Contact Us - Available 7 Days
01782 478 220
help@clickdealer.co.uk
5 Star Reputation – Digital Experts for Independent Dealers
-
Margin compression still a big worry for dealers
- February 27, 2020
- Posted by: John Swift
- Category: Automotive Industry
No Comments
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
-
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
-
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
-
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
-
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
-
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
-
Dealers need wider range of finance options
- February 4, 2020
- Posted by: John Swift
- Category: Automotive Industry
Dealers should be pushing for their lending panel to include a wide range of options as the traditional binary prime/sub-prime model offered by more than half of them no longer fits buyers’ credit profiles. One lender, Startline Motor Finance, says the market needs more sophisticated options and a much wider range of them to suit
-
Car Buyers Want To Know Their Rights
- January 16, 2020
- Posted by: John Swift
- Category: Automotive Industry
Customers buying a used car or van are increasingly turning to the industry standards watchdog for information and guidance so they know their rights and are better prepared in the event of a dispute with the dealer. In a sign that should be ringing warning bells in the used car trade. The Motor Ombudsman said
-
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
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.
Message Us on WhatsApp