Investigations during Tyre Safety Month revealed all used-tyre retailers were selling illegal and dangerous tyres. In total, 18 investigations were carried out involving 68 traders, all bar one of whom were supplying tyres which contravened the legislation governing their sale and more concerning, of the 129 tyres inspected, 75% were unsafe. Over 700 … [Read more...]
Used car sales steady after new cars collapse
Britain’s used car market remained near recent record highs in the third quarter of 2018, according to the Society of Motor Manufacturers and Traders. Despite a sales dip of -2.1% compared with the same period in 2017, there were 2,057,457 used transactions in Q3, with August the quarter’s best-selling month and the Ford Fiesta was most popular with … [Read more...]
CarWizz is a word to the webwise
A new platform called CarWizz enables automotive retailers to take back control of online vehicle sales and significantly reduce ageing new car stock. By only advertising list price figures for stock vehicles, CarWizz returns full control of negotiations and deal quality to retailers while also facilitating lower operating costs and informing future … [Read more...]
Defender takes some beating
It went out of production two years ago, but automotive data experts hpi say the Land Rover Defender is the best possible 4x4xWinter. With prices soaring as they become rarer, you may have to look at something else so they have identified a selection of great performing SUV’s perfect for wintry road conditions. Hpi analyst Mark Bulmer looked at a wide … [Read more...]
Used prices rising as new cars stall
Nearly new car prices are escalating in the wake of a shortage of new cars due to tougher emissions tests in factories. Prices in the used vehicle sector are being artificially inflated post-WLTP as competition hots up amongst buyers for nearly new and ex-fleet stock according to Shoreham Vehicle Auctions. And they are likely to stay this way until … [Read more...]
VW camper holds strong residuals for “staycations”
Owners of Volkswagen California camper vans are sitting pretty after data from automotive experts reveals that the vehicles are experiencing very little depreciation, making them a much sought after investment for motorists who love life on the road. Based on the 2.0 California TDI BlueMotion Tech Beach 150 5dr DSG model (1767 plat), the depreciation is … [Read more...]
Releasing cuts costs not corners
A used car leasing product aimed at businesses and consumers has been launched by Arval in the UK. Called Arval Re-Lease, it is up to 20% cheaper than a new, equivalent model. The vehicles on offer are taken from Arval’s own fleet, have fewer than 30,000 miles on the clock and are less than 30 months old. They are also hand-picked to make sure they … [Read more...]
Trade prices rising on shortages
Trade prices for good quality used cars have reached a level where it is almost impossible for many dealers to make a profit on the windscreen price and they are instead relying on returns from their F&I department, says the Vehicle Remarketing Association. The organisation says that demand in the used sector for almost all kinds of stock is at levels … [Read more...]
Tradelines 10 October
Fleets and dealers are starting to develop a modern, online version of the traditional “motor trade knowledge” to buy and sell vehicles, reports epyx. The development is the result of increasing use of more than one online channel over the last 2-3 years, meaning that there is greater awareness of the strengths of each platform for different types and … [Read more...]
Welsh motorists tailing UK buying average
Just over a third of Welsh drivers would consider buying a new car, some way behind the national average. They are also less likely to look at a second hand car than the average and more likely to put up with their present model. But the gap is narrowing and with sales incentives in showrooms the car sales market is hotting up between new and … [Read more...]
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