Blurred lines between dealers, leasing and rental firms, and used car reviewers and classified sites, means retailing used cars online will change rapidly, says Andy Carroll
The UK’s used car market was down just 0.6% or 11,517 sales in the first quarter of 2019, compared to the same period in 2018.
The seeds of a different used car market 10 years from now have already been sown including fuel type changes, new funding methods and a digitised wholesale sector, according to Philip Nothard of Cox Automotive
Franchised dealers sold used cars faster than independents in October 2018, although they carried 40% more stock, according to the latest figures from Motors.co.uk.
Used car sales in the UK reached near record highs in the period July to September.
Used car sales increased by 7.8% in October against the same month last year.
Car dealers looking to take advantage of increased profits in used car sales by switching to non-franchised operation must follow some key steps
Pre-tax profits rocketed 71% at used car supermarket group Motorpoint as it ramped up sales and won record levels of repeat business.
Auctions, imaging, valuations and vehicle tracking – the apps and online services that will help your sales department to sell more used cars more efficiently
A reduction in the number of older used cars being bought from dealerships across the UK has been blamed for a 4.8% decline in sales during Q1 of 2018.
Independent car retailer Cartime is already celebrating a bumper 2017/18 ahead of an anticipated end-of-year turnover of £34 million – 20.5% up on its previous reporting period.
Car retailers' online sales leads rose by 34% during December as the sector experienced an 8.5% rise in used cars during the final month of 2017, according to enquiryMAX.
Car retailers recorded an average loss of £19,000 in a "tough" November as the average return on sales percentage dipped to 0.97%.
The Finance and Leasing Association has claimed that the point of sale new car finance market remains “on track”, despite an 8% decline in volumes during November.
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 7 2019
Where: Birmingham NEC
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