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Volume networks feeling the pressure from luxury brands and supermarkets
- March 18, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
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Volume dealer networks are feeling the squeeze by luxury brands in the new car market and rapidly expanding car supermarkets within the used car sector. Speaking on the situation, APC’s managing director Bill Bexson said: “The motor retail market has become increasingly segmented with both the so-called prestige brands like Mercedes-Benz, BMW, Audi, and Jaguar
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29% of motorists allowed their MOT certificate to expire
- March 12, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
A new study conducted by Kwik Fit has revealed that 29% of British motorises have forgotten to renew their MOT certificate before their existing one expired. Based on a sample size of 2,000, this percentage could be relative to roughly 11.6 million UK motorists. A further 16% of respondents admitted to repeatedly forgetting to renew
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Transport Watchdog Launches Website to Report Poor Road Signs
- March 11, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
Many of us have felt the frustration of being unable to correctly read a road sign because part of it is missing, its dirty, covered by overgrown foliage, or has been vandalised. Not only is a poor road sign frustrating, but it’s also pretty dangerous. That’s why transport watchdog Transport Focus has set up the
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BCA Celebrates All-time High For LCV Values
- March 10, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
BCA has revealed that light commercial vehicles (LCVs) hit an all-time high this previous January. Prices hit £7,636 which was a £343 (4.7%) increase from their December 2019 figures. Fleet and leased LCVs averaged out at £852, increased by £199 (2.3%) compared to December, and is also the highest ever monthly value recorder for corporate
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DVSA Announces Changes to Theory Test
- March 2, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
We’ve all been there, that bane of our learner years; the dreaded theory test. Considered by many aspiring drivers to be a tricky hurdle they need to overcome in the hopes of hitting the road, the UK’s Driver and Vehicle Standards Agency (DVSA) have recently announced that there will be changes to the theory test
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Margin compression still a big worry for dealers
- February 27, 2020
- Posted by: John Swift
- Category: Automotive Industry
Squeezing profit from their vehicles while remaining price competitive is a continuing headache for dealers who are paying more for the most popular stock – small and mid-size cars – and the picture is unlikely to get much better this year, analysts say. The headline figure of a 1.1% rise in the prices paid by
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Parking Mishaps Cost UK Motorists £1.5b Each Year
- February 25, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
Research recently conducted by Skoda UK into our driving habits found that around 3.74million motorists in the UK caused damage to their vehicles while parking in 2019, landing them with an average repair bill of £396. When added up this comes to an eye-watering total of £1.5 billion! As part of their research, Skoda UK
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Three-tier used van market puts sub-100,000 mile Euro 5 stock in pole position
- February 24, 2020
- Posted by: John Swift
- Category: Automotive Industry
Demand for second-hand vans is driving an exceptionally strong market which is forecast to be busier than 2019’s and it is Euro 5 units with less than 100,000 miles finding favour among independent retailers. Manheim has put more flesh on its recent report which said LCV buying prices last month were up by around £350
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Auto Trader Reports All-Time High in Consumer Car Buying Interest
- February 21, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
The UK’s leading automotive marketplace, Auto Trader, has reported a bumper month for car buyers visiting their site in January. Up five percent on their previous record set in March 2019, Auto Trader recorded a whopping 58 million visitors across its various platforms. This news shows increasing confidence in dealers being able to move stock
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The Financial Conduct Authority Hits Motor Trade
- February 20, 2020
- Posted by: John Swift
- Category: Automotive Industry
The motor trade has again been warned to tighten up its act after the Financial Conduct Authority stepped in at two businesses this week, fining one more than £2.75 million for events several years ago and ordering another to take down online adverts. Finance house Moneybarn, which mainly lends to sub-prime borrowers, was the first
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