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Margin compression still a big worry for dealers
- February 27, 2020
- Posted by: John Swift
- Category: Automotive Industry
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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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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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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
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2020 Used Car Demand ‘Unprecedented’ Say Auction Houses
- January 23, 2020
- Posted by: John Swift
- Category: Automotive Industry
Three 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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Business Car Sales Drive Used Sector Finance Growth
- September 16, 2019
- Posted by: Josh Locke
- Category: Automotive Industry
Point-of-sale financing for used car sales to businesses fuelled a dramatic increase in the total sector with the second-hand market comfortably accelerating ahead of the new car sector. The latest data from the Finance & Leasing Association show the POS consumer used car finance market reported new business in July up eight per cent by
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ClickDMS Provides Comprehensive FCA Gabriel and VAT Reports To Save You Time
- August 28, 2019
- Posted by: Josh Locke
- Category: Automotive Industry, News, Products
Here at Click Dealer, we understand that writing reports and bookkeeping can be incredibly time-consuming. If you’re a small business, this probably means you’re missing out on time that you could be using to run your dealership more effectively. As a performance partner to over 1,400 independent dealers, we developed our DMS system to help
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FCA Probe Into Motor Trade Finance Models Not Over Yet
- August 27, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers who provide finance for buyers are being reminded that the Financial Conduct Authority hasn’t turned its back on the motor trade. Every business in the used car sector needs to realise that it could be mystery shopped at any time and should be able to prove that its systems are robust, accurate and legal.
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Click’s Dealer Management System Provides Automotive Customer Retention Solutions
- August 21, 2019
- Posted by: Kari Jones
- Category: Automotive Industry, Products, Tips For Dealers
When it comes to developing lead generation strategies, many business people will leap straight to advertising to gain interest from new sources, missing a valuable opportunity in past customers. According to a survey conducted by Click Dealer, repeat business rates tend to be low amongst dealerships, and our data shows that while substantial sums of
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Should Dealers Be Looking For Three-year-old Ex-PCP Stock?
- August 16, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers might be thinking of modernising their stock to reflect the boom in three-year-old models coming back from their PCP packages from the record year of 2016, analysts have said. Car sales portal, CarGurus, has said there will be a renewed focus on 36-month old cars returning to the trade now at the end of
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Dealers Have A Role To Play Educating Buyers On EV Benefits
- August 12, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers need to play their part in educating the growing number of buyers who might be tempted by an EV if growth in the sector is to continue by telling them about the wide range of fuel types now available. At a meeting, last month members of the Vehicle Remarketing Association heard from both Professor
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