May 17, 2012

They will buy any car but beware of the asterisk

asterix-beware-used-cars-bu

Buy any car? Well yes but it pays to read the smallprint. There is no doubt that used car buying sites such as we buy any car or we will buy your car amongst others, are very easy to navigate and do make the process of selling your car straightforward and stress free. If you are in a position to sell your car (hopefully in order to buy a new one) … [Read more...]

Toyota recalls another 600,000 vehicles in the US

Toyota has announced it is recalling 600,000 Sienna minivans in the US due to corrosion and comes a day after they halted production and sale of its Lexus GX 460 because of safety concerns. The latest recall affects Siennas made between 1998 and 2010, which may suffer corrosion in the spare tyre carrier. "In the worst case, the carrier … [Read more...]

Used car prices still strong

The latest data on used car sales from the UK's leading vehicle auction company, British Car Auctions (BCA) has shown that average values rose in each of the key sectors in March 2010. BCA Communications Director Tony Gannon commented "This month's figures show the used car market is currently underpinned by plenty of demand across the board, … [Read more...]

Controlling the sales process can be good for everyone

The word control is used in many sales meetings and seminars in car retailing and for sales people it is a vital ingredient to ensuring that customers ‘do it their way’ and if correctly used can actually be good for both parties. With so much information available and so many different opinions, not to mention the eye watering list of potential … [Read more...]

The comeback kings

Well this must be the comeback of the century! White cars. A few years ago you couldn’t give them away, nobody wanted them, they were the lowest of the low and the only reason car makers pushed them out was because white paint must have been cheaper to use. Now we find ourselves in the strange position of white cars earning a £200 additional … [Read more...]

Toyota halts worldwide sales of Lexus GX460

Toyota has suspended sales of its 2010 Lexus GX 460 worldwide after a US consumer magazine warning and said it would test all of its other SUV models. Toyota had previously asked Lexus dealers in North America to halt sales of their GX 460 sport-utility vehicles after “Consumer Reports Magazine” labelled the model a “safety risk,” the … [Read more...]

Daily Mail tries to give the scrappage scheme a kicking

We in the motor trade can clearly see and feel the benefits of the scrappage scheme, and although Michael Hanlon, writing in the Daily Mail (How the bangers for cash scheme BACKFIRED) is clearly not a fan, he seems to miss much of the point. Without going into whether the scheme has truly had a benefit to the environment, although taking out … [Read more...]

Final scrappage figures approach 400,000 units

By 31 March, 372,401 new cars had been registered through the scrappage scheme and it had accounted for 12.2% of all new car registrations in March. Average CO2 emissions of a car bought through the scheme were 132.9g/km, 27.1% below a scrapped car figure and 9.6% below the overall new car market average. Commenting on the data, SMMT chief … [Read more...]

Buyers being misled over new car delays

You would be forgiven for making the assumption that with the scrappage scheme at an end ordering a new car within a reasonable time frame would and should not be an issue, and with a large percentage of car makers this is indeed the case. However we are learning that there are increasing cases, within certain brands, of exasperated buyers waiting … [Read more...]

Four thousand reasons not to buy the wrong car

On Motor Trade Insider, as regular readers will have noticed, we have a firm belief in what some may regard as a utopian vision; car buyers buying the right car at the right price from the right dealer. The other side of that particular mission statement is that for providing great cars followed by a first class service car dealers are rewarded … [Read more...]

The sun is out!

the-sun-is-shining

Don’t forget the sun is shining and if you didn’t buy your drop top when we advised you to; be prepared to pay the price now! Dealers are already collecting cabs and paying the sunshine premium on the wholesale market so buyers will need to know that to feel the sun on their heads and the warm wind whistling through their hair during that … [Read more...]

Slower month for April?

Some dealers are predicting a slower month in April, as we have lost the best part of a week to the Easter break it’s a good job the weather hasn’t been great or it could be a lot worse! Prices at the ring seem to be easing off slightly although again that could be down to the short break. Quality retail worthy stock continues to be … [Read more...]

Number of cars on the road declines

The number of cars on UK roads has fallen for the first time in 64 years, bucking the upward trend which has traced a year-on-year rise in the total number of vehicles since the Second World War. According to analysis by the SMMT this is the first peacetime decline since vehicle records began in 1904. Growth in the total number of UK vehicles … [Read more...]

Car Makers Premier League – March 2010

It’s time once again for the Car Makers Premier League where each month we take a look at the top 20 manufacturers in terms of units registered and how they compare with the previous month. Who are the Chelsea’s, Man United’s and Arsenal’s at the top and the Portsmouth’s, Burnley’s and Hull’s bringing up the rear? At the end of the … [Read more...]

March 2010 new car registration figures

New car market up 26.6% in March, despite the return of VAT to 17.5 percent. These figures were still boosted by the scrappage scheme as it accounted for 12.2 percent of registrations. The market was already down 30.5% in March 2009 on the year before. · In March 397,383 new cars were registered, a 26.6% rise on a difficult March … [Read more...]

Nissan and Renault alliance announce deal with Daimler

It has been announced that German carmaker Daimler is to give Renault and Nissan, who have been in an alliance since 1999, a 3.1% stake in its business as part of a global tie-up of the brands, In a deal that will see the companies remain separate, but allow them to share technology and development costs, Daimler will take a 3.1% stake in both … [Read more...]

Blogging for the UK Automotive industry takes on a new dimension

For car dealers, merely having a presence on the internet is no longer enough to drive forward the growth of their business Leading Automotive Industry blog Motor-Trade-Insider.com has highlighted how far the UK Automotive Industry is behind the US in the utilization of the internet to drive sales. According to industry experts less than 10 … [Read more...]

Vauxhall Corsa tops used car sales list for 2009

The Vauxhall Corsa has replaced its stable mate the Astra at the head of the used car sales table for 2009, according to figures from information services company Experian. With the Astra dropping to third place, the Ford Fiesta was in second place with the Ford Focus fourth and the Volkswagen Golf in fifth. Top 4wd was the Land Rover … [Read more...]

Toyota faces $16m fine from US government over pedal recall

The US transport department is asking Toyota to pay a record fine of $16.4m (£10.7m) for failing to notify it about the flaws "in a timely way". The National Highways Traffic Safety Administration (NHTSA) said documents provided by Toyota showed the carmaker knew about the defect back in September 2009. The US Transportation Secretary, Ray … [Read more...]

Used cars back on the menu

According to many commentators the used car market can only go one way this year and that is up. With scrappage finished it’s likely the type of buyer attracted to the great deals on offer through the scheme will revert to buying used cars again. This is good news for dealers looking to fill the void left by the new car shortfall but also … [Read more...]

Customer service in the automotive industry set to hit new heights

As car design and technology improves with every new model released and the competition for market share becomes ever more fierce, truly understanding the car retailing business takes on more importance than at perhaps anytime in its history. You will constantly hear how buyers are far more aware than ever before in terms of product and price … [Read more...]

Daimler pleads guilty to bribery charges

German car manufacturer Daimler has pleaded guilty to corruption charges in the US and will pay $185m (£121m) to settle the case. The charges relate to US Justice Department and Securities and Exchange Commission investigations into the company's global sales practices. Daimler, the owner of Mercedes-Benz, admitted to paying tens of … [Read more...]

Toyota US sales up over 40% in march

Toyota's US sales bounced back in March thanks to big discounts used to lure back disheartened customers to the brand after the raft of safety recalls. The Japanese car manufacturer saw its US sales jump 40.7% in March compared with a year earlier. Sales in February had slumped by 8.7%. Ford and General Motors also saw their sales rise last … [Read more...]

Dealers still upbeat

Although the trade is not quite in the excited state it was at this time last year, as we commence the second quarter there is cautious optimism about the year ahead. The fact that our darling chancellor mostly played it safe - now there’s a surprise - meant that for the motorist and the people responsible for looking after them the news at least … [Read more...]