Depreciation is any new car owner’s worst nightmare, with cars being notorious for dropping in value as soon as the leave the forecourt of the dealership. However, not all cars are made equal when it comes to depreciation, with some faring better than others over the course of a few years, or indeed their lifespan. There are also several factors that can … [Read more...]
Government call for dealing with future classics
Car enthusiasts and industry can now have their say on how to best preserve iconic classic cars like the DMC DeLorean, MkII Jaguar and James Bond’s Aston Martin DB5 for decades to come. The Government has launched a call for evidence to gather views on how classic and historic cars can be preserved for future generations and boost jobs in the £18 billion … [Read more...]
Used car sales booming as new regs slow
The UK’s used car market rose by 6.5% in the first quarter of 2024 with 1,967,923 units finding new owners – the strongest start to a year since pre-pandemic 2019, according to the Society of Motor Manufacturers and Traders. Earlier this week, the car makers' body in Britain reported a dramatic slowdown in new car sales, particularly among retail … [Read more...]
Make money from these models, say Carwow
New figures revealed UK car dealers’ 10 most in-demand models, with owners being advised they could get a better price if they sell as soon as possible. Overall, the Volvo XC40 was identified as the country’s most sought after car by dealers. As high demand can often have a positive impact on a car’s value, this means owners have an opportunity to receive a … [Read more...]
Used cars ‘haggle margin’ eases sales
Almost half of dealers (47%) build a small “haggle margin” into the price of their used cars, new research shows. April’s Startline Used Car Tracker also shows that 22% agree customers feel better about their deal if they achieve a small discount – although 33% believe fewer customers walk away because they don’t get the discount they want. Paul Burgess, … [Read more...]
Uncoiling the myths about future EVs
Forthcoming advances in electric vehicles (EVs) are the focus of a new white paper by the Vehicle Remarketing Association. Called “The Future of Electric Vehicle Technology”, it has been written by battery electrochemist Euan McTurk, creator and presenter of Plug Life Television, a YouTube channel about EVs. It covers topics including diversification of … [Read more...]
Kia is king among dealers, trade survey shows
Kia dealers are the happiest in UK, but Jaguar franchise holders are most pessimistic. Dealer satisfaction regarding current profit returns have experienced a slight decrease, with an average score of 6.1, down by – 0.1 from the Summer 2023 edition (-1.6% change) of surveys by the National Franchised Dealers Association. Assessing the trends, from previous … [Read more...]
Zero Servicing suggestion is non-starter, says FleetCheck
Working towards towards “zero servicing” – with vehicles never having to visit workshops unless a fault was detected – presents huge dangers for vehicle operators, says FleetCheck. Peter Golding, managing director, was responding to recent news that Tesla is recruiting staff for a project called “Zero Service” under the banner, “At Tesla, we believe that … [Read more...]
Tyre companies must pay for recycling, says expert
Business Waste is advocating for a change in the UK's tyre disposal and recycling regulations. As one of the UK’s leading waste management companies, it says Britain produces over 50 million used tyres every year, which is currently costing the population over £270 million to recycle. Current industry laws mandate responsible tyre disposal to prevent … [Read more...]
Golden anniversary of Mitsubishi in Britain
Mitsubishi Motors in the UK is celebrating its 50th year of trading in 2024 and is marking the anniversary with a calendar of events to honour the brand and its heritage. The 50th anniversary year kicked off in February at the annual Mitsubishi Motors in the UK Aftersales Conference. The event brought together all 110 Mitsubishi aftersales dealers across … [Read more...]
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