May 17, 2012

Prosecutions for defective tyres hit 7 year high

The number of drivers successfully prosecuted by courts in England and Wales for driving on defective tyres has risen by 14% to more than 4,300 convictions. The information, which relates to 2008, has been released by the Ministry of Justice in response to a parliamentary question by Stoke-on-Trent MP, Tristram Hunt. The figure is a seven year … [Read more...]

MX high five!

mazda-mx-5

Hearty congratulations to Mazda and in particular the MX-5 on reaching its 100,000th new car sale in the UK twenty years after the first model arrived in British car showrooms, a fantastic milestone for a great little classic. The MX-5 was first unveiled at the Chicago Motor Show in 1989 and arrived in the UK in March 1990. It sold 2,246 units … [Read more...]

No atmosphere at the auctions as decent cars become scarce

Standing at the auction yesterday I couldn’t help noticing how the hall seemed completely bereft of atmosphere. The usual suspects were all in attendance of course, milling about chomping on bacon rolls as usual, but the distinct lack of quality cars being entered meant I stayed only a short while. The tell tale signs were obvious; on the rare … [Read more...]

Brisk business at the car auctions down to short supply

Although the auctions are doing brisk business at present, there is a feeling that this is mainly down to short supply. There is expected to be a flood of cars later in the month as contract hire and lease cars are de-fleeted, meaning more choice and therefore a cooling of prices on the trade market. Since the end of scrappage the value of small … [Read more...]

As used car complaints rise again OFT warns car buyers what to look out for

The OFT (Office of Fair Trading) has launched a campaign to help people in knowing their rights when it comes to buying a used car from a dealer, as new figures released today reveal another rise in complaints. In the first six months of 2010, the OFT-managed advice service Consumer Direct received just over 38,000 complaints about second hand … [Read more...]

If the job’s done right everyone’s a winner

Selling cars is a very skilled business despite what many people might think. To be able to match an appropriate car with a suitable owner and get the price bit right takes training and experience with a liberal dose of personality and communication skills. During leaner times and occasions like we now find ourselves in, where supply has become … [Read more...]

Used car sales suffer slight dip in second quarter

Used car sales dipped by 0.7% year-on-year in the second quarter of this year, according to the latest figures from Experian, but were still ahead of first quarter figures. Experian said this represented the smallest annual drop in sales for two years. Total sales for the quarter, which included private and retail, totalled 1,781,634, a 6.4 per … [Read more...]

3 days, 70 miles and £7,000

When it comes to buying new cars it seems that there is still a long way to go before buyers and sellers can reach an agreement around price and, as they both have a vested interest in being at opposite ends of the pricing scale if you like, then perhaps they never will. More worrying is that despite major improvements both in technology, … [Read more...]

BCA reports a rally in used car values in August

BCA's latest Pulse report shows that the used car market rallied in August with values rising as supply reduced and professional buyers prepared for the busy autumn period. Increases in average values were recorded in the Fleet & Lease and Part-Exchange sectors, although average values decreased in the Nearly-New sector - the latter largely as a … [Read more...]

Never buy a car for friends or family

When you are in the business of selling cars, never, ever sell to friends and family it nearly always ends in tears. For some reason when serving a family member or friend they always expect that it be the cheapest, lowest mileage and cleanest example previously owned by a little old local lady who only went to the shops and back, and of course … [Read more...]

No more crisis as BMW global sales eclipse 2007 levels

BMW has surpassed August's global sales volumes for its core brand not just when compared against 2009 but also for 2007 and 2008, underlining just how strong the recovery in the premium car market is. BMW has reported that it sold more cars in China in the 1st 8 months to August than it did for the entirity of 2009. Worldwide sales of BMW … [Read more...]

HPI reveals the Midlands as stolen vehicle hotspot

Car data check company HPI alerts used car buyers to the dangers of buying a stolen vehicle, as it reveals nearly 31 stolen vehicles are uncovered by HPI checks every day, making this a very real threat to unsuspecting car buyers. The latest figures show that, of the vehicles checked with HPI, nearly a third were between 1 and 3 years old. In … [Read more...]

Lead times lead to confusion

The fact that many car makers are struggling to supply new cars within an acceptable time frame is causing real concern for many dealers and they are losing customers to rival brands as a result. Even the ultra efficient Germans BMW, Audi and VW are being affected along with many others and sales personnel now have the unenviable task of trying … [Read more...]

Draft dodgers

For those of you who thought bankers drafts were as good as cash, think again. It takes up to 5 days for a BD to clear and if it is stolen or a forgery your car can be long gone before the bank or you realise leaving you with no car and no money. In that case what is the point of a bankers draft over a cheque? … [Read more...]

Opposition mounts against plans to change MoT frequency

UK legislators must not scrap the annual MOT test to fall in line with Europe warns campaign group RoadSafe who reveal the DfT is considering scrapping the UK’s annual test, which commences when a car is 3 years old. Transport Department whip Earl Atlee told the House of Lords in July "We intend to look at the issue of MoT frequencies later … [Read more...]

Caution pays when buying a used car

During an economic downturn or periods of economic uncertainty it is more important than ever to ensure that any car you buy or service you pay for is legitimate. We in the trade always look a little more closely at part exchanges and all the supporting paperwork. For example when someone says their car has a “full service history” is that … [Read more...]

Car Makers Premier League – August 2010

It’s time once more for the Car Makers Premier League where each and every month we examine the top 20 manufacturers by number of units registered and see just how they look when compared with the previous month. At the end of the year who will be crowned champion? Who will drop out of the top 20 as the year unfolds and which high achievers will … [Read more...]

August 2010 new car registration figures

New car registrations were 55,305 last month which is down 17.5% from a year ago with the end of the car scrappage scheme and the fragile economy blamed. However, so far this year, new car sales remain 13.2% higher at 1,300,413 units. Registrations fell 17.5% in August to 55,305 units compared with scrappage-fuelled 2009. Decline marks … [Read more...]

As used car prices heat up could demand swing back to new cars?

As the trickle of part exchanges arrive at action the distinct lack of cars has begun to re-heat demand. Most of the major auction houses have had many more buyers for far fewer cars and as a result some cars have been making, what we call in the trade, 'Brewster’s'. This was kind of predicted and may very well be only be temporary in nature … [Read more...]

Plate change mundanity

I know we probably say it every year about this time and sorry for being boring but things just aren’t the same! I visited a few showrooms on the 1st in the hope that all staff would be far too busy to have time for me and look incredulously at me whilst exclaiming “don’t you know it’s the 1st of September?!” Well at the places I … [Read more...]

Chinese car sales surge as US declines

Car sales in China, now the world's biggest car market, rebounded in August as subsidies for energy-efficient vehicles and a stronger currency spurred demand, while at the same time sales in the USA faltered. Chinese sales rose 55.7% compared to 2009 to 1.21 million vehicles, up from 1 million vehicles in July, the Cabinet's China Automotive … [Read more...]

Driving green could take you into the red

Car makers and their franchised dealer networks are facing a dilemma; they want to sell “green” cars that help the planet and reduce co2 emissions but in reality are still failing to appeal successfully to the majority of the car buying public and are thus still some way from getting buyers to consider them in any great numbers. I … [Read more...]

Kia exceeding expectations

exceed

In the past here on MTI we have tended not to do too many car reviews. This was mainly because we thought the web was awash with them and our contributors preferred to voice their opinion about what they saw as other more pressing matters. Despite this the reviews we have done have all proved popular so we know there is an appetite for them. At … [Read more...]