Many car dealers are still “missing out on the full potential of digital retailing” according to a joint report created by Auto Trader, ICDP and the National Franchised Dealers Association (NFDA).
BCA has suggested that high used car valuations could prove a “safety net” for car retailers as Russia’s invasion of the Ukraine compound cost of living concerns to impact consumer confidence.
Record UK inflation was accompanied by a further 29% year-on-year rise in used car values during January, according to data published by Auto Trader.
More than one-in-five nearly new used cars advertised via Auto Trader are now priced above their brand-new equivalents after a further 31.3% year-on-year rise in values during January.
Auto Trader has made its Auto Trader Connect real-time car retail market data portal free to all advertisers in a bid to help car dealers adapt with a market “moving at record pace”.
The Nissan Leaf has topped Auto Trader’s Fastest Selling Index for 2021, with the average example taking just 17 days to sell from dealer forecourts.
Dealer attitudes suggest a level of uncertainty about a 2022 car retail market increasingly defined by vehicle availability, the transition to electric vehicles (EV) and moves from manufacturers towards an agency franchise model.
Auto Trader has predicted “continued strong price growth” in the used car sector following a 30.5% surge in values during December.
The supply of new electric vehicles (EVs) to UK dealers is under threat due to a lack of financial incentives, when compared to other European Countries.
Vertu Motors has recruited Auto Trader franchise brand director Chris Penny as its new group strategic projects director.
Auto Trader will promote online car buying services with a brand-new marketing campaign launching on Christmas Day.
Government’s ‘Plan B’ to mitigate against the approaching “tidal wave” of cases of the Omicron variant of COVID-19 have done little to dampen rising used car values, according to Auto Trader.
Auto Trader has made a £55,000 donation to automotive charity Ben and supported the Ben Ball as headline sponsor.
MPVs continued to star in Auto Trader’s top ten ranking of the used car market’s most appreciating vehicles, with the Seat Alhambra emerging as number one in November.
Sales of used electric vehicles (EV) have accelerated past their petrol counterparts and are now leaving forecourts faster, according to new data from Auto Trader.
An 80th consecutive week of increasing used car values and the highest level of UK inflation for a decade is unlikely to temper consumers’ appetite to buy a new vehicle, Auto Trader has said.
Used car dealers are still under-pricing up to 60% of their forecourt stock, according to data published by Real Time Communications (RTC).
Auto Trader has posted a 121% increase in operating profit to £151.7 million for the half year ended September 30.
Electric vehicles (EVs) will remain the prserve of the rich if Government does not introduce a programme of targeted incentives to help potential buyers, Auto Trader has said.
Auto Trader is launching a new Automotive Carbon Literacy Toolkit to help dealers and automotive businesses reduce their carbon footprint.
