Used Car Prices On the Rise – But For How Long?
Vehicle value and data experts Cap HPI have reported that used car values have risen every single month since April. September continued the trend that began during the Coronavirus Lockdown, seeing benchmark values based on a three-year old vehicle (or 60,000 miles) increase by 0.4 % the equivalent to £65. Head of Valuations at Cap Continue Reading…
Car Dealer Reviews – Maintaining Your Online Reputation
In the world of online car sales, customer reviews can make or break your business. Your reputation on the dealer platforms that you sell your vehicles on, whether it be eBay, Facebook or even forums such as Reddit, can have a significant impact on future success with potential buyers. That is why this month we Continue Reading…
Used Car Prices to Remain High For Months
The UK’s largest automotive marketplace for buying and selling new and used cars announced the biggest ever increase in used car prices in August. And promisingly their data experts believe that the prices will remain high in the coming months as consumer demand is incredibly strong. Retail Price Index findings published by the online market Continue Reading…
5 Reasons Car Sales Were Strong in June
The motor trade media is reporting news of busy forecourts, online car sales both new and used performing strongly and car prices on the increase. A number of retailers have indicated that they are likely to produce higher year on year trading figures for June 2020. However, the factors behind the buoyed performance will determine Continue Reading…
Price Volatility in the Used Car Industry After Lockdown
How is the Lockdown Affecting Used Car Prices? With the government announcement that car dealerships may be allowed to reopen from the first of June (provided government public health measures are met), there is much speculation in the industry about what this will mean for the used car sector. In an already volatile market (CAP Continue Reading…
What can car dealers expect in 2020?
Indicata one of the global leaders in analytical and intelligence solutions for the used car industry has suggested used car dealers will continue to push forward in 2020 following a strong performance throughout 2019 and some heavy investments over the past 12 months. Indicata, have said they look at real-time data of the used car Continue Reading…
Gone in 30 seconds: How easily can thieves steal your car?
Research from What Car? has shown that some of the most popular and latest cars featuring keyless entry can be broken into in just seconds. We have previously written about the risks of keyless vehicles, and how thieves are exploiting keyless tech to gain entry and steal vehicles. What Car? have put the criminals’ techniques to Continue Reading…
TfL Accused of Bias Towards the Black Cab Trade
Following TfL’s decision that Private Hire Vehicles (PHVs) will no longer be exempt from paying the weekday congestion charge for driving in Central London, an emergency meeting was called by the London Private Hire Car Association (LPHCA) on the 6th February 2019. While the headline topic surrounded Congestion Charging for PHVs, the meeting also covered Continue Reading…
Britain’s Biggest Car Trader In Turmoil
Pendragon PLC, one of the world’s leading automotive retailers, have reported a dramatic crash in their pre-tax profits by almost half, as they shift from luxury showrooms to the used-car market. A new strategy to survive in a troubled market Pendragon PLC Group currently operates from 220 locations and have four divisions: UK motor, US motor, Continue Reading…
Car sales slowly starting to stabilise
New and used car sales continue to decline but the market is slowly starting to stabilise. 2017 was a rocky year for both new and used car sales, the struggles have been blamed on a drop in confidence which the Society of Motor Manufacturers (S.M.M.T.) believes has been partly caused by Brexit and the uncertainty Continue Reading…