AA Cars, the online used car classifieds portal, is investing £5 million in its business and will be offering a year’s free breakdown cover for customers that buy through the website.
Dealers need to take steps to continue to reap rewards in a seemingly buoyant used car market and focus on key areas to ensure they are best placed to continue to attract business, according to BCA managing director Spencer Lock.
Demand for used cars in the trade market remained unusually robust during September, with some values increasing – a noteworthy phenomenon for this time of year.
Manheim is predicting an increase of up to 20% in vehicle supply to the UK wholesale market during the next six weeks.
Up to 10% of vehicles at auction are bought by dealers without full information on the condition of the vehicle according to G3 Remarketing.
By working together fleets and franchised dealers can better meet the used car stock challenge, boost the used car market and make defleet a more efficient and profitable process, according to LeasePlan’s head of remarketing James Hopkins.
With much of the decision-making process for used car buyers taking place online, understanding the consumer’s virtual journey is vital in the battle to win customers, according to Google senior industry head Hugh Dickerson.
Used Car sales hit 7.1 million units in 2012, outpacing new car sales by climbing 6.4% and returning to pre-recession levels according to figures from the BCA Used Car Market Report.
The Volkswagen Golf has been named as the best used car of 2013 by What Car? at its annual used car awards.
RAC BuySure, the used car initiative which uses the RAC name for used stock which meets a set of standards, is targeting franchised dealers after initially launching with a focus on car supermarkets and independent dealers.
Used car buyers will continue to seek out vehicles which cost less to run despite recent upturns in the economy, according to Jay Nagley, managing director of Redspy.
New data from G3 Remarketing shows fleet and lease vehicles values still remain strong, with the average fleet prices around £8,987.70, up £44 month and month and representing a 20% increase year on year.
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BCA launched a new digital sales programme yesterday under the BCA 5 to 9 brand.
Rise in conversion rates likely to improve in August ahead of 63 plate change in September
HPI has joined forces with Deltapoint, to bring dealers, manufactures, insurance and finance houses a new service for used car valuations.
Increasing new car demand will have a positive impact on the used car market and franchised dealers can look forward to a buoyant Q4, according to Professor Peter Cooke, author of the BCA 2013 Used Car Market Report.
AM’s next Used Car Conference will look at how dealers can forge ahead in the used car market following mixed fortunes in the market this year.
The RAC has sent out letters promising legal action to more than 40 independent dealers which have been using its logo in their marketing material.