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Focus On Subprime Finance In 2020 Say Dealers
- December 10, 2019
- Posted by: John Swift
- Category: Automotive Industry
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Most dealers expect there will be a resurgence in subprime finance next year for used car purchases as lenders rein back on how much – and to whom – they are prepared to advance. Startline Motor Finance says its own surveys show that a clear majority of around two-thirds believe that near-prime, or subprime, finance
Cazoo Model Challenges Traditional Dealers
- December 6, 2019
- Posted by: John Swift
- Category: Automotive Industry
Used car retailers working the traditional model of having a forecourt, website and using digital sales platforms face a new challenge from the man behind the Zoopla property portal with the launch of a fully online and end-to-end service which he says will `Amazon’ the trade by transforming customer service and expectations in the sector.
Racy Advertising Could Land Dealers In Trouble Warns Watchdog
- December 3, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers advertising used cars and especially higher powered ones should steer clear of pushing its performance in a way which could encourage reckless driving by the next owner. Words or images which promote what the Committee of Advertising Practice (CAP) describes as `unsafe or irresponsible driving’ will fall foul of Section 19 of its Code
Values Stabilise After ‘Rollercoaster’ Year
- November 29, 2019
- Posted by: John Swift
- Category: Automotive Industry
Second hand car values stabilised this month after price corrections earlier in the year, say trade analysts. This month has seen far less activity and fluctuation, even allowing for the usual early winter slowdown, than in previous years. Cap HPI says that vehicle values overall fell just 0.6% at the three-year/60,000 mile point against a
Dealers See Sales Chance With Cheaper Used EVs For Urban Buyers
- November 27, 2019
- Posted by: John Swift
- Category: Automotive Industry
Second-hand EVs are splitting into a ‘two-speed market’ as buyers increasingly looking for cheaper ones are pushing up their values while the more expensive premium models struggle. Just days after the SMMT published a report showing a 13% sales growth in Q3 for used hybrids and pure EVs, Cap HPI has now said that dealers
Cars Sales Jobs Pay Less And Is Heading Down Says Recruiter
- November 21, 2019
- Posted by: John Swift
- Category: Automotive Industry
Car sales executives are being paid less now than a year ago and jobs are harder to find with half the number of vacancies advertised compared to 12 months ago. The data from national jobs board, Adzuna, lays bare the state of the employment market for people in the trade looking to change their position
Van Retailers Face Mixed Messages From The Market
- November 18, 2019
- Posted by: John Swift
- Category: Automotive Industry
Used van retailers are facing difficult trading conditions as their customers hold back from buying decisions and the market gives out mixed messages, subdued in some areas but more buoyant in others. According to the latest report from Glass’s, wholesale auction activity in September slowed while businesses wait for the political and economic situation to
Used Hybrids Continue Their Charge Up The Market
- November 14, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers still wary of stocking second-hand hybrids are missing out on sales opportunities with the latest Q3 data showing demand accelerating into top gear as they recorded growth of 13% in the three month period. Figures from the Society of Motor Manufacturers and Traders show a healthy used car market in Q3 with year-on-year sales
Dealers See Strong Business In Used LCVs
- November 11, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers are stocking up with second-hand vans and LCVs as a plentiful supply at auction was met by increasing demand as a leading remarketer said that buyers had to bid competitively to stand a chance of getting the vehicle. Manheim reported that first-time sales of commercials stood at 84% in October, up slightly on September’s
City Centre Diesel Ban No Threat Says Dealer
- November 8, 2019
- Posted by: John Swift
- Category: Automotive Industry
Demand for diesel used cars and vans will continue just as strong as before says a dealer who believes the recent announcement by Bristol City Council to ban diesels within a central area from 2021 will have next to no effect on sales in the second-hand sector. The city council is to exclude privately-owned diesel
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