Almost half of dealers (45%) say the ending of employee car ownership schemes will hit staff attraction and retention. May’s Startline Used Car Tracker also finds that 38% think the schemes are an important benefit for dealer staff while 41% believe “a lot” of current government actions are negatively affecting car dealers. Paul Burgess, CEO at … [Read more...]
Minimum wage rise drives down dealer profits
More than half of dealers (52%) say the higher minimum wage introduced in April is having the biggest single effect on their profitability this year, new research shows. Other factors hitting margins mentioned in May’s Startline Used Car Tracker include more expensive stock (45%), premises costs (41%) and increased employer national insurance contributions … [Read more...]
Five minutes could overtake a century of motoring
Almost three-quarters of motorists (72%) say they would switch to an electric car that offered 250 miles of range from five minutes of charging, according to new research. Technology capable of delivering this was recently unveiled by BYD, and in Startline’s May Used Car Tracker, 36% of respondents point out it’s almost as fast as refuelling with petrol and … [Read more...]
Dealers win over “Agency” sales plan
Seven out of 10 dealers (71%) say the industry wide shift to the agency sales model is “effectively over” according to new research. April’s Startline Used Car Tracker shows that 33% believe agency hasn’t worked for most dealers, 31% that most manufacturers are abandoning their plans, and 10% that the model is bad for customers. Ineos is the latest brand … [Read more...]
Brands’ boycott looming after tariffs take hold
A majority of Brits say they will boycott brands from a country imposing tariffs on UK models. Almost six out of 10 people (59%) say they are less likely to buy a car from a country imposing tariffs on UK-made models. While the UK imports comparatively low numbers of US made models, there could be reaction to brands with US links, such as Tesla (shown … [Read more...]
Newslines 25 March
Jaguar is preparing to launch the first of three new cars at the end of this year and stablemate Land Rover is said to be preparing to show a new electric Range Rover about the same time. Global Data.com has reported production numbers might be low for the Jaguar to maintain exclusivity but the market might also consider them too expensive and future LR … [Read more...]
20mph limits should cut premiums, say drivers
More than a third of motorists (36%) would welcome wider use of 20mph speed limits if it meant savings on their car insurance, say researchers. March’s new Startline Used Car Tracker also shows that more than half (54%) would be happy to see lower speed limits generally if it meant cheaper premiums. The question was asked following a report from … [Read more...]
Confidence rises among used car buyers
More than half of dealers (53%) say consumer confidence is up – a six-month high for the Startline Used Car Tracker and a sharp increase from 34% in February. March’s research also records a smaller improvement in the percentage of dealers who believe the state of the economy is better – from 21% last month to 24% now. However, the data also indicates some … [Read more...]
Dealers growing concerns over EVs
This month has seen a big jump in the number of dealers who believe that electrification is the biggest challenge facing their business. February’s Startline Used Car Tracker shows that more than six out of 10 dealers (62%) say that selling electric cars is an issue – up from 45% in December. Other rising concerns include a reduction in desire for car … [Read more...]
Charge-point shortage is deterring drivers, says Startline survey
Six out of 10 motorists say there aren’t enough electric car chargers in places where they want to drive. February’s Startline Used Car Tracker also shows that 36% say there is a shortage of chargers near where they live and 28% on longer journeys where they drive regularly, while 23% wouldn’t buy an electric car because of poor charger … [Read more...]
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