By leveraging online sales, UK auto retailers could reduce the transaction time taken to sell a vehicle by 75% and cut the costs incurred in the process by 45%, according to new research released by industry-leading automotive ecommerce solution provider GForces. The data indicates that, as per 2020, based on an annual used car market of 6.75 million sales, the industry could save £9.5 … [Read more...]
Golden hours to buying and selling shine on-line
There's a golden two hours window each day to buy or sell a car, according to data compiled by a leading software business which has looked at the booming on-line sales of vehicles. There was a time when customers used to spend precious hours of their weekends criss-crossing out-of-town retail parks to visit multiple showrooms before buying a car. Then, with the advent of car websites, online … [Read more...]