The key number plate change month of March will be pivotal in car retailers’ efforts to achieve profitability in 2020, according to sector analyst ASE.
Two out of five car buyers would only be willing to travel up to 30 miles to buy a used car, find new research from AA Cars.
Research by MotoNovo Finance has revealed that digital platforms are proving an essential link in the retail chain for used car buyers.
The new car market will decline 1.5% by volume in 2020 as consumer confidence and vehicle emissions regulation continue to play key roles, Cazana’s latest market update has predicted.
Car retailers’ efforts to acquire affordable used cars for their forecourts have driven the sector’s vehicles to their highest February value growth since 2012, according to Cap HPI.
Dealers are missing out on the opportunity to increase car sales by failing to use Facebook automotive inventory ads, according to Honchō.
Stoneacre Motor Group has revealed detail of a 24.9% turnover increase in annual turnover and a 31.2% increase in pre-tax profits in annual financial results to April 31, 2019.
Mercedes-Benz has created an online app to help car buyers locate both new and used vehicle that are currently in stock and available to buy in the UK.
Used electric cars pose a problem for the motor finance industry, which may not be ready in time for the Governments 2035 ban on the sale of petrol and diesel cars.
Car dealers’ part-exchange vehicles reached record values at BCA’s auctions during January as the sector continues to compete for a wide range of vehicle stock to fill their forecourts.
Quest Motor Group has credited its new Ecommerce platform for helping it to the most successful month of car sales in its history.
A third of car buyers do not know whether to opt for a petrol, diesel, hybrid or electric vehicle (EV) amid a fuel type confusion headache which is causing many to put off their next purchase.
The RAC Dealer Network is looking for 170 used car retailers to join it this year.
Coronavirus has joined 2020’s shift to stringent EU CO2 emissions regulations to threaten UK car dealers’ supply of vehicles and parts, according to Cox Automotive.
The UK’s used car market ended 2019 just 0.1% down with 7.9 million sales following two months of growth in the second half of the year, the Society of Motor Manufacturers and Traders (SMMT) has reported.
Car dealers achieved their lowest return-on-sales (RoS) figure since 2011 in 2019 after rounding off a “tough” year with a £1,700 loss in its final month, according to ASE.
January’s usual flurry of new car discounts appear to have failed to generate the “boost in fortunes” usually delivered by the first month of the new year, according to Rupert Pontin, director of insight at Cazana.
Used car dealers are failing to communicate the value of their warranty offer, according to new analysis from AutoProtect.
Cargiant has renewed its exclusive remarketing contract with Aston Barclay to continue a relationship which has delivered £87 million of used car sales in the past five years.
Supplies of EVs and used cars, consumer demand and efficiency issues will all impact car dealers in 2020, with 54% anticipating increased pressure on profit margins according to a Cox Automotive sentiment survey.
