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Used Car Dealers Must Adapt as Stock Acquisition Becomes Increasingly Challenging
- December 12, 2018
- Posted by: Kari Jones
- Category: Automotive Industry, Tips For Dealers
No CommentsWith demand for used cars higher than it’s been in years, retailers are having to turn to alternative methods and adapt their acquisition strategies to compensate. Remarketing expert, Manheim has recently conducted a dealer sentiment survey, in which used car dealers have expressed their views about the current trends. Survey Findings In response to difficulties
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One in Four Car Dealers Believe Used Margins Have Improved Despite Higher Wholesale Prices
- November 8, 2018
- Posted by: Celine Evans
- Category: Automotive Industry, News
With high levels of demand for used cars introducing more competition amongst dealers and wholesale price rises, there have been concerns about this having a negative on profit margins. However, recent data from Next Gear Capital and Cox Automotive suggests that this is not the case. NextGear Capital’s Report In their latest sentiment survey, NextGear
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Forecast: Growth for Used Cars in Q1 2019!
- October 25, 2018
- Posted by: Shahinur Miah
- Category: Automotive Industry, News
Good news for used car dealers as an insight report from Cox Automotive and Grant Thornton on the UK market has predicted a 2.5% growth in Britain’s used car sector for Q1 of next year, with around 2.08m vehicles finding buyers. The report also anticipated a slight Q4 fallback of – 0.5% for 2018, which was due to the
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Is Your Car Dealership WLTP Ready?
- August 30, 2018
- Posted by: Kari Jones
- Category: Automotive Industry, Tips For Dealers
On the 1st of September, the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) is due to take effect, and many car dealers are still unaware of exactly what it is or how it is going to impact their vehicle sales. A recent sentiment survey conducted by Manheim revealed that 14% of dealers do not know
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Mid-Year Overview of Used Car Market Demand
- June 21, 2018
- Posted by: Kari Jones
- Category: Automotive Industry, Tips For Dealers
With the first half of 2018 nearing its end, it is time to start reviewing your dealership’s performance and looking at improvements to be made in the next half. Generally, it has been a very positive six months for the used car market and auctioneers are seeing high levels of demand, particularly for ready-to-retail stock.
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