealer Auction and reported by Car Dealer magazine. The Discovery Sport was in number one … [Read more...]
Welsh dealer Gravells profits soar across seven sites
Welsh car dealer group Gravells has seen profits almost double in 12 months. The seven-site Kia, Dacia and Renault dealership group has clocked up pre-tax profits of nearly £5m after a stellar 2023 on a turnover of £130.5m last year, it reported to Companies House. Gravell’s has Kia dealerships in Kidwelly, Narberth, Bridgend, Abergavenny, Swansea and … [Read more...]
Pent up demand about to be unleashed
Six out of 10 car dealers believe the second half of 2024 should improve on the first six months, suggest new findings as the new 74-plate is about to appear in September. July’s Startline Used Car Tracker shows that 35% believe consumer confidence is improving, 31% that interest rates should fall, 31% that stock supply is improving and 11% that the … [Read more...]
Tradelines 10 July
INEOS Automotive becomes part of a portfolio of 45 carmakers in the UK that have so far pledged their adherence to The Motor Ombudsman’s Chartered Trading Standards Institute best practice, and to going beyond the standards required by law with regards to the provision of new vehicles and new car warranties. The 4X4 maker’s accreditation under the Vehicle … [Read more...]
Tradelines 3 July
FJ Chalke & Vale Motors Isuzu proudly announced its sponsorship of local resident and esteemed customer John Binding, member of The Alaskan Malamute Working Association, as he competes in the World Sleddog Dryland World Championship in November 2024. The Alaskan Malamute Working Association, host of the WSA Dryland World Championship 2024, anticipates … [Read more...]
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