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...]
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...]
Technology overwhelming small traders
Used car dealers are being blitzed with new IT hardware and software to an extent that used car dealers’ efficiencies could be impacted when adopting new technology, according to V12 Vehicle Finance. As part of its road map to develop and launch its used stock funding, dealer stocking and consumer finance proposition, the V12 team researched the sector to … [Read more...]
Sellers admit to lying to get rid of a vehicle
According to online vehicle purchasing company SellCar, almost 1 in 5 owners have admitted to lying in order to shift the vehicle. Some of the lies that have been told by those wanting a quick sale include those about the brakes to the tyres to the mileage and even the car history, with 45% of those admitting they just wanted to get the sell. It seems … [Read more...]
