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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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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
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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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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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THE KEY TO UNDERSTANDING DATA AND THE BEST ADVERTISING CHANNELS TO MAXIMISE YOUR MARKETING PART TWO
- August 6, 2019
- Posted by: Josh Locke
- Category: News, Tips For Dealers
We’re doing our part as the industry’s leading dealership performance partner by offering some simple and easily implemented marketing tips, to save you time and maximise your profits and efficiency. This is part two of our tips list, filled with some helpful advice so that you can navigate the relentlessly changing marketing side of the
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Former Employer Fined For Staff Data Protection Breach
- July 29, 2019
- Posted by: John Swift
- Category: Automotive Industry, News, Tips For Dealers
Car dealers are being urged to make sure their data protection systems are robust and working after an employee of one motor firm was sentenced to prison for accessing personal information without permission – and his former employer faced huge costs as a result. In the first case of its kind, brought up earlier this
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Do Hybrids Pose Dangers For Dealers?
- July 1, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers handling hybrid or electric vehicles either on their forecourts or workshops have been advised that they should not face higher insurance premiums – but have been issued with a health and safety warning about the dangers of lithium-ion batteries catching fire. The Independent Garage Association says it has heard that some members are being
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AFV Shortage Means Good Profit Chance For Dealers
- June 27, 2019
- Posted by: John Swift
- Category: Automotive Industry
Used car dealers can make a good margin on second-hand hybrids or electric vehicles with a new report showing their values accelerating into the fast lane with a growth of nearly 5% as demand far outstrips supply. The latest Auto Trader Retail Price Index shows that Alternative Fuel Vehicles (AFV) are seeing spectacular rises and
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Tech To Transform Used Car Business In Next Five Years
- June 21, 2019
- Posted by: John Swift
- Category: Automotive Industry
Used car retailers will see online auctions overtake physical sales, franchised dealers will take an even bigger part of the market, sales systems will have to be far more integrated and digital-only dealerships will begin to replace forecourts – all within the next five years. These are some of the predictions from NextGear Capital, part
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Second Hand Prices To Stabilise With Diesel Holding Strong
- June 13, 2019
- Posted by: John Swift
- Category: Automotive Industry
Prices in the used sector are going through a period of correction after petrol was boosted to a peak last summer but the market should stabilise going ahead and diesel becomes relatively more attractive, an analyst has said. Andrew Mee, head of forecast at cap HPI, said prices have been “volatile” for the past couple
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