Depreciation is the difference between the price you pay for a new car and the amount you can recoup when selling it. Some cars hold their value well, while others experience rapid depreciation. We take a look at the the fastest depreciating cars this year. People often joke about cars losing half their value the Continue Reading…

The experts are pretty much all in agreement that a recession is looming. Yet the noises coming out of the motor trade industry appear relatively positive. We delve into what the future might hold for car dealers in the coming months. Car Sales Grow in November Despite that bleak outlook, car dealers contributed significantly to Continue Reading…

That lovely smell of a new car still remains unfamiliar for many in the motor trade. So here are the used cars brands offering the worst bang for your buck, and the least reliability. Here at the plan blog, we’ve closely followed the meteoric rise of used car prices since the pandemic’s start. Unfortunately, due Continue Reading…

Motor traders were handed an unexpected bonus this month. Despite the gloom in the rest of the economy they will have seen the value of their stock rise. September is the first occasion this year that used car prices have increased. Trade values nudged up by 0.3% against expectations. Director of valuations at motor trade Continue Reading…

Motor traders have been enjoying a golden age of used car prices but are we about to face the fastest crash ever? Over the last two years, used car prices have risen faster than we’ve ever seen before. Those in the motor trade industry are using words like ‘baffling’, ‘insane’ and ‘unprecedented’. In 2019, everyday Continue Reading…

Extra funds saved during the pandemic and a stamp duty discount, as well as fundamental changes in how people live, accelerated buying and selling patterns from 2020 onwards. Some experts believe the housing market is due to crash, others believe it will slow but remain stable. So who is right? New mortgages are declining, but Continue Reading…

Online car dealer Carzam has ceased trading only 18 months since launching. The company was seen as a smaller but still significant rival to the likes of Cazoo and Cinch. It was seeking to follow a familiar path to its competitors but had years’ worth of top-level motor trade experience within the management team. Given Continue Reading…

Why do car dealers seem to have a problem with online motor trader, Cazoo? Is it because of founder’s Alex Chesterman disparaging remarks about the status quo of the motor trade industry? Is it because they are making billions doing (pretty much) the same thing that the rest of the industry is doing? Is it Continue Reading…

Online marketplace Dealer Auction has published its latest margin guide for used car sales. The company’s monthly analysis aims to help used car dealers to invest in the stock that will deliver them with maximum returns. Dealer Auction describes itself as, “the UK’s busiest digital wholesale marketplace for used vehicles.” It’s an independent company formed Continue Reading…

In 2020, the world stopped. The government lovingly came to our rescue. They gave businesses, such as car dealers, enough money to ‘furlough’ the workforce and prevent people from losing their jobs. Boris Johnson didn’t create a furlough scheme that discriminated between industries that were badly affected and those that weren’t. The furlough scheme wasn’t Continue Reading…