Car dealers endure more cash flow volatility than most businesses, but good forecasting, careful stock management and good communication can calm the waters
Car dealers will be able to understand how consumers interact with advertised stock using the recently redesigned vehicle response solution, from Motors.co.uk.
Used car values dropped by 1.6% during April with sectors defined as Lower Medium and City Car by Cap HPI seeing the biggest slide.
NextGear Capital UK expects to fund a total of 100,000 cars sales in 2017 after a record start to the year saw it fund 8,000 wholesale vehicles for its dealer customers in January alone.
Eighteen years in the motor trade dealing with the challenges of getting used vehicles to the forecourt properly prepared has led a former sales director to launch a solution to ensure stock is ‘ready for sale’.
Uncertainty around the result of the EU referendum has led car supermarket group Motorpoint to sacrifice some margin to maintain its good level of stock turn.
Putting data at the heart of your stocking policy will reap richer rewards than relying on gut instinct alone.
Cap HPI is urging dealers keep a careful eye on stock turn as research shows pressure on margins over a 12 week period.
Accountancy group UHY Hacker Young has blamed pressure from manufacturers for a 46% increase in car dealer stock over the last five years.
Jardine Motors Group is rolling out BCA’s cloud-based Dealer-Pro system to speed up the part-exchange process and inter-group marketing.
The colour of money might be changing according to Glass’s director of valuations, Rupert Pontin, who points out that the average value of white used cars is on the decline.
Tootle.co.uk is set to launch a £300,000 nationwide ad campaign as it attempts to match more private vehicle sellers with retailers.
CAP looks at the challenges in sourcing used stock for dealers across the UK, using research exclusive to AM.
Top tips from some of the UK’s biggest trade auction firms on getting the best out of online stock selling and buying services.
HPI offers used car buyers a guide on how to purchase an insurance write-off that is not only safe to be on the road, but could save them 50% off the ticket price.
From stocking policies to finance, out-of-hours responses to video walkarounds, Debbie Kirlew explores how to increase efficiency in your pre-owned operation
Digital technology has given independent dealers the resources to turn their small size and relative lack of marketing resources to their advantage.
The December 'used car' issue of AM - Automotive Management is out now.
CD Auction Group has signed an agreement with wholesale stocking plan provider NextGear Capital UK, to offer buyers a new way to pay for vehicles bought through the Cars Direct online auction.
Confidence has grown among independent used car retailers, after June saw the best sales growth since the start of the year, says CAP.
