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Shortage of retail ready stock forces up prep costs
- June 3, 2019
- Posted by: John Swift
- Category: Automotive Industry
No CommentsUsed car dealers should be prepared to invest more in valeting staff or be ready to pay sub-contractors more money, as a shortage of quality stock forces traders to get more competitive to put retail ready vehicles in their showrooms. A new report from the Vehicle Remarketing Association – which holds its AGM in Birmingham
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Research Claims Car-buyers Want To Spend More Time With Salespeople
- May 29, 2019
- Posted by: Josh Locke
- Category: Automotive Industry, News, Tips For Dealers
So it turns out that the commonly held belief that consumers can’t stand car salesmen, is a load of rubbish. Research has shown that your typical car buyer wants to spend more time with their salespeople, and it demonstrates that prolonged absences by those salespeople during the purchase process lead to poorer satisfaction with the overall
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Auctions see sector value uplifts in April
- May 21, 2019
- Posted by: John Swift
- Category: Automotive Industry, News
Dealers need to present well prepared and accurately described stock which has full documentation and a realistic reserve to sell at auction as a new report reveals some market hot spots. A leading auction house said that there was strong demand in some sectors last month with fleet and lease, dealer part-ex and nearly new
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Government’s New EV Approval Scheme Open to Independent Dealers
- May 17, 2019
- Posted by: John Swift
- Category: Automotive Industry, News
Independent car dealers and auctioneers can apply to be audited and recognised as an Electric Vehicle Approved retailer if they meet the standards of a government-backed nationwide scheme unveiled this week which aims to boost buyers’ confidence in EVs and the garages selling and servicing them. The standard for electric vehicle dealer accreditation has been
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Independent Dealers Set to Continue Battle For Used Stock
- May 13, 2019
- Posted by: John Swift
- Category: Automotive Industry, News
Independent dealers are facing a tougher challenge to source stock as demand grows from franchised retailers looking to make up ground with used sales as registrations of new cars slows. Market analysis shows that manufacturers are increasingly pushing more ex-lease cars and vans straight back into their franchised networks, taking them out of the open
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Expect Price Pressure in May but Market Remains Strong
- May 2, 2019
- Posted by: John Swift
- Category: Automotive Industry
Used car stocks may suffer downward price pressure throughout May but trade analysts say the market is strong and dismiss forecasters who talk of a return to the recession conditions of a decade ago as scaremongers. Last month did see the biggest accumulated monthly drop – 2.3% for cars at the 36 month/60,000 mile point
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Growing EV Demand Gives Dealers Sales Opportunities
- April 11, 2019
- Posted by: John Swift
- Category: Automotive Industry
Independents should be stocking electric and hybrid cars and vans this year to capitalise on growing demand for these vehicles as their range increases, the national recharging infrastructure improves and cities begin to roll out Clean Air Zones putting a renewed focus on cutting emissions. Auto Trader named the all-electric Nissan LEAF, the fastest selling
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If Electrification is the Future, What About the Present?
- January 10, 2019
- Posted by: Alex Baker
- Category: Automotive Industry
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
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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
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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
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