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If Electrification is the Future, What About the Present?
- January 10, 2019
- Posted by: Alex Baker
- Category: Automotive Industry
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You may notice them as you drive along, or you may pick them out in their charging spaces at the supermarket, but EVs are by no means mainstream. In 2016 EVs made up 0.4% of new car registrations, by 2017 that number had risen to 0.5% and for 2018 it ended at 0.6%. This is
What Will Happen to the Values of Used Cars in 2019?
- December 28, 2018
- Posted by: Celine Evans
- Category: Automotive Industry, News
Year after year, car buyers have been willing to pay more for second-hand cars as their prices have inevitably risen. Values have increased by 42% in the last seven years compared to those of new cars, whose values increased by a mere 19% during the same period. Will used car values continue to rise into Q1, 2019 or have their
How Effective is Your Dealership’s Digital Advertising Campaigns?
- December 14, 2018
- Posted by: Kari Jones
- Category: Automotive Industry, Products, Tips For Dealers
A recent study by Sophus3 revealed how effective targeted commercial messages can be in driving traffic to automotive websites. The study looked at seven UK premium automotive consumer publishing sites from January to May 2018, analysing 135 million visits. It measured the effect of six million impressions to a top-five car brand and tracked 10.5 million visits to
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
Click Dealer to Help Dealerships Thrive Amongst the Challenges of 2019
- December 10, 2018
- Posted by: Jamie Baker
- Category: Automotive Industry, News, Products
In a recent Click Dealer customer survey about the biggest challenges its dealership performance partners would face in 2019, the results highlighted some key trends such as stock sourcing and lead management, as well as the word on everyone’s lips, Brexit. The latter seems to be providing some real uncertainty for dealers across the length and breadth
High Used Demand Creates Additional Category for Nearly New Cars
- December 7, 2018
- Posted by: Celine Evans
- Category: Automotive Industry, News
According to contract hire business, Meridian Vehicle Solutions, demand for near new condition vehicles is forming a ‘grade one plus’ standard for used stock, this will grant consumers access to near-new condition cars, often less than 12 months old. What This Means for Used Car Buyers An additional category for nearly new cars will provide buyers with
How Responding to Customers’ Changing Priorities Will Help You Sell More Cars and Car Finance
- November 30, 2018
- Posted by: Kari Jones
- Category: Automotive Industry, Tips For Dealers
We are currently witnessing a shift in consumption patterns, and this could be key to boosting sales of vehicles and, in particular, car finance deals. Most of us can probably remember when DVDs were the latest trend and we were in awe of this new technology, but now, owning DVDs is old fashioned. Why would
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
Used Car Values Gave Strong Performance in October
- November 2, 2018
- Posted by: Celine Evans
- Category: Automotive Industry, News
Automakers are battling to boost new car sales volumes; however, the used car market is still overshadowing the new. During October 2018, used car values gave a strong performance, which has given independent car dealers confidence for the remaining two months. For many years, used car values have dropped by around 1.6 per cent nearer
Used Car Buyers Have High Expectations of Service Standard
- October 12, 2018
- Posted by: Celine Evans
- Category: Automotive Industry, News
This year, we have seen more and more people choosing used cars over new, and while this is good news for the second-hand market on the whole, certain challenges have arisen. The second-hand car market is currently a thriving success compared to how it was five or ten years ago, but while more buyers are turning to preowned vehicles, used buyers have now come
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