Over a quarter or 28% of UK drivers do not consider depreciation when they are buying a car, despite having a full understanding of it. One in five think that all cars depreciate at the same rate (men 16% and women 23%). Younger drivers under 35s (34%) are also twice as likely to think that all cars depreciate at the same rate as over 55s … [Read more...]
Motorists treating themselves after lockdown eases
The UK used car market woke up during May with motorists treating themselves to sports and luxury cars as they came out of the 10-week pandemic lockdown period according to the latest Market Watch insights report from Indicata.uk. Consumers seem intent on having some motoring fun with money saved from cancelled holidays and reduced family running costs … [Read more...]
Warning over collapsing dealer networks
Localised franchise dealer networks are “likely to remain important to fleets” says fleet software specialist FleetCheck following news that more are to close. Peter Golding, managing director at FleetCheck, said that a long-term situation was being created where many businesses were having to travel further for routine servicing, maintenance and … [Read more...]
Newslines 3 February
Automobili Lamborghini and The LEGO Group announce the new partnership introducing the first ever Lamborghini super sports car by LEGO Technic, the building system that allows older kids and adults to create more advanced, complex models. The new series will launch this summer. Production of the three-year-old Mercedes-Benz X-class pickup is ending in … [Read more...]
AA rely on WMS Group warranties
AA Cars has appointed the award-winning WMS Group as their new warranty provider in a move targeted to shake up the used car warranty market. An initial five-year deal will begin on 1 April 2020, where WMS will be responsible for the administration and claims handling of all add-on products under and affiliated to the AA Warranty brand including the Dealer … [Read more...]
Best selling used-cars surprises
Hyundai Tucson is the fastest-selling used car of 2019, while Ford and Vauxhall models dominate the best-selling list, reveals analysis by AA Cars used cars website. The Hyundai Tucson has repeated its success from 2018, with the model spending the shortest time on the site, compared to other car models, before being snapped up by speedy … [Read more...]
Service shocks shake drivers
Half of UK drivers (47%) worry about having to pay for unexpected car repairs when they get their vehicles serviced. The survey of 2,000 drivers for RAC MOT Assist found that it is those drivers in London, the West Midlands and Northern Ireland who get most agitated, with a majority of respondents in these areas saying they get concerned about hidden … [Read more...]
Used models are key to success next year
Maximising opportunities in the used car sector is likely to be essential to maximising franchise dealer profitability in 2020, says epyx. The company, which delivers the 1link Disposal Network remarketing platform, says that the new car market is unlikely to stage a recovery – but used demand should stay consistent. Vicky Gardner, head of remarketing at … [Read more...]
New sign for savvy car buyers
Savvy car buyers have a new sign to trust. It is extremely positive to see franchised retailers embrace NFDA’s Electric Vehicle Approved accreditation scheme which demonstrates the efforts the automotive retail industry is making to drive the growth of the electric vehicle sector, said Sue Robinson, Director of the National Franchised Dealers Association, … [Read more...]
Tradelines 18 September
During the typical service lifetime of a car, nearly 60% of owners are never contacted by the sales team of that mainstream servicing dealer. This easily missed opportunity for future sales has been highlighted by Cooper Solutions which urges dealers to bring together their sales and servicing departments to nurture relationships and drive sales with the … [Read more...]
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