May 17, 2012

The greedy dealer and the customer who hit back!

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You know that we here at Motor Trade Insider are all about helping the beleaguered motorist fight back with real “insider” info, tricks of the trade and advice, well we thought you might be interested in the little tale of the greedy car salesman and the customer who hit back. This is a true story and I could name the car dealer concerned but I … [Read more...]

Car insurance for teens is hard work

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What a pain it can be to get first time insurance for 17/18 year old kids. I hear horror stories everyday about the massive cost of insuring first time drivers, often only 3rd party and sometimes up to 5 times the value of the car! However there are some winners; I know some people who finally managed to get insurance for their son … [Read more...]

General Motors’ share price falls again

Stock falls a further 10 per cent following downgrading General Motors’ share price has fallen by nearly 10 per cent after Merrill Lynch downgraded its recommendation for the stock from “buy” to “underperform”. It is the latest blow for the carmaker as its shares had already reached their lowest in half a century. Last month … [Read more...]

Lazy car sales in a market downturn

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The motor trade during turbulent times, like all retail businesses, must keep razor sharp in order to see any downturn through and keep turning a profit, fairly much common sense one would suspect, however let me just paint a picture for you. This is Motor Trade Insider’s take on converting the customer in the current climate; … [Read more...]

Running your car on wine

If the cost of fuel makes you want to drown your sorrows, stop – there is an alternative use for your tipple that is both financially beneficial and environmentally friendly. Prince Charles made headlines this week when it transpired that his Aston Martin DB5 sports car has been converted to run on wine and cheese – or at least bio-ethanol … [Read more...]

Polo worth a mint?

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The world’s gone mad!

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I have now seen it all. I have just had a dealer call me in London; a lady has come in with a 0808 VW Tiguan tdi auto which with the specification cost £27,000 new. The car is 2 (yes 2!) days old and has 200 miles on the clock, she wants out of it, says it’s too small, unbelievable! … [Read more...]

June car registrations down

Demand for new cars slowed in June, with registrations dropping by 6.1% to 209,190 units. Year-to-date registrations were also down by 1.6% to 1,247,479 units. Paul Everitt, Society of Motor Manufacturers and Traders chief executive, said: "We are now seeing concerns about rising fuel bills and household costs dampening consumer confidence, … [Read more...]

Motor trade warned over online scam

Car buyers have been warned of an online scam in the retail motor industry, which has already seen three people lose money. Buyers of 'sight unseen' vehicles are at risk of putting down deposits on cars that do not exist. … [Read more...]

Entering the unknown

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I took a friend to the auction today; she has recently gone through a messy divorce to her soul mate, who ran off with a younger model. The company smoke went back and she found herself in the position of venturing into the unknown, i.e. buying a car with a limited budget and making it sexy, practical, reliable, and well specified with low … [Read more...]

Ministers see off duty challenge

The government has defeated a challenge to its plans to raise vehicle excise duty on the most polluting cars. An attempt by Tories to stop the road tax changes applying to vehicles registered before March 2006 was lost by 303 votes to 240. Shadow Treasury minister Justine Greening branded the move "unfair and ineffective", saying it was … [Read more...]

Motor retailers’ share prices take a hit

Share values of motor retailers listed on the London Stock Exchange took a hit this morning, a day after Pendragon's gloomy statement and revelations of its redundancy programme. Within two hours of the market opening, share prices began to slide for all dealers except HR Owen and Caffyns. Lookers dropped 4.9%, Pendragon 5%, Vertu Motors … [Read more...]