The used car market is beginning to show signs of greater activity with the increase in the number of dealers transacting car sales online rising by the day. Now that socially distanced delivery has been introduced, both business and consumer confidence is starting to grow, and more dealers are being able to transact the whole purchase process in a more seamless fashion making the customer … [Read more...]
Used car market declines – for now
The UK’s used car market declined by -8.3% in the first quarter of 2020, said the Society of Motor Manufacturers and Traders. Growth in January and February, up 2.9% and 4.0% respectively, was wiped out by a -30.7% fall in March, making it the lowest March on record as coronavirus measures that came into effect and closed retailers. Demand for pre-owned plug-in electric vehicles grew … [Read more...]
Traders attack new consumer advice
Car dealers and auction houses have fallen out with trading standards officers. “It is disappointing that following a number of responses, including our detailed comments on the draft guidance consultation, the Chartered Trading Standards Institute has ignored the majority of the issues NFDA had outlined alongside other industry trade bodies”, said Sue Robinson, Director of the National … [Read more...]
Welsh drivers want a ‘goer’ before a green car
Welsh drivers buck the trend and value a reliable car above an environmentally “green” car, according to a poll for AA Financial Services. Nationally, drivers are more concerned about green credentials (24%), than cost-efficiency (18%) when buying a new car, according to new research from AA Financial Services, but they view it very differently in Wales. The data also shows that older drivers … [Read more...]
More buyers looking at used cars
It is positive to see that the used car market grew in the last quarter of the year, said Sue Robinson, Director of the National Franchised Dealers Association. The used car market saw a growth of 2.4% in the last quarter of 2019 with 1,804,343 transactions. Overall in 2019, the used car market finished almost on par with the previous year with a marginal decline of -0.1% and a total of 7,935,105 … [Read more...]
AA rely on WMS Group warranties
AA Cars has appointed the award-winning WMS Group as their new warranty provider in a move targeted to shake up the used car warranty market. An initial five-year deal will begin on 1 April 2020, where WMS will be responsible for the administration and claims handling of all add-on products under and affiliated to the AA Warranty brand including the Dealer Promise and Approved Dealer networks As … [Read more...]
Best selling used-cars surprises
Hyundai Tucson is the fastest-selling used car of 2019, while Ford and Vauxhall models dominate the best-selling list, reveals analysis by AA Cars used cars website. The Hyundai Tucson has repeated its success from 2018, with the model spending the shortest time on the site, compared to other car models, before being snapped up by speedy buyers. SUVs and smaller family hatchbacks … [Read more...]
Used models are key to success next year
Maximising opportunities in the used car sector is likely to be essential to maximising franchise dealer profitability in 2020, says epyx. The company, which delivers the 1link Disposal Network remarketing platform, says that the new car market is unlikely to stage a recovery – but used demand should stay consistent. Vicky Gardner, head of remarketing at epyx (right), said, “Whatever the … [Read more...]
Dealers offered one-stop check on vehicles
Thousands of motor traders across the UK will be able to perform a provenance check and value a vehicle using a new one-stop portal from Cazana and Experian. In this fast-changing market dealers need accurate, real-time insight on which cars to buy, their provenance and how to price vehicles appropriately to attract consumer demand. The companies’ new joint offering combines Experian’s AutoCheck … [Read more...]
Massive on-line used cars’ website launches today
A new online marketplace for used cars launches in the UK today. The website heycar.co.uk is on a mission to bring greater trust and transparency to one of the UK economy’s largest retail sectors. The brand will do this by creating a superior user experience for consumers and dealers, launching with an inventory of over 100,000 listed vehicles from nearly 50 brands across 1,400 … [Read more...]
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