Dealer worries over the growth of agency agreements have doubled in the last month, according to October’s Startline Used Car Tracker. The factor was named as a future challenge to their business by just 22% of used car retailers in September but has jumped to 42% this month. Paul Burgess, CEO at Startline Motor Finance, said, “For most of this year, around 20% of dealers have mentioned … [Read more...]
Motorists expect higher costs in 2024
Motorists expect the cost of running their car to continue to rise across all major areas of spending in 2024, new research shows. October’s new Startline Used Car Tracker shows that 70% think congestion zone charges will rise and the same percentage expect service and maintenance to increase. Other costs expected to go up include motor insurance (67%), tyres (65%) and petrol (55%). Paul … [Read more...]
Car sales slipping as autumn nips in
The number of dealers feeling negative about the used car market has almost quadrupled in a month, according to this month’s Startline Used Car Tracker. In November’s survey, 49% say they are pessimistic in outlook compared to 13% in October. Conversely, the percentage who are optimistic has fallen from from 23% to 8%. Dealers whose view of the market is unchanged have remained stable at 42% now … [Read more...]