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...]
Diesel demand is still strong in used sector – Cazana
Consumer demand continues to slacken and prices are softening, but there are surprises about the performance of diesel in the trade, writes Rupert Pontin, Director of Insight at Cazana. Just days after new car sales figures showed continuing weakness, the retail expert has looked at the situation of second hand cars. July is an interesting month at the best of times with market conditions driven … [Read more...]
VW Polo is fastest selling used model
SUVs and smaller family hatchbacks dominate a ranking of Britain’s fastest selling second hand cars, according to research by AA Cars,. The data reveals that Volkswagen’s Polo is the fastest selling car of the year so far, being advertised for the shortest length of time before being snapped up by eager buyers. Motorists have also been quick to purchase Ford Fiestas and Peugeot 2008s, with the … [Read more...]
New to used gap widens and choices expand
As used car sales surge, the gap between demand for used and new vehicles gets ever starker, said Seán Kemple, Director of Sales at Close Brothers Motor Finance. Consumers shifting to cheaper cars due to the economic uncertainty caused by Brexit and the global slowdown is certainly a factor. But, so too is the challenge in supplying customers the makes and models of new vehicles that … [Read more...]
Newslines 17 May
About 42% of Cardiff commuters admit to being stressed by their journeys and the Welsh capital ranks eighth in the list of the UK’s top ten worst cities. The poll for property company Good Move put York and London at the top of the stress list with 51% of drivers affected. New info-tainment systems are proving a headache for owners of the latest cars with unreliability the main feature of … [Read more...]
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