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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
No CommentsWith 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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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
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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
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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
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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
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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
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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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Demand for EVs Boosts Used Car Values
- October 5, 2018
- Posted by: Celine Evans
- Category: Automotive Industry, News
Manufacturers have been introducing their versions of advanced electric vehicles to the market for some time now, providing car buyers with plenty of choice when the time comes to make the switch from traditional fuel-type vehicles. Dealers have speculated what this means for their businesses, how much of an impact this will have, and just when EVs will become a popular trend. Cap HPI found a pattern in their research.
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Positive Forecasts for Used Car Values in the Remainder of 2018
- August 31, 2018
- Posted by: Celine Evans
- Category: Automotive Industry, News
The first three quarters of the year has had a positive effect on the used car market and according to Cap Hpi, the used market is set to retain this pattern as we face the fourth and final quarter of 2018. Regardless of the impact of the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) Cap
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Over Two Million Sales in Second Quarter Shows Used Car Market Remains Healthy!
- August 17, 2018
- Posted by: Celine Evans
- Category: Automotive Industry
A recent study by the Society of Motor Manufacturers and Traders revealed that the British used car market remained a strong, thriving success in the second quarter of 2018. Statistics show that sales of used cars were down by only 0.4% and had reached a total of more than two million during the period, indicating
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