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2020 Used Car Demand ‘Unprecedented’ Say Auction Houses
- January 23, 2020
- Posted by: John Swift
- Category: Automotive Industry
No CommentsThree 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
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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
With 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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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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