Dealer Auction has revealed the most profitable models for dealers in November. Its Dealer Auction Retail Margin Monitor for November saw mainstream brands offer dealers opportunities for profit, with the Hyundai Tucson breaking into the top three. The Range Rover Evoque reclaimed the top spot, with an average retail margin of £5,100, the joint-highest average… Continue reading Dealer Auction reveals most profitable cars for dealers in November
Author: Motor Trader Online News
Brayleys acquires Hyundai dealership in St Albans from Coupers
Hertfordshire-based Brayley’s Group is to represent Hyundai for the first time. The dealer group has bought the Hyundai dealership in St Albans from family-owned business Coupers for an undisclosed sum. The city centre site has been Hertfordshire’s authorised dealer for Hyundai for more than 30 years. The acquisition adds Hyundai to Brayleys’ portfolio of brands,… Continue reading Brayleys acquires Hyundai dealership in St Albans from Coupers
Average used car values fell -3.8% in November year on year
Average used car retail prices fell -3.8% in November year on year, the third consecutive month of YoY decline for retail prices. The biggest fall was seen with EVs which fell 21.1% year on year. Cars aged below five-years-old recorded a -6% drop in November. It said this was due to a combination of increased… Continue reading Average used car values fell -3.8% in November year on year
The impact of the ZEV Mandate on dealers
Now the UK Government has confirmed the detail of its Zero Emission Vehicle (ZEV) Mandate for 2024, Motor Trader looks into the major implications for dealers The controversial rowing back of the UK ban on new car sales of petrol and diesel-engined vehicles from 2030 to 2035 by Rishi Sunak’s Government in late September… Continue reading The impact of the ZEV Mandate on dealers
Used car values continue to fall in November, down 4.2%
November saw used trade values fall by 4.2%, equivalent to £775 at the three-year age point, according to experts at cap hpi. The news follows October’s fall of 4.2%, which means that average trade values have dropped by 8.4% or £1,625 in the last two months. Cap hpi pointed out however that average values remain… Continue reading Used car values continue to fall in November, down 4.2%
Santander offers end of life MG cars to dealers through closed auction
Dealer Auction is now remarketing end-of-term MG vehicles for Santander Consumer Finance UK. Under the agreement, vehicles will be offered to MG dealers through a closed network, where they can be made available in a timed auction or “buy it now” basis. Dealer Auction, where MG already has a closed digital network, will be responsible… Continue reading Santander offers end of life MG cars to dealers through closed auction
Dealers have ‘important role’ to play in explaining EVs to customers
Dealers have an important role to play in explaining EVs to customers providing clear, detailed and supportive information about the cars they are selling. That’s the view of eBay Motors Group which said its research showed that half of car buyers expect it will take them longer to research and make a decision when buying… Continue reading Dealers have ‘important role’ to play in explaining EVs to customers
Carwow moves to round-the-clock bidding for dealers
Carwow is moving to a ‘round the clock’ bidding model, giving dealers earlier bidding access to carwow’s used-car auctions and providing partners with greater convenience and flexibility. Each evening at 5.00pm, carwow will release the catalogue of vehicles going into its daily auction and open the bidding, this includes recommendations personalised to the dealer based… Continue reading Carwow moves to round-the-clock bidding for dealers
Environment responsibility moves up the agenda for dealers
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
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