Dealers are becoming more concerned about the impact their business is having on the environment. That’s a key finding of research from Auto Trader, which found that the majority of retailers (80%) believe environmental impact is important to their business. Franchise retailers were more likely to agree with 91% compared to 73% of independent retailers… Continue reading Environment responsibility moves up the agenda for dealers
Author: Motor Trader Online News
Dealers call for cut in business rates in Autumn statement
Dealers have called for cut in business rates ahead of the Government’s Autumn statement. Six in ten (61%) dealers say they need help with rising costs, according to Close Brothers Motor Finance’s Forecourt Foresight research. The research of more than 150 dealers found that half (54%) want to see a reduction in business rates. Whilst… Continue reading Dealers call for cut in business rates in Autumn statement
Falling used car values help keep lid on inflation
A fall in used car values helped keep a lid on inflation in Octobe which fell to 4.6% compared to 6.7% a month earlier. “[In Transport] the largest contributing downward effect came from the purchase of used cars where prices fell by 3% between September and October 2023, compared with a fall of 0.6% in… Continue reading Falling used car values help keep lid on inflation
Nearly half of dealers expect EV values and prices will fall
Nearly half of dealers (46%) think the values and prices of electric vehicles (EVs) will fall following the government’s move to push back the electrification deadline to 2035. November’s new Startline Used Car Tracker also showed that 44% believe a corresponding rise in petrol and diesel prices and values will occur as customers stick with… Continue reading Nearly half of dealers expect EV values and prices will fall
Dealer Auction reveals most profitable used cars for dealers
Dealer Auction’s October Retail Margin Monitor saw Toyota appear in the top 10 brands list for the first time since launch in January 2022, with an average retail margin of £2,300. This secured it tenth place, joining fellow mainstream makes Kia and Volkswagen. Land Rover topped the chart with an average retail margin of £4,250,… Continue reading Dealer Auction reveals most profitable used cars for dealers
BLOG Car sales channels, dealers and profitability
We have just finished our Autumn Meeting for members of the ICDP European Research Programme. It seemed to go well with a lot of interaction between the delegates both during the formal sessions and over dinner and drinks in the bar. The meetings force us to pause the daily routine and the reactions from members… Continue reading BLOG Car sales channels, dealers and profitability
Personalised videos boosts sales prospects for dealers
A high degree of personalisation is key to capturing the attention of used car buyers online, a dealer webinar heard this week. Valuable insights and perspectives came from industry leaders taking part in the “Maximising Revenue Through Outstanding Customer Experience” panel event organised by automotive warranty specialist Assurant. Loic Perusset, marketing and partnerships manager… Continue reading Personalised videos boosts sales prospects for dealers
Used car values continue to fall following 4% drop in October
Used car values continue to fall according to valuation guide cap hpi. The group reported that used values have slipped 1.5% on average since the publication of its most recent monthly editorial on 27 October. The news follows the 4.2% drop reported at the end of October, which marked the largest drop in a single… Continue reading Used car values continue to fall following 4% drop in October
October car sales: the highs and lows for dealers by brand
Stellantis turned in a polarised performance in October’s new car sales with DS, Fiat and Abarth continuing to struggle while Citroen, Vauxhall, Peugeot and Alfa Romeo were on the up. DS, Fiat and Abarth delivered the weakest sales performances of all brands monitored by the Society of Motor Manufacturers & Traders. Abarth saw a 75%… Continue reading October car sales: the highs and lows for dealers by brand
UKT360 launches AIVO360 video app for used car dealers
Used vehicle imagery firm UKT360 has launched AIVO360, an app designed around the iPad mini, which generates AI-automated, data-driven videos using a collection of interior and exterior shots of vehicles. These videos, complete with voiceover and automated background replacement and logo overlay, are uploaded directly to Auto Trader adverts in the same way as in… Continue reading UKT360 launches AIVO360 video app for used car dealers