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
Author: Motor Trader Online News
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
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