-
Margin compression still a big worry for dealers
- February 27, 2020
- Posted by: John Swift
- Category: Automotive Industry
No CommentsSqueezing 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
-
5 Social Media Ideas to Get Customers Engaging
- February 26, 2020
- Posted by: Kirsty Sidley
- Category: Tips For Dealers
They say that you need to be in it to win it, and social media is no different. With Statista reporting 45 million active social media users in the UK, everybody in business knows that you need to have a social media presence to succeed. Ask yourselves though, “is that enough?” Advertising the latest vehicles
-
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
-
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
-
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
-
January Sees Another Sales Boom after Sleepy December for Third Year in a Row
- February 19, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
Car Dealer Magazine recently reported that motor retailers around the UK experienced a marginal loss for the month of December. While true, this is also the third year in a row that it’s happened – and we’re here to tell you why there’s no reason at all to panic. We compared sales data from ClickEngage
-
Manheim sees healthy demand for used vans but warns of stock shortages for cars
- February 10, 2020
- Posted by: John Swift
- Category: Automotive Industry
Dealers are paying slightly more for second-hand vans at auction knowing that strong retail demand will soon move them from the forecourts with a good profit margin. Auctioneer Manheim says that last month LCVs were selling at an average of around £6,500, some £350 up on December, and four out of five sold the first
-
Margins under pressure this year say independent dealers
- February 6, 2020
- Posted by: John Swift
- Category: Automotive Industry
Independents in the second-hand car and van market face a triple challenge this year which will squeeze margins and make it difficult to grow profits this year compared to last. In its annual ‘State of the Nation’ survey of both franchised and independent retailers, Cox Automotive says that used car dealers will battle three interlinked
-
2020 Used Car Demand ‘Unprecedented’ Say Auction Houses
- January 23, 2020
- Posted by: John Swift
- Category: Automotive Industry
Three weeks into the new year and already trade insiders say that demand for used stock is running at ‘unprecedented’ levels with all the metrics in auction halls pointing to a healthy market. Manheim says that it has seen conversion rates running at better than 90% with many vehicles beating their CAP Clean value and
-
Focusing On Profit Is The Big Challenge For 2020 Says Independent Dealer
- January 3, 2020
- Posted by: John Swift
- Category: Automotive Industry
Putting the focus on making money from a deal rather than just moving metal, absorbing the new FCA restrictions on finance commission, sourcing quality stock as competition hots up and watching the possible impact of disruptors such as Cazoo entering the market will be the main challenges for dealers in 2020, says one of the
Contact us today to discuss our bespoke core website and dealer management system packages with one of our friendly Clickers!
REQUEST A CALL BACK.
Would you like to speak to one of our advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.