The arrival of the agency model and availability of motor finance are emerging as growing worries for used car dealers, shows August’s Startline Used Car Tracker. When asked about the biggest challenges facing them for the future, the agency model was mentioned by 27% of respondents, the highest monthly figure recorded since this factor was added to the … [Read more...]
Brimming your tank is past it
Almost one in five motorist, around 18%, are no longer “brimming” their tank when they fill up with fuel due to rising mortgage and rent costs. The impact of high housing expenditure on personal finances also means 12% have stopped using their car altogether while 10% want to swap their current model for one that costs less to run - and 5% may have to sell … [Read more...]
Legend car makers facing end of the road
Around 51% of car dealers think that the arrival of new Chinese electric vehicle companies in the UK market will force some established manufacturers out of business. Startline’s June Used Car Tracker also shows that 31% believe some existing brands are already falling behind and 36% say that the next few years will see them fold thanks to tougher … [Read more...]
Stocking issues continue for dealers
More dealers say that stock supply is currently the biggest challenge facing their business than at any point in over a year. May’s Startline Used Car Tracker shows that 84% believe it is their number one concern. This is the highest level since the monthly survey first began 13 months ago, with the previous high of 77% being recorded in July … [Read more...]
Self-driving cars steer cautious welcome
More than two-thirds of motorists (67%) are ready to start using self-driving cars, new research shows, in the same month that the UK’s first hands-free driving technology has been launched. Following approval for Ford’s Mustang Mach-E to use BlueCruise driver assistance, May’s Startline Used Car Tracker reports that 43% say autonomous technology would make … [Read more...]
EV batteries’ life expectency misunderstood
More than half of consumers “hugely overestimate” the time it takes for used electric car batteries to lose range, according to April’s Startline Used Car Tracker. Asked to estimate typical range loss after five years, 56% said they expected the fall to be 30% or more. In fact, research shows the real world result is likely to be less than half this … [Read more...]
Motorists returning to dealerships away from online
The cost of living crisis is driving car buyers away from online purchases and into dealerships – with many expecting to bag a better deal by meeting the retailer in person, new research shows. April’s Startline Used Car Tracker reports that 55% of people have become less likely to buy a car online because of pressure on personal finances with 31% … [Read more...]
Testing time runs out for MoT change view
A split is developing over the Government’s proposal to extend the first MoT Test from three to four years. Consultation on the proposal ends tomorrow night. The Independent Garage Association (IGA) has responded to the Department for Transport’s (DfT) consultation proposing changes to the MOT frequency and other MOT enhancements. Stuart James, IGA Chief … [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 … [Read more...]
Annual average car costs rise by £1,000
Annual average car costs have risen by almost £1,000 – an increase of around 20% – since the start of 2022. November’s Startline Used Car Tracker research suggests motorists' annual spending on fuel, insurance, servicing and car finance had risen by £80 a month. The biggest single increase was seen in fuel at £37 per month but insurance and motor car … [Read more...]
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