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Focusing On Profit Is The Big Challenge For 2020 Says Independent Dealer
- January 3, 2020
- Posted by: John Swift
- Category: Automotive Industry
No CommentsPutting the focus on making money from a deal rather than just moving metal, absorbing the new FCA restrictions on finance commission, sourcing quality stock as competition hots up and watching the possible impact of disruptors such as Cazoo entering the market will be the main challenges for dealers in 2020, says one of the
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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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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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Former Employer Fined For Staff Data Protection Breach
- July 29, 2019
- Posted by: John Swift
- Category: Automotive Industry, News, Tips For Dealers
Car dealers are being urged to make sure their data protection systems are robust and working after an employee of one motor firm was sentenced to prison for accessing personal information without permission – and his former employer faced huge costs as a result. In the first case of its kind, brought up earlier this
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Used Car Dealers Carry More Stock And Sell It Faster
- July 22, 2019
- Posted by: John Swift
- Category: Automotive Industry
Independent used car dealers carried more stock last month and sold cars faster than a year ago, according to the latest market analysis. Stock levels rose by 7% from 43 to 46 units but dealers enjoyed both year-on-year and month-on-month improvements. Vehicles averaged 36 days in stock in the month of June 2019, compared with
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Dealers Can Still Tap Into Growing List Of Customers Open To Digital Sales
- July 11, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers and the showroom experience they give are still the key factors for two-thirds of used car buyers who say they are not yet ready to buy online – but that still leaves a potential three million fully digital sales a year. In a wide-ranging report called `Evolution of the Car Buyer’, video presentation specialist,
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