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
Author: Motor Trader Online News
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
St Leonards Motors buys SMC Motor for undisclosed sum
SLM Group has bought SMC Motor Group for an undisclosed sum. SLM Group operates dealerships in East Sussex, Kent and East Anglia, including five Toyota, one Vauxhall, one Suzuki, one GMW ORA dealerships. It also has two used car SLM Select businesses and two body repair Centres. Family-owned SMC Motor Group has been operating four… Continue reading St Leonards Motors buys SMC Motor for undisclosed sum
October used car values show biggest fall in 12 years
Used car values showed a marked decline in October, with the average value movement in cap Live at three years, 60,000 miles, seeing a fall of 4.2%, equivalent to £850. According to experts at cap hpi, it is the largest drop in a single month since the introduction of cap Live in 2012 and the… Continue reading October used car values show biggest fall in 12 years
Negotiating a fair price with dealers is biggest worry for car buyers, finds research
Lucy Tugby, marketing director of eBay Motors Group Negotiating a fair price is the biggest single worry buyers face when purchasing a car, according to eBay Motors Group’s latest Consumer Insight Panel findings. The research of over 2,000 in-market decision makers identified how conversations with dealers about prices is the biggest turn off for both… Continue reading Negotiating a fair price with dealers is biggest worry for car buyers, finds research
Warranty Solutions Group launches initiative to save dealers thousands on parts and preparation costs
Warranty Solutions Group has today announced an exclusive partnership with Just Green Parts, a major provider of environmentally sustainable vehicle parts, to bring its dealer network significant savings on preparation costs and provide a solution to the current shortage of automotive components. Green parts are undamaged and reusable components sourced from end-of-life and written-off vehicles… Continue reading Warranty Solutions Group launches initiative to save dealers thousands on parts and preparation costs
Big Motoring World acquires two retail sites from Available Car
Big Motoring World today announces that it has agreed to acquire certain trade and assets of Midlands and Yorkshire used-car retailer, Available Car. This acquisition follows Big Motoring World’s recent expansion into Wimbledon and adds 200 employees and a seventh and eighth location in Leeds and Cannock, bringing Big Motoring World’s customer-centric services and quality… Continue reading Big Motoring World acquires two retail sites from Available Car
Jaguar F-Pace tops profitability charts for dealers
The Jaguar F-Pace has topped the list of the potentially most profitable used cars that dealers are buying in carwow online auctions. The car delivered an average resale profit margin of £4,721. Analysis of the selling prices of cars sold in carwow auctions over a six-month period compared with their retail valuation indicates that eight… Continue reading Jaguar F-Pace tops profitability charts for dealers
Ennis highlights payback for dealers who invest in skills
Automotive businesses who invest in skills can expect a 3% uplift in annual turnover. This compares to a 4% drop in turnover for businesses who do nothing to address the skills gap in their organisation. That is the finding of a new report by Ennis & Co Group, the automotive headhunter, which has developed a… Continue reading Ennis highlights payback for dealers who invest in skills