More than half of people (55%) say lower prices would be the number one factor that would bring them into the used car market.
Nearly 60% of automotive retailers are urging more support from motor finance providers to retail electric vehicles (EVs).
More than two-thirds of motorists (67%) are ready to start using self-driving cars, new research shows.
Car buying consumer “hugely overestimate” the battery degradation suffered by electric vehicles (EV), allowing themselves to be dissuaded from a purchase by its perceived range-sapping effects.
Used cars ended Q1 with a third successive month of rising values at BCA auctions after what chief operating officer Stuart Pearson described as a “very encouraging start to 2023”.
One in four car buyers actually enjoys the process of negotiating with a dealer on their purchase, a latest consumer study by What Car? reveals.
Recent falls in trade values for electric vehicles (EVs) has deterred almost two-thirds of dealers from stocking them, according to research from Startline.
A third of car dealers predict that used car values will slump by around 10% as the cost-of-living crisis impacts consumer confidence to deliver ‘more difficult’ trading conditions in 2023.
Used car dealers are concerned that they will not be able to secure stocking finance for the new wave of electric vehicles (EVs) from China, when they reach the used market.
The number of used car retailers who describe themselves as “pessimistic” about the sector’s current fortunes has almost quadrupled in the space of just a month.
The car retail sector’s vehicle supply issues look set to be compounded by a cost-of-motoring crisis and growing moves to discourage car usage across the UK.
The cost-of-living crisis is forcing families to sell their cars, according to Starline’s October Used Car Tracker.
October’s fuel cap price increase - if implemented - would result in a safety risk for motorists as one-in-five say they plan to cut back on car maintenance.
Startline’s Used Car Tracker has revealed that 63% of dealers have changed the types of cars they are stocking in response to the cost-of-living crisis.
Over a third of motorists plan to abandon their cars in favour of public transport if fuel prices continue to rise above their current average of over £100 for a tank of petrol.
The number of dealers that are ‘optimistic’ about the used car market has fallen to just 12%, this month, a drop of 21% from the previous month.
Vehicle supplies, compliance and new mobility are considered the three top challenges facing car retailers in 2022, according to the Startline Motor Finance’s first monthly Used Car Tracker survey.
New monthly research looking at consumer and dealer sentiment in the used car market will be launched in mid-April by Startline Motor Finance.
Startline Motor Finance has appointed Andy Smithson to the new role of head of internal control, compliance and legal relay.
Startline Motor Finance has completed a £292m London Stock Exchange-listed securitisation to fund growth and future-proof it with a move into electric vehicle (EV) funding.
