New car discounts and big pre-registrations of technically outdated models have distorted the used car market and it has become what analysts are calling “a serious event” in the trade. The UK used car market has seen a significant shift in pricing in the sub 12-month-old sector. Retail pricing has seen a marked decrease with a 7-percentage point downturn over the same period last year, report … [Read more...]
Future of reselling cars under the microscope
The challenges facing the remarketing sector in 2020 is the subject of a major, free seminar that has been announced by the Vehicle Remarketing Association, which represents businesses who move 1.5 million used vehicles every year. “2020 Vision” will take a wide-ranging look at issues likely to affect the used car and van markets next year, ranging from a possible recession and Brexit through to … [Read more...]
Used buyers not checking before purchase
Millions of first-time motorists are purchasing a vehicle without checking it over, a study has found. Cars are traditionally one of the most expensive purchases to make, with motorists typically spending around £3,000 on their first set of wheels. Choosing the wrong vehicle can be costly as well as dangerous - but 63 per cent of new drivers failed to research their purchase properly or … [Read more...]
Pushy tactics and bad reviews hit used sales
A reputation for pushy sales tactics and negative online reviews are the top reasons why drivers would be deterred from visiting or buying from a used car dealer, analysis by AA Cars, the AA’s used car website, has found. A reputation for pushy sales tactics would dissuade almost a fifth (19%) of motorists, while 18% of car buyers see negative online reviews of a dealer as a turn-off. Online … [Read more...]
CarShop rings the changes
CarShop will be adding the four The Car People stores to its portfolio and will operate under the CarShop name, from 19 June. CarShop already has stores in Cardiff, Doncaster, Northampton, Norwich and Swindon and from June the combination of the two award-winning car supermarkets takes the total number of stores under the CarShop brand to nine - The Car People’s store additions being … [Read more...]
Shortage of good stock emphasises preparation
An increasing shortage of good quality stock in the used car sector means that there is a growing emphasis being placed on vehicle preparation for sale, says the Vehicle Remarketing Association. The organisation, which represents businesses that between them handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, believes this will be one of the key trends of … [Read more...]