Buying habits & trends
News
Customers trusted car dealers while unaware they earned finance commission, survey finds
New research reveals that 65% of car finance customers who took out loans before the ban on discretionary commission arrangements (DCAs) trusted their dealer to offer them the best deal
Car loan crisis could rival £50bn PPI scandal, FCA chief warns
The financial crisis brewing in the UK’s motor finance sector could rival the infamous £50 billion Payment Protection Insurance (PPI) consumer scandal, the Financial Conduct Authority's (FCA) top legal chief has conceded.
Understand buyers better with AM's Spotlight on The Customer report
AM's Spotlight on The Customer report explores what trends and habits dealers must understand to provide the right buying experience, how dealers can help private buyers overcome their barriers to EV purchase, and how tailored experiences and great value can keep used car buyers coming back.
Dealer margin potential receives boost with Autofinity data enhancement
Autofinity is helping manufacturers and dealers achieve better margins by boosting ratings on classified websites, ensuring that vehicles are more accurately described, leading to higher residual values.
Cazoo to sell off stock, cease car sales, become rival to Auto Trader and Motors
Online car dealer Cazoo is beginning to sell off its used car stock, transporters and customer care centres as it has announced it will switch to a new business model as a car marketplace, competing with rivals such as Auto Trader, eBay Motors and AA Cars.
National Insurance cut does little to help consumers cope with higher cost of cars
Consumers who have witnessed new and used cars become significantly more expensive since 2020 are unlikely to beat a path to dealerships as a result of the National Insurance cut in Jeremy Hunt's 2024 Spring Budget.
Executive View: Despite the hype, few people really have a clue
An "informed" consumer might just be an over-confident one, so assuming ignorance may not be a bad thing, writes AM's regular columnist Professor Jim Saker, emeritus professor of Loughborough University's business school and president of the Institute of the Motor Industry.
SMMT repeats calls for help to get the public into electric vehicles
The lack of incentivisation for private motorists to choose electric vehicles has again been highlighted by the Society of Motor Manufacturers and Traders as it fears the uptake of zero emission vehicles is "plateauing".