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Volume networks feeling the pressure from luxury brands and supermarkets
- March 18, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
No CommentsVolume 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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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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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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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
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Dealers planning software updates to stop lead leakage
- February 17, 2020
- Posted by: John Swift
- Category: Automotive Industry
Many dealers are using a simple paper or spreadsheet-based system to track and manage their leads after customers make the initial contact, potentially letting sales slip through the net. The latest annual state-of-the-nation survey by CarGurus, its One Voice Report, reveals that more than a quarter (26%) of used car dealers still rely on pen
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Drivers are in-market and ready to buy says Auto Trader
- February 13, 2020
- Posted by: John Swift
- Category: Automotive Industry
Auto Trader recorded a record month in January with 58 million cross-platform viewings which it says confirms its view that consumer confidence is growing in the market and more people are looking to change their vehicle. The leading digital portal saw a 5% rise from its previous best set last March and as well as
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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
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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
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