BCA Marketplace has stopped plans for an initial public offering.
Chasing volume and market share, and registering more cars than customers need, will lead to faster depreciation, warns CAP.
The European auto market continued its upward trend in September with new car registrations up 6.1% to nearly 1,270,000. For the nine months year-to-date, registrations were up 5.8% to 9,907,000.
There is no major HMRC attack on mileage recording in the motor sector. But there is the need to exercise care and it would be sensible to review your own position to ensure that if you get the knock on the door from HMRC you are less likely to face a significant liability.
Dealers should embrace the new era of the Financial Conduct Authority (FCA) or risk the imposition of a stricter structure which other industry sectors have been forced to adopt, delegates at AM’s new F&I Compliance Conference will be told.
AM has teamed up with What Car? Connect, the data marketing and insight service, to produce a monthly look at used car sales and target price data.
September proved another month of growth in part-exchange values for dealer stock, with all segments increasing prices compared to 2013.
Prestige is becoming the norm, especially when it comes to the company car parked in the driveway, says new research out today.
Working towards FCA compliance could see dealers and lenders move away from flat rate motor finance products to APR-based alternatives.
The latest figures from the Sainsbury’s Bank car buying index, which tracks consumers’ car purchase intentions, suggest that 23% of adults in Britain are currently thinking about buying a car over the next six months.
A free webinar providing information on how to be best prepared for new rules for dealers on providing consumer credit is being held tomorrow by AM and Alphera.
If car-sharing takes off in our congested cities, the new joint venture could be well placed. Of course, though, in the short run we still have the same problem; a new technology with high costs which has yet to make the big break-through.
A series of workplace parking levy schemes could be introduced across London to improve air quality in the capital.
In a special report into the repair sector, WhoCanFixMyCar.com explodes some of the most long-standing myths on the prices charged by franchised dealers compared to the independent sector. And how often do consumers choose the cheapest option?
Scottish dealers are calling for a war on red tape and taxation from political leaders in Holyrood and Westminster after giving their support for a ‘No’ vote in the country’s historic referendum.
The September 2014 new car market was the biggest for the month since 2004, ending with 425,861 registrations.
Wednesday saw the first of the FCA landing slots relating to the motor finance industry opened for submission. That means, for some dealers, there may now be less than three months to go to complete the application.
Values in the used car trade market are now slipping and underperformed in September compared with the same month last year, according to CAP Automotive.
Is the FCA your friend or foe? The answer is probably neither. But what the FCA should be treated as, if we are to successfully make the transition to the new regulatory framework, is a partner.
Traditionally car companies have pursued an apparent logical strategic presumption that improving customer service commensurately increases customer loyalty and decreases customer complaints. However this creates three problems.
