AA Cars has announced it will be extending it’s 50% discount for car dealerships for a third consecutive month into June, to help support UK used car busnesses weather the impact of COVID-19.
AA Cars introduced to cut it's fees by 50% in March, as the coronavirus crisis forced forecourts to close for the lockdown.
As England's car showrooms reopened their doors on June 1, and other parts of the UK prepared for their re-openings, AA cars said that the platform would continue to offer vital trading support at a discounted rate.
James Fairclough, chief executive officer at AA Cars, said: “This has been a challenging time for dealerships, so we are glad to be able to do our bit to support them by extending our 50% discount into a third consecutive month.
“We know dealers in England will be working round the clock to add extra social distancing and hygiene standards so customers can visit, test drive and buy with minimal risk."
According to AA Cars, interest in used cars has increased since the UK Government encouraged people to return to work where it is safe to do so. The Government’s call for workers to avoid using public transport where possible has led to commuters without a car to consider buying one.
In May, AA Cars recorded a 71% month-on-month increase in views of used cars for sale on its platform. It also saw requests for car finance jump by 134% compared to April and email enquiries from dealers rise 129%. These results indicate a resurgence in consumer demand, as well as strong intent to purchase.
Fairclough said: “There are positive signs that interest in purchasing used cars has greatly increased in the past month. The growth in car finance demonstrates that consumers are showing strong intent to purchase, offering some good news for dealerships which are about to reopen."
AA Cars has also seen 68% more enquiries for trade-in valuations this month, through its consumer car selling service provided by Wizzle.