Steve Young, managing director, ICDP, suggests that it may be time for the automotive world to consider different pricing models.
Dealer discounts have remained static in the last three months despite a struggling new car market, according to a What Car? Target Price report.
Rising inflation and efforts to increase dealer profitability have cost UK car buyers almost £2 billion in price hikes in just seven months, according to research carried out by What Car?.
Carspring has found that the UK new car market is the second-quickest depreciating in the world – losing an average 51.9% after the first 34,700 miles.
Manufacturers looking to combat the expected slowdown in new car sales during 2017 are already discounting cars by as much as £5,000, according to BuyaCar.co.uk.
A wave of new car price increases prompted by the weakness of the pound should place a new degree of emphasis on more effectively promoting motor finance, says iVendi.
Carwow has revealed that pre-registered cars can cost customers an extra £1,500 when compared to the brand new equivalent with the results of recent research.
Skoda has opened the order books for the 2017 Octavia range, featuring a new face, more technology and prices ranging from £17,055 to £30,085.
Consumers are finding negotiating on new car discounts tougher than a year ago.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues