RAC Cars’ pledge to shake up the classified motor marketing sector by providing free advertising to dealers looks set to be cut short by a tie-up with Motors.
The point-of-sale consumer new car finance market grew 20% by value and 14% by volume in January, according to the Finance and Leasing Association.
Manufacturers are being forced to introduce deposit contributions on nearly new cars to create differentiation with the monthly rates available on subsidised brand new vehicles.
Exchange and Mart has appointed Jim Murray-Jones as general manager. At News UK automotive, he led the transformation of the Sun Motors and Driving websites.
Ford believes the 2016 new car market could be bigger than 2015 – despite it being one of the strongest on record.
AA Cars is rolling out CitNOW’s video technology to its online used car customers.
Jeep is expanding on the Black Friday shopping craze by giving customers until December 19 to take advantage of its promotional PCP offering.
Renault is offering deferred payments until February 2016 to customers that pay on finance before December 31 to encourage sales in Q4.
Miscalculated mileage on finance products and non-maintained contracts could provide claims companies with their next target once the PPI window closes.
Ford is offering young drivers between 18-24 up to £2,240 towards insurance to help reduce the cost of motoring.
The new managing director of FCA Automotive Services is confident the continued growth in the UK’s economy and employment stability will mitigate any concerns with used car oversupply and a drop in RVs.
Customers who have bought a car on PCP may find that dealers become stricter about end-of-life recharges as used vehicle values come under increasing pressure.
Lower volumes of corporate fleet vehicles in the UK over the last quarter has resulted in full auction halls supported by active online buyer attendance.
The more pre-regs that enter the market, the stronger price distortions become.
Car dealers are being warned to be sensitive to customer needs when selling PCP products in September, as complaints to the financial ombudsman have increased.
Car dealer Lookers, number four in the AM100, has reported the seventh successive year of profit improvement in the six months to June 30, 2015.
Car owners that have kept their vehicle for over 10 years are coming back to the new car market due to strong PCP deals, according to Glass’s.
In the face of changing manufacturer and customer preferences, a question emerges – could the car dealership be at risk of growing a little out of touch?
Smarter remarketing strategies will be needed by manufacturers and major vendors if they are to be successful in the used car market during 2016.
Car search network Motors.co.uk has extended its network again with partnerships with the FirstCar and Car Magazine websites.
Auto Trader has announced a partnership with Trusted Dealers, the marketing channel operating under the umbrella of the National Franchised Dealers Association.
Mazda UK is offering a selection of finance offers that run to the end of September 2015 on the newly launched MX-5.
The growing success of its used car operation has contributed a significant amount to the boost in turnover and profitability of car dealer Arnold Clark Automobiles.
50% of buyers visit more than one dealership when buying their next car, while 67% of those do so on the hunt for a better deal, according to Auto Trader’s Buyer Behaviour Survey.
PCPs dominate Hyundai new car retail finance offers to July.
