New research has revealed the most commonly experienced issues drivers face when trying to sell their car privately, with hagglers being named as the most frequent hindrance. Just over a quarter (28%) of sellers said they have encountered unreasonably low offers and haggling from buyers, making it the most common problem in the poll. The findings come … [Read more...]
Consumer Credit Act Changes proposed
NFDA welcomes Government’s commitment to modernise consumer credit laws, which will make motor finance more accessible for consumers, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. Last week, the Government announced its commitment to reform the 1974 Consumer Credit Act, which includes car finance regulations for hire … [Read more...]
Fuel shortages drying up car sales, says finance company
The ongoing fuel crisis is detering new car buyers, according to Close Brothers Motor Finance. A fifth (20%) of the UK public admit the fuel shortage up and down the country has put them off buying a new car. The research, which examined the impact of the national fuel shortage on car buying, found that well over a quarter (27%) say the crisis has … [Read more...]
Tradelines 28 July
North Wales Motor Company, Llandudno has added Kia to its Honda new car franchises. It also services and sells used Lotus Cars and will run the Korean car operation from a former Peugeot site on Argyll Road, Llandudno. Gravells, of West Wales, has expanded into England. The booming Kia business is the sixth outlet by the family and will operate out of … [Read more...]
Seeing is believing say car buyers
While the pandemic has accelerated online buying across multiple sectors, most drivers are not quite ready to take the leap and buy a new car online without seeing it first. According to Close Brothers Motor Finance’s Britain Under the Bonnet Report, a new car tops the list of things that people would research online but need to see in real life before … [Read more...]
Covid-19 polarises buyers around the nation
Covid-19 has polarised the world, and the nation – including car buyers. According to research from episode one of the annual Britain Under the Bonnet report, from Close Brothers Motor Finance, some 38% of drivers are more likely to delay buying a car due to the economic uncertainty caused by Covid-19 and Brexit, while 12% have brought forward their … [Read more...]
Motor industry at cross-roads, suggests global survey
Car buyers around the world have different opinions on their next vehicle choice, according to an international survey by Arthur D Little researchers. The report entitled ‘The Future Of Automotive Mobility’ based on a survey of over 8,500 end customers in 13 countries shows that global automotive markets are currently at crossroads. While the study … [Read more...]
BREAKING NEWS: Welsh showrooms can reopen next week
Car dealerships in Wales can resume normal trading with local customers from Monday morning. The Welsh Government earlier announcing the post-lockdown actions said non-essential businesses which closed at the beginning of last week can reopen with social distancing safeguards in place. Dealerships in England must close on thursday for a month under … [Read more...]
Buyers back in the driving seats
Car buyers are flocking back to showrooms and forecourts, said the National Franchised Dealers Association. Through the findings, NFDA aims to assess the implications of the COVID-19 lockdown on the automotive retail sector and understand how the industry is now recovering. Their survey asked dealers questions about their return to work including the … [Read more...]
Auction action accelerates
Auction houses are experiencing strong vehicle values and a strong demand for stock, according to the National Association of Motor Auctions. While the majority of auction houses are not yet opening their auction halls to buyers, they continue to be very busy with on-line sales. Used vehicles are in keen demand from consumers post-lockdown as many look for … [Read more...]
